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4 Best Day Trading Platforms for Beginners 2022

TradeATF 

TradeATF or Global TradeATF is a 2013 started brokerage firm and operates under the investment firm, Bayline Trading Ltd, which is a Belize regulated company. The firm is licensed with IFSC (International Financial Service Commission) having regulation number 000188/91. Note that the Global TradeATF is also the official sponsor for Argentina National Team.

There are in total 350+ trading instruments with significant assets from shares, commodities, indices, crypto, and currency pairs. There are three varied account kinds provided by the broker, segregated to different kinds of traders.

 The Meta Trader 4 trading platform provided by the company is suitable for both mobile and computer users. The platform offers robust features like one-click trading, scalping, hedging, nine-time frame charts, and many more.

The account opening process is an easy three-step method, which requires verification documents. You can contact the TradeATF team from Monday to Friday, 12:00 to 02:00 GMT.

101Investing

101investing is a trading website and a trade brand name of FXBFI Ltd, which is a Republic of Cyprus based investment firm. The organisation is licensed with CySEC (Cyprus Securities & Exchange Commission) under the license number 315/16 and is also a member of ICF (Investor Compensation Funds). However, unfortunately, the broker doesn’t provide services to the US, France, African, Asian, and some other country clients.

There are more than 250 CFD trading instruments available with 101investing, including currency pairs, crypto, shares, commodities, indices, and more. Further, to trade these assets, there are several account types, including silver, gold, platinum, professional, Islamic, and one free demo service account.

101investing also offers the MT4 trading platform and outstanding education & research library, which includes many tools. Note that the firm's customer support is life. Thus from Monday to Friday, 07:00 to 17:00 GMT through email, phone, live chat or contact us form.  

XTB

XTB is one of the most well-recognised currency and CFD trading websites, working now for more than 17 years in the industry. The firm was started in 2002 in Warsaw, Poland, where it has its current headquarter, and now is operating in more than 15 countries including Turkey, France, Germany, UK, and more. 

XTB bears licenses from top financial bodies, some of which are CySEC, Financial Conduct Authority, IFSC, KNF, CMB and many more.

The venture provides several trading instruments from varied markets and in total, has 1500+ assets. The maximum margin available for trading is 1:500, spreads start as low as 0.03 pips, and the minimum deposit is $0, all of which can vary as per the account type. You can contact the XTB team through their 24/5 customer service.

XTB also is running a cashback offer for a limited period as their promotional strategy.

Swissquote Bank

Swissquote Group Holding Ltd. is a pioneer investment & trading products and service provider in Switzerland. The firm is publicly listed on SQN (SIX Swiss Exchange) for the last 20 years and currently employs around 662 people. 

Swissquote Bank Ltd, one subsidiary of the group, provides financial trading services and holds a banking license issued from FINMA too. There are four segregated account types, namely, Standard, Premium, Prime, and Professional, offering services at no commission except professional accounts.

Services by Swissquote are endless, which include free demo accounts, multiple language support, 24/7 customer support, an excellent education library, an impressive research portal, and many more. A user can trade via mobile, desktop, or web, where both Meta Trader4 & Meta Trader5 are available. The firm has won several recognitions and awards for its excellent services over the years.  

So, these were the top intraday trading websites. All the platforms mentioned above are safe and regulated and provide the best quality services to users. However, while one might not suit beginners, others might not be a good idea for professionals. 

For instance, Swissquote is a fantastic website for advanced-level traders but charges relatively more, which is not suitable for beginners. ABinvesting and 101investing are two notable brokerage firms for novice traders.

In our next and last chapter, we’ll conclude all our chapters, thus, all the knowledge we gathered throughout the course.

[fxlearnpro]

Is Forex Trading Legal In India?

Forex Trading is frequently marketed as an investment strategy since it allows traders to generate consistent gains. Commodities, as well as assets such as equity and stock, can all be traded. Currency is another commodity that is regularly traded around the world. Foreign exchange markets are where currency trade, often known as FX trading, occurs. […]

Forex Trading is frequently marketed as an investment strategy since it allows traders to generate consistent gains. Commodities, as well as assets such as equity and stock, can all be traded.

Currency is another commodity that is regularly traded around the world. Foreign exchange markets are where currency trade, often known as FX trading, occurs. A foreign exchange trading platform is the most frequent way to trade FX, where an individual trader wagers on whether a specific currency will grow or fall versus the local currency.

[fxlearnpro]

Is Forex Trading Legal in India?

The USD, GBP, EUR, and JPY are the only four currencies that can be coupled with the INR. Unfortunately, many forex trading sites are still prohibited in India. This has ramifications for markets such as Binary Options, which are absolutely unlawful to trade.

The optimum time to trade forex in India is determined by the currency pair you are trading. Make sure you know when the markets are open.

To begin forex trading in India, prospective traders must first create an account with a regulated Forex broker or dealer after conducting their due diligence. After you’ve completed this stage, you’ll be able to trade on a variety of currency pairs.

Traders can undoubtedly make money, but don’t expect to get wealthy overnight. Knowing the markets and the risks you’re ready to take is critical to your forex trader’s success. It is equally necessary for both trading platforms to secure this trading firm’s risk.

More at: Is Forex Trading Legal in India?

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What is the best way to learn forex trading (besides reading forex websites/blogs)?

You can get to a point where you don't agonize over every decision and instead trade with confidence. You might even find forex trading enjoyable and fascinating if you devote enough time to studying the market, acquiring trading tactics, and honing your instincts.

Here are the points to consider for learning forex trading:

Research and Study about Financial Market:

You must realize that the large earners made history in trading because they carefully examined their target currencies and performed wisely.

Trading requires research and market analysis, and there are numerous free resources accessible online to help with this.

Fair Forex also has a telegram chat room where you may communicate with other traders. You'll have access to these when you open an account with Fair Forex.

Choose a Reliable and Trustworthy broker.

Although affordability is important, it's also a good idea to consider a broker's trust rating, reputation, trading platform reviews, and currency pairings available.

As you study and explore forex trading with a legitimate broker, you may learn to develop a preference for certain currency pairings whose movements you find easier to forecast.

Open Demo Account and Practise to Trade

For FX trading, I strongly advise you to open a Demo account. If you register with a fair Forex broker, you can open a "demo account" to gain hands-on experience selecting pairs, and indicators, reading data and finding and predicting market movements.

Start with a small Investment.

If you're afraid, start small, but if you've rehearsed enough with your demo account, you'll feel more confident making bolder moves and taking more chances.

Expect to make mistakes on your first trading day, but make sure your stop-loss orders are properly set up, so your bank account doesn't suffer.

Final Thought

You must invest resources in forex trading and invest time and effort in understanding the market and learning how to trade. There are no shortcuts, and you may have to work harder than the others if you have no prior experience or knowledge.

More at: FXlearnpro.com

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