5 Trading Tips for Beginners
Starting out in trading forex can be very daunting and overwhelming. It is easy to lose your way and get weighed under all the information that you come across. The best thing you can do for your trading and your sanity, take it slowly.
Here I have put together 10 basic points (that I wish someone had told me before I started trading!)
When starting out, chose a broker which offers its clients an excellent educational programme, such as Vantage FX. Vantage FX is an Australian based, award-winning forex broker, which provides clients with a comprehensive educational programme including articles, videos, and free webinars.
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Trading with Option500
Option500 is a binary options broker based on the Tradesmarter technology. The broker is basically situated in the Domenica Repuplic and London, UK. Option500 offers a wide asset index containing Forex, Commodities, Shares, and Equities.
Option500 offers a single account type which can be funded with $250. The fund methods include cards and bank wire.
-Bank wire and credit/debit cards ( Visa, MasterCard, and Maestro)
-$250 minimum account
-A free practice account is available
The Option500 platform is easy-to-use and provides the classic High/Low Options, Option Pairs, and the innovative StrategiX trading mode.
The platform incorporates a built-in Social trading app, which can be used for sharing and joining positions and strategies.
Option500 traders can change their view on any chart using the “View Selector”. In addition, important information is listed along with any financial asset, including volatility and the market sentiment. Finally, traders can also adjust their basic dashboard to keep their favorite financial assets always on their trading screen.
With Option500 Mobile App, you can follow trends in real time.
Risk-o-Meter and Other Features
These are some key features:
The payout rate of any position can be adjusted using the “Risk O Meter”. This tool helps traders to set their individual risk acceptance.
Diversified option types
Double up feature
Sell back feature
Charts showing volatility and the market sentiment