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ESCFD Trader
Ready to Become a Trader? You can Begin Your Journey with the Official CFD Trader Platform!
EXPLORE CFD TRADER!
There are endless reasons why you may have decided to begin trading. However, some of the most common reasons are:
The reasoning behind getting into trading doesn't really matter. The truth is that trading can be an exciting exploration that holds thousands of different possibilities that are yet to be discovered.
As previously mentioned, trading can be classified as a basic economic concept that's been around for hundreds of years. Trading can be seen as the act of exchanging goods and services. Generally speaking, these exchanges can be conducted in two different ways:
While this is quite a broad trading concept, online trading is equipped with a slightly different approach. When looking at the 'online' variant of trading, you're basically conducting trades on different financial instruments instead of a good or service. These financial instruments may be various forms of assets, like currencies, commodities, cryptocurrencies, and NFTs.
When starting to trade, you're going to need to follow a few basic steps. These steps include opening a trading account, studying the fundamentals of stock markets, creating a trading plan that incorporates these fundamentals, as well as practicing in a demo account to hopefully help improve your trading skills and apply the knowledge you have learned.
However, the most vital element when starting to conduct trades is to do the proper research. The stock markets are forever evolving, which makes it difficult to keep up with all of the information being generated. You may find yourself experiencing some issues in understanding the behaviors of the market you're trading in if you don't take the time to read and implement new information on the market conditions.
The possibilities within the trading world are endless. Various platforms provide you with the ability to trade on the majority of assets currently available on the market.
You may be confused about which assets may help you best achieve your trading objectives if you're just starting in the trading world. Below you will find information pertaining to the most frequently traded assets to better understand the assets you can trade on.
Commodity trading revolves around energy commodities, metal commodities, agricultural commodities, and many more. When trading on commodities, you're mainly going to be dealing with oil, gold, as well as other agricultural products. This particular type of trading has been around for a number of years and focuses on the primary economic sector.
Cryptocurrencies are a recent addition to the trading world and can be described as digital assets that aren't tangible, as these don't exist in a physical form. In addition to this, cryptocurrencies may be easily transferred and obtained from anywhere in the world.
In order to trade cryptocurrencies, you're going to have to speculate on the cost a specific cryptocurrency may reach in the future and then conduct a buy or sell order on this suspected value. It might prove to be incredibly challenging to select a particular cryptocurrency to trade on at first, as there are hundreds to choose from.
Nonetheless, if you're just starting in the cryptocurrency trading world, you may wish to go with the most popular options. These include Litecoin, Ripple, Ethereum, and Bitcoin.
Trading on Foreign currencies is part of the traditional assets. These assets include CAD, GBP, EUR, and USD. When conducting trades with currencies, you're essentially making these trades in currency pairs. An example of these currency pairs would be that whenever you're going to be conducting a currency pair, you're going to essentially place a buy or sell position on different currency pairs. When trading on currencies, you're going to find that some of the most popular currency pairs are USD/JPY, USD/CAD, and EUR/USD, as well as many others.
Online trading was established in 1972. This resulted from the National Association of Securities Dealers (NASD) programming a piece of software that was designed as the first electronic stock market on the planet. This was known as the National Association of Securities Dealers Automated Quotations (NASDAQ).
As you can imagine, there have been many changes to trading methods since then. Back when online trading was still a new concept, the NASDAQ primarily worked with floor trading. This was when people collected into a room and shouted bids.
Trading grew in popularity as people started executing trades on their phones. This led to more efficiency being brought to the trading methods available. Phone trading remained popular until the 1990s when the internet started gaining traction as a better method of conducting trades without losing a lot of time.
One of the most important elements making up any trading platform is its features. You may try all the useful features CFD Trader is equipped with. One of the features incorporated into the platform include:
The team understands that hidden costs can be extremely frustrating. They’ve encountered so many platforms with hidden fees and don't wish to be another. That's why the developers have chosen to operate with absolute transparency. This means there are no fees or hidden costs for using the platform. It is generally free to sign up, trade, or withdraw your available funds.
However, it is important to note that your account manager might choose to charge a nominal fee for their services.
It's imperative to be able to effectively manage your money on any platform. However, some platforms make the withdrawing and funding processes extremely drawn-out and possibly confusing. That's why the team streamlined all these processes so that they’re easy to understand and conduct.
The majority of traders choose to do their trading sessions on a computer. This is because it's a robust and comfortable device that allows you to keep track of all the information coming in from the trading market. However, not all users have a laptop or computer that's available for conducting trades. Thus, restricting the platform's use to only laptops and computers would make it inaccessible to some traders.
To combat this, the developers have ensured that CFD Trader can be used on any smart device with a browser and access to an active internet connection. This includes smartphones and tablets. As a result of this, you can trade on the platform with a smartphone, tablet, laptop, or computer.
Moreover, you're also able to use the platform on different devices. This means you can have a primary as well as a secondary device for you to conduct trades. This is a useful feature for those who are constantly moving around but still need to have access to their trading account constantly.
The team’s recommendation is to use a computer as a primary device and your phone as a secondary device. This is likely going to provide you with the most comfortable experience you can have while trading on the platform.
However, you shouldn't worry if you don't have a laptop. Yes, a laptop or computer would be the ideal option. However, the platform was designed so that you don't miss out on trading opportunities if you're using a smart device instead.
You can rely on the platform’s robust interface to effectively help you conduct trading activities. The team paid close attention to the finer details making up this platform. The main goal was to offer an effective user interface that's going to help you to hopefully make better decisions, as well as learn the fundamentals of trading. In having these features, you’re provided with a feature that allows you to conduct trading and try to improve your trading skills on the fly.
The registration process was designed to be as straightforward as possible. This way, you can spend more time trading and less time dealing with the process of setting up your trading account.
To start enjoying all the possible benefits that the platform has to offer, all you need to do is sign up and start trading. You can just follow the steps listed below.
You’re only asked for a very limited amount of basic information to ensure your security and safety while using the platform. Some traders wish to register and trade without entering any basic information. Unfortunately, the platform can’t accommodate these traders, as it goes against the platform’s policies and is an unsafe and unethical way of conducting trades.
If you wish to sign up for the platform, you're going to need to fill in your contact information. This is to send you a verification email with the details you need to access your account. To get started with the registration process, you're going to need to provide:
Make sure to also choose a strong password and accept and agree to the Privacy Policy and the Terms & Conditions.
Next, submit the form to receive a verification email. Click on the link, and you’ll be connected to your broker’s website, where you can enter your login credentials and be redirected to the platform.
Once you have successfully verified your account through email, you're going to need to fund it, then devise a trading strategy to start live trading. It's in your best interest to take as much time as you need while conducting this stage.
This is the stage where you're going to need to make an investment. This is the money that's going into your live trading account and is used to fund your trades. It's important to note that the platform doesn’t have control over this money; you do.
It’s understandable if you’re anxious to start trading and want to rush through all the steps in order to get there. However, taking your time to explore the platform and do the research is the surest way to hopefully improve your skills over time. This stage is arguably one of the most important ones, so dedicate some time to set up your account properly.
You don't need to worry if you're a beginner without any previous experience in trading, as the platform is going to lay out all the information you need to analyze the market and its fluctuations. Plus, you can always share your trading preferences with your account manager, so he / she can notify you when possible viable trades arise that match your goals.
Finally, you can start trading on CFD Trader while you keep developing your trading skills. Just make sure to start slowly and responsibly, as trading can be a risky business. You can start with smaller trades until you feel more comfortable, and never invest more than what you can afford to lose.
It's common to have doubts about any service. Many users have very similar concerns about trading platforms. Below you can find a few of these concerns and the answers to them to help you shed light on the topic and clarify any worries you may be having.
Yes, you are able to use the platform. CFD Trader was created for every type of trader. As the platform is equipped to adjust to these varied skill levels, it doesn't matter your skill level. However, every feature on the platform was designed with beginners in mind. The platform carefully explains each element so that those who don't have much experience can easily get on track.
In fact, CFD Trader has been formulated in such a way that it's excellent for beginners because it serves as a vehicle for these traders to learn the trading fundamentals more effectively and with stress factors that are commonly involved in traditional trading.
Additionally, professionals can also use the platform as a method of saving time in their live trading sessions. As professional traders, the team understands that trading can be incredibly time-consuming. That's why the team has incorporated a user-friendly interface that can help you manage your time more effectively.
You’re not required to pay for using the platform. The only amount you're going to need to pay is the investment you wish to make. This investment is what you're going to use to fund your trades and is completely yours.
When using the platform, you can rest easy knowing that there are no funding, registration, or withdrawal fees. In addition to this, you're also provided with the ability to manage your money in any way you feel appropriate.
The only time you might need to pay is if your account manager chooses to charge a nominal fee for their services.
The primary difference between assets is the specific thing you're trading, as well as how you're choosing to trade on it. On the other hand, when it comes to currency trading, you're essentially placing buy or sell positions on one currency against another. This activity is known as 'Currency Pairs.'
Crypto trading is also different from the asset mentioned above trading. This type of trading involves trading on the cryptocurrency itself, basing its cost on what its future value is going to be.
Overall, each asset is slightly different when trading. However, when using the platform, you're provided with the ability to easily tell each asset's difference. This is because the team conveniently lays everything out in the platform’s user interface.
