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Backtesting means the process of testing a trading strategy on historical data to assess its accuracy. Technical traders often use this to test trading strategies to find how it is likely to perform in the real market.
Choosing the right broker is one of the most important decisions every trader has to make. It will determine whether your trading funds are safe or at risk. A regulated broker is one whose activities are monitored and controlled by a local regulatory authority to prevent any fraudulent activities or excessive risk-taking by the broker. Unregulated brokers are usually associated with financial fraud. Send us a message if you need help choosing a licensed, regulated broker for your trading activities.
Trading is simply a process of buying and selling. You buy financial assets, such as currencies, indices, or stocks at one price and then sell them at a higher one making a profit from the price difference. To engage in trading, you need money, as it is essential for buying or selling assets. In trading, money is the tool you use to make more money. The minimum capital required to begin trading is $100-$200
Learning to trade proficiently takes an average of 3-4 years for individuals doing it on their own, mainly due to the complexity of mastering trading techniques and the trial-and-error approach which often leads to financial losses. Working with professionals can significantly reduce the learning period to 6-12 months, saving both time and money that would have been lost due to insufficient knowledge.