Which are the best trading apps to start trading? Is it OctaFX, XM Brokers, FX Brokers, Expert Option, or IQ Option?
What is best app to start trading?
This is the very first question raised. That tell us how to use OctaFX, How to work in XM Brokers Is IQ option good or not? How to do withdraws and deposits into it?
These are the questions that people ask when they are about to start trading. Basically, this question is wrong that " What is the best trading app?"
your question should be like:
" Which is the reliable Trading app"
If you really want to start Forex trading or you want to start such trading in which you can generate profits by selling/buying. You must have to learn first that how you should do a technical analysis?
The movement of the price, Bullish trend, bearish trend, prices will go up or down, which factors will be involved in it. You need to understand these things, first so that you can have market knowledge. At least you should know
what are the currency pairs. For example you have any country, so in which country you want to trade. How to trade in particular timings.
Let's say you have 100 dollars and you want to trade with that 100 dollars If you go to any trading platform, How much risk should you take? You should have an idea where you have to put the stop loss. Because what is important in
the trading? To manage your risk. That you at least not get wasted your savings until you know the market trends How does indicators works. When you have to take position when you have to enter into market And when you have to take
exit so that you can get profit.
Because it is like a business that you can
hit good profits or you can get loss also. So how would you use this Stop loss technique. Besides these factors After analyzing the price movement,
and taking good grip on technical analysis. After then Fundamentals are important many reports come from different countries about employment, inflation, and GDP.
For example, how to tackle updates of
Rusia and Ukraine by seeing their situation. Which can hit Oil, Crued Oil, or Gold, so you have to see here that how the basic things of the fundamentals can have an impact on
this particular market. And how the technical analysis will impact And when we merge the
fundamentals and technical analysis And then we take entry with this emergence, how will it benifit. Then we will be known that this news or update may have this type of impact And then using the technical analysis we made a complete analysis.
And then decided to take an entry to the market at particular currency pair we should or shouldn't take the entry, by seeing market whether it will go up or down, we can take our position accordingly.
For this purpose if you use any app,
Your question should be "What are reliable apps"
For example whether it's IC Market, XM, or Octa FX you see that there are some apps that have
issues with deposits or withdraws which are very important to be noticed, you can see people reviews on this. Go and study their reviews
further look for their license. Because these apps are basically intermediary part acting as a broker.
As direct entry in the forex is not possible, you need a broker to enter the market. So you must have to notice this that, you must have market understandings And enter in the market after
knowing the reliability of apps.
The person who asks that they want to work with a particular app. I can guarantee you they hit big losses with 1000% surety. Because they don't know how to work in a market or how market operates. So it's a request to all that
do understand the market first And then go for trading apps or trading platforms. After understanding the market completely make your demo accounts and do practice on them, and must find your mentor who can provide you full
support in the stock market. If you have taken an
analysis so he can review it.
And tell you that you can hold this position or not. Who can guide you about entry and exit time and then as your experience grooms, you can be the best in trading on your own.
So the purpose of this post was to
tell you about your question that is wrong that "which are best trading apps?" It should be "Which trading apps are reliable" And whether you have the idea about forex trading or capital markets or not. You can't get entered in the market besides.
