Finance Tech

You may have heard it called “the foreign exchange,” “FX,” or “forex,” but they all mean the same thing—a massive, 24/7 global marketplace where traders exchange national currencies for profit. Forex markets tend to be the biggest and most liquid asset markets in the world. According to a Nasdaq.com report, forex trades $5 trillion per day—that’s around 25 times more than all the world’s stock markets combined on any given trading day.

So, what is forex, and how does it work?

IM Academy has the answers.

What is forex trading?

Put simply, foreign exchange trading simply means trading one currency (such as the United States Dollar) against another currency (like the euro).

Here’s an example: Say that Joe travels from Hoboken, New Jersey, to Vienna, Austria.

Joe wants to visit The Hofburg, Vienna’s storied palace, but he learns that he must exchange his U.S. dollars into euros to pay for his entry. Joe exchanges $100 for roughly 85 euros—the current exchange rate. Suddenly, Joe gets an urgent call that he must immediately return to New Jersey. When Joe gets back to the airport, he remembers to exchange his unused euros for dollars. Before fees, Joe receives $105 for the 85 euros—$5 more than he originally paid for them. In this case, the dollar’s value went down against the euro while Joe was holding them. So, when he traded his currency in for the dollars, he received $5 more than his original investment.

That is the basic concept behind trading foreign exchanges.

How does forex trading work?

Unlike the New York Stock Exchange, the foreign exchange market is open 24 hours a day, Monday through Friday. This is necessary so that trading can go on worldwide and accommodate different countries’ trading sessions and business hours. Where is the forex market located? Even though forex trading can be segmented into peak trading times in Sydney, Tokyo, New York, London, and other major financial centers—there is no central location for the market itself. The forex market is a decentralized over-the-counter (OTC) market made up of complex computer networks and trading terminals worldwide.

Currencies have three-letter codes, kind of like a stock’s ticker symbol. You’ve probably seen some of these, even if you didn’t realize it. The U.S. Dollar is USD, the Canadian Dollar is CAD, and the euro is EUR. Every currency on the market—from the Japanese yen (JPY) to the Swiss franc (CHF)—has its own unique three-letter code. Forex trades are always expressed as a combination of two currencies. Our friend Joe, for example, traded the currency pair: EUR/USD.

Why choose forex markets?

The forex market moves much faster than the stock market. While investors may hold onto stocks for months or years, it is rare for an investor to hold the currency for more than a few days—even hours. While this highly liquid market introduces the opportunity for more profit to investors, it also brings more volatility. Before the internet, forex trading was much more difficult for an individual investor. Currency trading was dominated almost exclusively by hedge funds, multinational corporations, and high-net-worth individuals with lots of capital.

Thanks to the internet, this is no longer the case. In IM Academy’s FRX forex trading program, students learn much more detail about spread, pip values, and their uses in forex trading.

But simply put: The spread is the difference between the buy price and the sell price of an underlying asset. This helps traders calculate the cost for a trade and serves as an indicator of the underlying asset’s volatility. Generally, during peak trading hours, assets available on the forex market are highly liquid with narrow spreads when compared to the stock market.

But the forex market is highly variable depending on the currency, the time of day of a trade, and economic conditions.

Is forex trading safe?

There is indeed a lot of volatility in forex trading. Much more so than in regular markets.

Dealers in the forex markets also allow a high amount of leverage. This can get very risky, as traders can control much larger positions than they might be able to afford on their own. In forex trading, leverage in the range of 100:1 is not uncommon. And given the global nature of currency trading, a successful forex trader must understand the economies and workings of various countries and their connections to other countries and entities that might influence and drive currency values.

One of the best ways to find out if forex trading is the right choice for you is to enroll in IM Academy and learn everything you can about the methods, strategies, and underlying fundamentals that have made previous traders successful.

IM Academy is currently offering a deep-dive forex trading training program called FRX, where students learn how to understand currency movement, the different types of chart analysis, how foreign markets operate, and the best strategies to enter into trades in the forex market.

You can learn more about the FRX Academy training opportunity at IM Academy’s website.

Note: IM Academy is an educational forum for analyzing, learning, and discussing general and generic information related to markets and strategies. IM Academy does not provide personalized recommendations or views as to whether an investment approach is suited to the financial needs of a specific individual. Before deciding to participate in the forex or other markets, you should carefully consider your investment objectives, level of experience, and risk. Most importantly, do not invest money you cannot afford to lose.  You should take independent financial advice from a professional in connection with, or independent of, research and verify any information you find on the IM Academy website.  

There is no denying that more and more people are becoming interested in cryptocurrency trading today! People have seen how Bitcoin has taken off, and they want a piece of the action. Who can blame them? However, if you want to get involved in cryptocurrency trading you need to do so with care. You don’t want to make the mistake of committing a rookie error that ends up costing you a lot of money. So, with that being said, let’s take a look at some of the common beginner cryptocurrency trading mistakes people make so you can avoid making the same ones!

Do not spend more money than you can afford

One of the biggest mistakes that we see a lot of people make is that they put in money they cannot afford to spend. This is something that we would never recommend. You should only put in money that you can truly afford to spend. After all, if you were to lose something on a trade, the last thing you want is your ability to pay your bills and put food on the table to be impacted. So, always take stock of where you are financially and make sure that this is something that is viable for you.

Failing to prioritize security

Another mistake that we see a lot of people make when it comes to cryptocurrency trading is not putting security first. Security is critical when it comes to handling anything financial and confidential online. This is most certainly the case when it comes to cryptocurrency trading. If you do not make the most of secure wallets and multi-layered security features, you could end up becoming the victim of a data breach. You only need to look at the news today to see that data breaches are incredibly common nowadays, so you cannot afford to be lackadaisical when it comes to this!

Letting your emotions take over

When it comes to any sort of trading, one of the worst things that you can do is allow your emotions to take over. However, this is something that can easily happen. When a trade stops going your way, you need to recognize when the right time is to abort it! Holding on and holding on is not the way to go, yet a lot of people can end up doing this because they do not want to admit that the trade is not working out. Instead, you need to be strict and stick with your strategy.

As you can see, there are a number of different mistakes that people tend to make when it comes to cryptocurrency trading. If you can avoid the errors and mistakes that we have discussed above, you can go a long way to making sure that your cryptocurrency trading is a success and that you do not end up making a costly mistake. If you do make any errors, don’t let them get you down; learn from them instead and keep moving forward.

Technology has come a very long way over recent years, and this has helped to provide people with greater ease and convenience in many ways. Internet technology, in particular, has made life easier for many people, as it means that they can access a huge range of products and services from the comfort of their own home and at the touch of a button. This includes accessing financial services such as credit cards.

If you are looking for a credit card, it is always advisable to go online and do your research. In fact, going online makes it much easier to find the ideal credit card whether you want one for balance transfer or whether you are looking for one that offers credit card rewards. Modern technology has made finding the right credit card far easier and more convenient, and this is for a variety of reasons. In this article, we will look at how modern tech has made it easier for find the ideal credit card for you.

How It Can Help

There are many ways in which going online can help you to find the right credit card for your needs. Some of the main ones are:

You Can Enjoy Great Choice

One of the benefits of using internet technology to find the ideal credit card is that you can enjoy excellent choice, and this makes it much easier for you to find the perfect card for you. There are many different types of credit cards and providers that you can choose from, and when you go online you can benefit from easy access to them all. This is one of the many reasons why so many people decide to go online to find the perfect credit card for them.

Easy to Research

Another of the benefits you can look forward to is the ability to research different credit card options with ease. It is always vital that you do your research before applying for a credit card, not only to determine whether it is suited to your needs, but also to check whether you are eligible before you apply. This is something that you can do with total ease and convenience when you go online, which saves you time, hassle, and stress.

Fast and Simple Application

An added bonus of going online to find a credit card is that you can quickly and easily make your application once you have found the right card. This can save you a huge amount of time, as the application can be completed in minutes online rather than waiting for the arduous and lengthy paper applications that used to be sent in the post. This makes it quicker and easier for you to find out whether you have been approved, so you can also plan ahead financially.

These are some of the reasons why so many people turn to modern technology in order to find the ideal credit card.

Forex is a unique short-term investment instrument. Unlike other instruments such as gold, property, stocks, and mutual funds, forex has the highest level of risk, as well as the advantage of being able to make a lot of money in the shortest time. However, this does not dampen the interest of traders to carry out forex trading activities. There are various reasons why many people are now looking to forex trading as an additional source of income or a main job.

What is Forex Trading

Forex trading is a type of investment instrument that uses foreign exchange which is abbreviated as forex. This forex uses physical currency which means you actually hold the dollar or other currency, which is purchased. But now, there is also forex trading online so that it is easier and more flexible to do.

This investment is also known as forex trading with the aim of making a profit. Where usually, one party will buy a certain nominal amount of currency to get the difference in profit.

Those who trade forex, of course, have experience and always take the time to see and analyze the various factors that influence the fluctuations of world currencies.

Forex broker recommendations

There are so many forex sites that are often a reference for investors to find out various things about market movements, the economy, and so on. In addition, with this forex news, business people can do fundamental analysis before placing orders or opening positions to buy or sell. Fundamental analysis is very important for traders so that profits will increase.

There are many choices of brokers that offer convenience for you. But among all that, there is one that excels with a myriad of services, here are some tickmill review:

Tickmill was founded in 2011 and is registered with the Estonian Ministry of Economy (license nr VVT000289, FRA000029) a member state of the European Union and the Eurozone. Tickmill has direct ECN access and currency liquidity.

1. Thin Spreads

This broker which is famous for its very thin spreads has a spread that is not fixed, and widening spreads most often only occurs when the market opens on Monday and for high impact news, spread widening is very rare, and the rest of it all becomes very thin, and of course very profitable.

2. No Requote

No re-quotes, delays, or interventions.

Yes, who doesn’t get annoyed when they want to open or close an order when a requote or order is rejected, because the price has changed. And at Tickmill this does not happen, because all orders will be directly forwarded to the market very quickly, even though the price is moving very fast.

3. Free to Use Trading Techniques

All trading techniques can be used here, scalping, hedging, averaging, martingale, and many more, all are allowed at Tickmill. Tickmill allows all trading strategies. You can scalp, use expert advisors (EA), hedge your positions, or trade during news releases.

4. Safe funds

Segregated funds mean that your money is held separately from the company’s capital.

5. Low cost

You can open a Classic account with a minimum deposit of $50 or an Exchange account with $100. The deposit is free of charge.

6. 5 digits and No Entry Point limit

In the price displayed on Tickmill using 5 Digits behind the DOT (comma/dot), and when you want to find profit only in a matter of points, of course, this is very profitable. Because Tickmill is allowed to place Pending orders in all positions for trapping and without restrictions. Including installing SL and TP.

7. Easy-to-use Client Area Access

After registering with Tickmill, you will get an account number to access your personal client area, there you can use it to set up an account or create a new trading account, view market analysis, and of course to process transfers between accounts and submit withdrawals. The menu is very complete and easy to understand.

And many more, of course, you can try it yourself to gain experience when trading. And in essence very pleasant and comfortable.

 

Whether you are a novice or a pro trader, several resources help you to figure out how to step up in the forex trading space. Without adequate knowledge and information about forex trading, traders are likely to make mistakes, especially beginners. That’s why there are paid and free forex expert advisors to help with trading dynamics.

If you want to make really good profits in the foreign exchange (or forex) trading game, then you have to have every pip you can get. Unfortunately, the learning curve is sometimes not very favorable. The need to find alternatives to hours of technical analysis and research on news and historical data. The only way to increase the odds is to find a way to make efficient trades without being hindered by technical analysis or research.

In the world of forex trading, an expert advisor (EA) is a piece of software that can suggest trading times or automatically start and execute trades based on programmed instructions. The forex expert advisor is an automated forex trading system that operates under the Metatrader 4 trading platform. The fixer here is that you need an account with a forex broker, which supports Metatrader 4. However, that is no longer a problem nowadays as Metatrader is already supported by many brokers. Forex today so all you have to do is look for the ones that match your expectations.

Expert Advisor Capabilities

1. Open position, buy/close.

2. Close position.

3. Modify according to the current trade.

4. Change the SL and TP according to the current trade.

5. Carry out an analysis of a pair based on internal markers.

6. Sending alerts, can be in the form of voice, e-mail, or API.

7. Carry out an analysis of the financial management of the account, either balance or margin.

8. Expertise integration to other applications, up to unlimited development.

Expert Advisor Advantages

a. Replace when busy

The forex market is open 24 hours and 7 days a week. Using expert advisors or similar trading tools known as forex robots can continue trading when you are absent, to get results or trading opportunities while you are working, sleeping, or doing other activities.

b. Eliminate emotional factors

Fear or greed will not play into the selection or rejection of trading signals. The EA will execute trades based on the existing instructions without considering the emotional factors of loss and profit.

c. Reduce stress levels and potential fatigue

If forex trading is your main source of income, using an EA can reduce stress levels and the potential for emotional and mental exhaustion, including the sacrifice of time.

d. Forex trading management options

However, it is better for investors to be aware that risk is unlikely to disappear. RoboForex can be considered as one of the options that can help manage your forex trading.

The emergence of RoboForex is also the answer for investors who want to invest practically or don’t have time to learn technical and fundamental analysis. RoboForex can also help investors to control their emotions when trading. This can be done because RoboForex is able to automatically execute transactions with a more measured analysis.

Review customer support and service for merchants

There is also a training center for beginners. There you can watch the exact video on the operation of the trading platform. For further questions, you can join the RoboForex forum. Direct exchange with other traders and develop a common strategy. The broker also provides daily analysis and webinars.

It works around the clock (24/7) for RoboForex customers. Use a different contact option if you have any questions.

RoboForex earned an excellent reputation by adhering to the mission of service and customer satisfaction, and that is the principle that continues to operate to this day. Recommend, because there is no fraud insight. Trading fees are very low and you get fast and direct execution. Regulations, licenses, and sponsorships make brokers a trusted partner.

a trusted, regulated, and licensed forex expert advisor that has been providing its offerings and services since 2009. The company’s head office is based in Cyprus and serves more than 800,000 customers, located in more than 170 countries.

With 18 supported languages, RoboForex’s main focus is to provide an outstanding online trading experience through innovative technological solutions and several modern trading tools.

RoboForex’s offering and development are supported by more than 20 different awards, in addition to sponsorship deals with some of the best athletes and sports teams from around the world. RoboForex is the official sponsor of the Starikovich-Heskes team in Dakar 2017, as well as the official sponsor of Andrei Kulebin, who is a world-famous Muay Thai fighter.

Filing for bankruptcy can be scary and overwhelming, and it’s not an intuitive process at all. That’s why, if you’re on the cusp of preparing your first filing, you’re going to need help.

By taking these 4 steps before you head to court, you can protect key assets, minimize the harm to your financial future, and regain a solid footing going forward.

Evaluate Alternative Options

One of the most important things to do when you’re considering filing for bankruptcy is to make sure it’s the only feasible option for you.

Bankruptcy is a serious step and there are a lot of different pathways to debt relief. It’s important that you evaluate whether any of these other pathways are tenable options for you.

For example, debt settlement programs or even credit counseling can help some people manage their debt effectively. However, if you have far more debt than you could pay down even if it was reduced, then bankruptcy is likely to be your only choice.

Prepare For Means Testing

You have to be facing very particular financial circumstances to qualify to file for bankruptcy, and in order to determine whether you meet those standards, you’ll have to go through a process known as “means testing.”

Means testing involves having an independent trustee evaluate your debt, income, and spending behavior to ensure that you are both in dire financial straits and will not abuse the system. Beware of taking out new payday loans or maxing out the remaining balance on your credit cards in the weeks and months before means testing, as that can raise concerns.

Identify Key Assets

When you file for bankruptcy, you’ll have to liquidate a lot of your possessions to pay down your debts. Some property is exempt, at least up to a certain value – but how do you know what you’ll be able to retain? As bankruptcy lawyer Rowdy Williams explains, “Whatever your circumstances, when you file for bankruptcy, you’ll still need a place to live. You may still need a way to get to work. You may need certain tools in order to do your job. As a bankruptcy lawyer, then, one of my jobs is to help my clients determine what property is exempt and to help them fight for what they really need.”

Filing for bankruptcy can leave you in a tough spot, but it won’t put you out on the street.

Stay Honest

One of the most harmful things you can do when filing for bankruptcy is to try to hide assets or transfer and gift property to keep it from being taken. This is illegal and can disqualify you from filing, leaving you stuck with unmanageable debt.

Additionally, you want to avoid taking money out of any retirement accounts in order to pay debts or put money aside for after your filing is complete. Your retirement accounts are an exempt property category and you’ll be glad you have that financial cushion down the road.

When filing for bankruptcy, you’ll want to ensure that you’re working with a trusted lawyer to get the best outcome. And remember, as stressful as this process is, filing for bankruptcy is about getting your life back on track.

You’ve had some hard times, but you’re being given a chance at a clean slate, and it’s important to take that seriously.

 

If you are considering opening a bank account because you’ve started a new job or because you want to receive and deposit money rather than keeping them stacked in your house, then you need to know the difference between bank account types. In this article, we will be comparing three types of bank accounts, which are current, savings, and business bank accounts. In general, bank accounts will differ in the purpose they serve and money accessibility.

Current Accounts

Current accounts can also be referred to as transactional accounts or checking accounts. They are used for both deposits and withdrawals. You can access your money at any given time via ATMs, traditional and electronic cheques, debit/credit cards, and direct withdrawals at the bank. And you can also deposit money directly or using any other electronic means.

Current accounts are characterized by liquidity. They would normally allow you to make numerous transactions. But apart from this, these bank accounts don’t offer many additional features. Some banks may offer rewards on purchases.

Many options fall under the umbrella of current accounts including, student accounts and joint accounts, which offer similar features.

If you are thinking of opening a bank account that will allow you to make purchases, pay bills online, and make other financial transactions then a basic current account would be a perfect choice.

There are few things to consider when opening such accounts including, minimum deposit and balance requirements, maintenance, and other banking fees.

Savings Accounts

Have you put some money aside for emergencies, or maybe you are saving up for the future? Regardless of your goal, you need to consider opening a savings account to deposit that extra money in.

Savings accounts are designed to hold money that you don’t plan on spending at the present time. The cool trick here is you will gain money by just depositing your money. How? Simply via interest and annual percentage yield, which can vary between different banks.

But unlike current accounts, a savings account can’t be used to make regular transactions, purchases, and pay bills. Actually, some savings accounts won’t allow you to access your money until a designated date that is agreed upon when opening the account.

And even when you can access the account, you will be limited to several withdrawals per month, and if you exceed that number, you will pay a fee. But that shouldn’t stop you from opening a savings account as it has many benefits. With savings accounts, you will have a safe place to keep your money while also gaining more money with no effort. You will be prepared for any emergency, and you can also leverage additional benefits offered by banks, e.g., cashback, discounts from certain stores, and more.

When opening a savings account, you need to take some points into consideration including, minimum balance, number of withdrawals per month, interest rate, and additional fees.

Business Accounts

If you are an employee who receives salary deposits, then you won’t be interested in a business account. But if you are a business owner then opening one is a necessity.

Opening a separate account for your business will help you to separate personal transactions from business ones. Which will help you manage your business’s cash flow and spending, calculate taxes, and measure any earnings or losses in a precise way. Banks will also offer some special conditions on these accounts which facilitate your work.

To choose the best business account, make sure you look carefully into interest rates, charges, and the availability of electronic transactions.

 

 

 

In your search for an established and reputable debt settlement company, you keep coming across the name National Debt Relief. You’ve learned that it’s accredited, handles a wide array of debt, and gets great customer reviews. But can you trust National Debt Relief? Read on.

What’s Debt Relief?

Just so we’re clear, it’s when you pay a company to make deals with each of your creditors to let you make a one-time payment in full for less than what you owe to resolve your debt. Such creditors – mainly credit card issuers – usually go along because they know they’ve lost out if you file bankruptcy.

How Does it Work?

At National Debt Relief and most other legit settlement agencies, you’ll be asked after you enroll to make monthly deposits into a dedicated escrow-type account that you control. Once you’ve saved enough cash – the amount will be based on your income and other factors – the company will attempt to negotiate settlements with each of your creditors. The settlements will be paid from your account.

At National and top competitor Freedom Debt Relief, the program usually lasts between 24 and 48 months. You’ll likely get your first settlement within a few months, however.

Can You Tell Me More About National?

Well, the company has been around since 2009 – a veritable lifetime in this age of suspect fly-by-night firms that soon succumb to their malfeasance.

Also, National Debt Relief is highly accredited: it’s a member of the American Fair Credit Council and the International Association of Professional Debt Arbitrators. Again, more in this industry than some others, accreditation is key. Trust is important.

Do Customers Like National?

In fact, National Debt Relief has overall excellent customer reviews. The BBB gives it an A+ rating, and TrustPilot and Consumer Affairs give National ratings of 4.7/5 and 4.9/5, respectively.

This should tell you that, overwhelmingly, this is a program you can trust. Check out actual National Debt Relief reviews for even more assurance.

What Kind of Debt Does National Debt Relief Accept?

It accepts several different kinds of unsecured debt including credit cards, retail cards, medical bills, business, cellular phone, gas cards, personal loans, repo balances, and some judgments. It does not deal with secured debt – debt attached to collateral such as a car or house.

Whatever kind of unsecured debt you have, it needs to come to at least $7,500.

Will National Debt Relief Hurt My Credit?

No, National Debt Relief won’t, but the “process” of debt relief will knock your scores down — temporarily. Once your accounts are settled, and your spending is under control, your scores will begin to rebound.

And remember, your scores haven’t been great in quite some time.

How Much are National Debt Relief’s Fees?

National will charge you, upon each settlement, between 15% and 25%, and you’ll end up saving around 30% of the original debt.

Another reason you know you can trust National is that it is transparent about its fee structure and is willing to answer any questions at any time about it. The company will also never ask you for fees upfront — before it has settled a single account. Doing otherwise is illegal, by the way, but many scam companies try it.

Must I Pay Taxes on Unforgiven Debt?

The answer typically is yes, the Internal Revenue Service generally considers any forgiven debt over $600. However, you may be exempt if you’re insolvent. It’s worth checking in to.

Now that you know you can trust National Debt Relief, what are you waiting for? Get going on your debt today.

 

 

Gambling restrictions are helpful mainly to the players. This is because you can control your betting habits and, as a result, avoid becoming an addict. The restrictions on gambling are spreading fast, and they will likely be in almost every part of the world. There are several reasons why gambling restriction is likely to become global.

Improvements in technology

Technology has played an integral role in making gambling a universal activity. You can use your phone or computer to gamble from almost anywhere. As a result of this, even people who are under age are joining gambling sites.

The restrictions spreading into different parts of the world will help control gambling more effectively. People who are not qualified to gamble will not have a chance to participate since they will be detected easily. Consequently, children and other vulnerable members of society will be adequately protected from the adverse effects of excessive gambling.

Tax collection

Gambling websites and casinos are required to pay taxes like any other business. However, some online casinos try to evade paying tax by using different illegal methods. But with gambling restrictions, all gambling platforms from different parts of the world will have to pay tax without failure.

Some of the gambling restrictions put in place in different parts of the world require casinos and online gambling platforms to keep records of their dealing. This helps the tax authorities know the different casinos’ revenues and therefore know the tax those particular platforms are supposed to pay. You can get more information on the gambling tax on this home page.

Increase in the number of online casinos

The number of gaming and gambling has also increased significantly. There are thousands of online casinos that give people opportunities to gamble conveniently. The increase in casinos means that they need to be regulated and controlled by putting up effective gambling restrictions.

Restrictions ensure that all the casinos are following the set rules in their dealings. This primarily protects the players from casinos that might be using some unethical methods to make money. You can get more info here regarding the restrictions that will be controlling the online casinos to know whether the casino you are using is genuine.

Final thoughts

Therefore, the globalization of gambling restrictions will help streamline the gambling sector around the world. The primary beneficiaries of these restrictions will be the players who use different gambling platforms. You will have peace of mind when gambling because you will always know that you are gambling in a casino that follows the set rules.

 

The process of buying, selling and trading securities varies wildly across individual markets and asset classes, from derivative instruments such as currency to more secure stores of wealth like stocks.

However, financial trading across all of these asset classes should be considered as technical processes, and one that can be simplified considerably by having access to the best and most relevant technologies.

But what exactly are the innovations that will help you to become a trader? Here are some of the best examples:

• Your Trading Device – Smartphone or Desktop?

Let’s start with the basics, as you’ll have to access modern markets and trading platforms though a handheld or desktop device.

Smartphones have arguably become the most popular trading tools in the modern age, especially as mobile penetration rates have increased incrementally across the globe. Mobile phones also allow for more convenient and accessible trading, without compromising on the various trading platforms on offer (we’ll touch on this further below).

However, those of you who operate at a more advanced level may want to leverage a desktop trading platform, which offers far greater processing power and makes it possible for you to run detailed technical analysis platforms on a daily basis. Certainly, if you target numerous markets and process considerable amounts of data before executing orders, a desktop trading platform will be best suited to your trading.

Of course, many investors adopt a hybrid approach as they continue to scale their efforts organically over time, as both devices can be used to achieve different objectives and optimise market accessibility in real-time.

• Technical Analysis Platforms

We’ve already spoken about technical analysis, which is essentially a technical discipline utilised to evaluate specific financial instruments and identify viable opportunities in relevant price trends and patterns.

This is based on the fundamental premise that historic trading activity and price movements can offer an insight into future fluctuations, and it can prove incredibly valuable depending on your precise trading strategy.

Fortunately, you can access a wide range of technical analysis platforms, which offer access to a diverse selection of indicators that can be used across several markets.

One of the best entities within this space is eSignal, which is incredibly popular and boasts one of the most advanced charting platforms in the marketplace. This is widely used by advanced and professional traders too, so it’s highly recommended.

• Automated Trading Platforms

As you do evolve your efforts and become a more experienced trader, you’ll most likely begin to diversify your interests and invest in a broader range of assets and markets.

However, as your trading activity levels rise and your positions become increasingly leveraged (particularly when trading derivative assets such as currency), you should consider using automated trading platforms that rely on advanced algorithms.

Such platforms automate the process of buying, selling and speculating on assets in real-time, allowing for more efficient trades and potentially optimising your profits over time.

At the same time, automated platforms utilise tools such as stop losses, which automatically close positions once they’ve incurred a predetermined level of loss.