I can talk to you about brokers for hours over hours. That’s because I have been a part of the online industry for nearly a decade now, and during this time, I have tried just about every type of broker out there. You see, when you become a trader, you have to take quite a few risks right in the beginning. You cannot really think about trading unless you are prepared to take risks. However, the risks you take should be related to you trading in financial markets. You should not be taking risks when it comes to signing up with an online trading platform. That’s just not the right way to go about it.
You have many online platforms that provide you with trading, but you have to pick the one that can address your needs in the best possible manner. If you are someone looking specifically to trade cryptocurrencies, you will hardly find a broker as good as 24trading. I think this online firm has been a great inspiration in the market not only for traders but also brokers to become better at trading and trading services than before. What makes this online trading platform so special will be clearer to you when you read about 24trading.
|Assets||Forex, CFDs, Cryptocurrencies|
|Trading Commissions||From 0.87%|
|Deposits||Bank Wire Transfer, Credit Cards, Online Payments|
|Account Types||5 (Explorer, Basic, Silver, Gold, and Platinum)|
|Welcome Bonus||Up to 150%|
|Platform Availability||Mobile, Desktop, Tablet|
24trading – A Complete Review
· A Trading Platform Purely for Modern Trading Needs
You can’t think about trading in the modern world unless you are provided with the right trading platform. As a new trader, you might think that the trading software is only about placing orders and waiting for your asset to touch the price that you have predicted. However, that’s only a very small part of what you can expect from the trading app. Your trading platform helps you in every way when it comes to trading. You have the trading platform giving you access to a variety of charts and analytical illustrations to help you with your trades. Now, you can only use these features when the platform is easy to use.
In addition to that, you can expect your trading platform to give you access to a variety of tools that are supposed to help you predict the prices of the assets. Look at the economic calendar, which is the most common trading tool that you will get access to when you sign up with online brokers. This tool is supposed to provide you news on all the important news that can affect the assets that you are trading. Now, when you sign up with 24trading, you have to know that you will be trading cryptocurrency primarily. You have to know a lot about digital coins and their current condition in the market to trade them with profits.
In the case of 24trading, your trading platform will travel with you wherever you go. If you are thinking about trading from the office during your lunch break, you should be able to do that without any issues. On the other hand, you should also be able to know about the market conditions at any point you want through easy analytical methods, graphs, charts, and much more. When you have the right trading software, you get access to all of that without any problems.
With this trading platform, you will have no issues of compatibility no matter which operating system you are on. Keep in mind that the software you use for trading can have different issues with different operating systems. You should not be worried about this problem though because 24trading provides you with a platform that works greatly on any device, smartphone or computer in any part of the world.
· Trade CFDs
How you trade assets matters a lot in the modern world. You see, there was a time when you just traded the asset as is. If you wanted to trade an asset, you just invested your money in it and buy or sell it. If you sold it, you were supposed to buy the asset on the date of the maturity of your contract. If you purchased an asset, you were stuck with it until you sold it to someone. Today, things have changed greatly. You have online platforms like 24trading providing you with a way of trading that you might not have experienced before. With 24trading, you will be trading CFDs.
CFDs are contracts for differences. When you trade them, you trade very differently from how you trade any other asset on the market in a traditional way. This is the modern way of trading in which you don’t have to own the asset when you trade it. Instead, you agree to trade a particular contract that you can buy or sell on a particular date. This allows you to trade money without ever owning the asset that you are seeing on your screen. If you sell a CFD contract of an asset, you have only sold that contract. You can’t say that you sold the asset on the market.
When you sign up with an online broker that provides you with cryptocurrency trading, you also have to consider the benefits you are getting with it. The first benefit that I would like to tell you is that trading CFDs comes with a lot of bonuses for you. For example, the leverage that you will get on your CFD asset will be much higher than what you will get in conventional markets while trading traditional assets. One of the most distinguishing factors of this type of trading is that you can trade from any device. It will seem as though you are trading only one asset but on the same trading platform, you will be trading hundreds of different assets from different financial markets.
· Trade Cryptocurrencies
For modern traders, nothing matters more than a chance in the cryptocurrency trading world. They want to be able to trade cryptocurrencies without putting too much on the line. They have many other resources available on the internet that they can use for trading digital assets. However, the problem with these resources is that they are purely about trading digital currencies, not about facilitating this activity. On the other hand, you will feel facilitated when you trade digital coins with 24trading. This firm has put in great efforts to bring you a safe online platform for trading cryptocurrencies without any worries at all.
In my experience, I have usually noticed that most online brokers are still holding back from going full on into the cryptocurrency market realms. The problem for them is the volatility of the market. It should be understood at this point by every trader in the world that cryptocurrencies make up a very new market. More importantly, they are trying to give a huge jolt to the way the world currently operates in terms of the transfer of money and the transaction of money between parties. For that reason, it has caused not just a ripple but a tsunami in the financial world. For this reason, the market is still quite volatile and you have this idea in your mind right from the start when you begin trading digital currencies.
So, saying that trading cryptocurrencies is risky is just like saying driving is risky. Of course, both activities require some level of risk. However, when you take huge risks while trading cryptocurrencies, you get huge rewards as well. As a result, you should be thinking about investing your money in a variety of cryptocurrencies. If you can distribute your risks well and get some profits out of a few trades, you can make a lot of money as a cryptocurrency trader.
· Trade with Big Profits
It is one of the first things that you have to check before you agree to sign up with an online broker. What you have to make sure is that you make enough money from your trades that you get something out of the whole exercise. You don’t want to put your money on the line and risk losing it only for nothing. The most important thing is that you trade with profits. That’s where you have to know what amount you will be spending as a fees for using the online trading platform. You have to keep in mind that this amount has to be spent at any cost. That’s your online trading platform trying to do business.
When you trade, there are many ways for online firms to charge money from you. They can either go with the spread model or the commission model. In the spread model, you will have to pay a small amount to the trading service provider every time you enter a trade. How does that happen? Well, what happens is that the amount you pay for buying an asset is not the same as the amount you get for selling the same asset. There is this small difference in the two prices. It is this difference that goes out of your pocket and helps online brokerages run their businesses. Now, the important question is how much money you will be spending in this format?
Well, you will be happy to sign up with 24trading based on the fact that you will not spend more than 0.82% commission on any trade. Even more important is to know that this amount will only be due on you when you have confirmed a position. You will not lose anything or pay anything to the company you have signed up with unless you confirm a position. When you confirm a position, the amount that will go out of your pocket will never exceed 0.82%. With such a small commission, you can be sure that the large part of the profit you make on your trades will go in your pocket.
· Feel Secure
Trust me, I have been there and I know that trading without the sense of security is not what you want to do. When you trade, there are certain risks that are outside the boundaries of trading. They are more related to how the internet works and what the digital world has become with the passage of time. You have predators online that can put your money in danger if you don’t take necessary precautions. As a trader, you don’t have much to do to protect your money. When it comes to depositing money, you can just choose a method that seems safe to you. In addition to that, there is nothing you can do to protect the information that you have to provide on a website.
So, what do you have to do to make sure that you trade with a sense of security? Well, all you have to do is to sign up with the right online broker. If you have signed up with the right one, then the firm will take care of your security automatically. The first thing you will notice is that any website that takes personal information from customers and is serious about security will always have proper SSL security in place. This particular security protocol ensures that every piece of information that you enter on the website gets encrypted. Encryption converts all your information into a code that no one can understand even if they get unauthorized access to it.
As a result, you want to sign up with online brokerage firms only when you are sure that they will protect your information. You will be happy to know that 24trading has proper SSL security in place to protect your information. In addition to that, the firm will also protect the money that you deposit in your online trading account. 24trading will put your money in segregated accounts to make sure that it is following the online trading industry standards that ensure the safety of traders from all around the world.
· Get Proper Education
I would like to take this opportunity to stop you from making a huge mistake that many new traders make. So, what happens is that when you sign up with online firms to trade, you usually forget that you have to learn trading. You think that the basic knowledge of how profits and losses work is enough for you to trade. At the same time, a small portion of your knowledge consists of supply and demand. Yes, these factors do affect the markets eventually, but there are so many other factors that you can’t base all your decisions on these factors and think that you will always trade successfully.
In addition to that, you also have to make sure that you can trade in all sorts of conditions. For example, you might think that you can only trade when the market conditions are great. However, the real traders come into action when they see the market going down. They don’t follow the trends. Instead, they are the ones who give rise to new trends. It is not something that you can’t do. You just have to learn the advanced techniques of trading so you can make it big even when the market conditions are not great. That’s where the brokerage you sign up with is going to help you.
In this particular case, you have 24trading to your rescue. If you need information about trading, the firm will give you all the information that you want. The brokerage company has made sure that it has enough material to teach everything about trading, from introduction to advanced trading strategies. You can learn through videos or ebooks, that’s your choice. Eventually, you will never feel that you are trading with only the basic knowledge of the industry.
· Have a Bookkeeper by Your Side
Do you know you can have a bookkeeper by your side when you trade with 24trading? That’s something only a few online companies have understood. It is a big need that many traders have today and you have to make sure that you find the right company that takes care of this need from you. You see, when you start trading, you will never be sure about your trading decisions. No matter how many tools you use or how many signals you have in front of you, the shakiness will still be there when it comes to pulling off the trade. That’s because you are doing it for the first time.
Can you really improve this situation? How will you improve this situation if you don’t have anyone by your side? That’s where the services like bookkeeping come into play. I can tell you that many online brokerages are still completely unaware of this particular idea. However, when you sign up with 24trading, you will know that there is a bookkeeper that the broker has dedicated to helping you with your trading decisions. Once you have such a professional by your side, you will instantly feel confident in your trading decisions. This will help you trade more and more and learn trading in no time.
Within a few days, you will notice that you know a lot about trading. This is only possible when the company you sign up with is willing to provide you with such great services. In this particular case, yes, you are getting this service from your online trading services provider.
· Start with a Small Budget
Whether you are an employee who does not have a lot of savings right now or a student who is still in the phase of getting into the practical life, you can trade today. Whether you will be able to trade or not comes down to the company that provides with these services. There are some that won’t even consider you an option. You can see that from the way they have designed their trading account types. In many cases, you will not be able to sign up only because the company has put a huge limit on the initial deposit that you have to make. The initial deposit is what lets you enter the trading world with an account that allows you access to all the trading facilities.
Is there a possibility for you to start small? Or do you have to spend a lot of money only to try some trading? Well, you will not have to do anything that you don’t want to do when you sign up with 24trading. This company has made sure to create a system in which you will feel free. You will feel that even a small amount in your savings is enough for you to start your trading career. If you look at the basic account from 24trading, you will notice that there is a limit of only $3000 for you to start with the basic account. Deposit this amount and you will get access to professional charts and all the assets that you want to trade.
Even if you are someone who does not want to start with a basic account, you will not have to spend a lot of money to go with an advanced account. The next account on the list is going to require no more than $5000 from you to start it. So, with such a small amount, you can trade with peace of mind with a safe online broker.
24trading has put a lot of effort in creating an online trading platform that traders will love no matter where they are from. You will feel safe while trading on this platform and also get all the facilities to make as much profit as you want to make because of the commissions that are not even 1% of your trading amount. So, pick the right account, learn some trading, and go on the journey of making money from home.