Becoming a trader who buys and sells currencies (trading) has become a new lifestyle for millennials. Of course, as a trader, you need a trading application or brokerage service to carry out forex trading activities.
One of the factors that determine the success of a trader is the forex broker they choose. Why is that? Because the selected broker is untrustworthy and irresponsible, then the broker may make your investment money away.
There is a large selection of the best forex trading platform for beginners. Without a trading platform, one cannot enter the forex or Foreign Exchange market. Just like you cannot browse or surf the Internet without a reliable Internet connection. The companies that provide this platform are called brokers, and there are many companies on the Internet.
But how do you know which broker is an official trading partner?
Choosing the best forex broker for beginners is not easy, especially for beginners. This is because different brokers and trading platforms have different interests. In addition, each has a different product, account type, and mode of operation.
Know the criteria for the broker you need
There are lots of forex brokers in this world. For example, you like to trade using scalping, but it turns out that your broker charges large spreads, making it difficult to make a profit. Or, you like trading using robots, but your broker doesn’t provide a suitable platform for robots, so it ends up crashing.
If you are still a beginner, you don’t know what trading system to use, and you still often try; then you can use the following three criteria:
- Low minimum initial deposit (under 500 Dollars).
- Allows all trading systems.
- Provides the Metatrader trading platform.
With only these three criteria, you can already set aside a lot of brokers whose facilities are not suitable for beginners. However, you can also add other criteria if you already understand forex terms, such as low spreads, commission-free, swap-free features (Swap-Free), and so on.
For novice traders, it is actually recommended to open a demo account first, so that they can practice using virtual funds (not real money) provided by the broker, without having to spend their own money. The demo account opening process is very easy, it can be done online, and there are no requirements.
ForexTime FXTM is an application that can perform forex trading automatically. In fact, this application has been used by traders in more than 180 countries, you know. That way, you no longer need to doubt the trustworthiness of this trading application. ForexTime FXTM is a secure software for foreign exchange trading.
Interestingly, this trading application is designed for both professionals and beginners. So, it can reach various groups. However, this leverage is only offered based on your knowledge and experience.
Now, you can operate with fixed and variable spreads. Then, when you have completed the trade, the company will process the withdrawal request in just a few minutes. Then, you also need to upload verification documents and transfer funds before trading.
This software can trade with millisecond execution. In another feature, you can also get comments from the company’s market research team every day. Apart from that, you can also take advantage of a range of free trading tools to make more informed decisions. It has features that will provide market analysis from experts so that you can make the right trading decisions.