Trading Preparation For Beginner Traders
Deciding to trade requires careful preparation because trading has a very high risk. If you do not have preparation in trading, you will experience losses when trading. Therefore, traders, especially beginners, must have preparation. What are the things that must be prepared?
1. Platforms
The first thing that must be prepared in trading is the platform. Most people only know metatrader, even though there are various kinds of online trading platforms. Metatrader is indeed the most popular trading platform in the world, but each broker can provide more than one platform. Some other platforms even contain more advanced technology than metatrader.
Online trading platforms can actually be divided into 3 types, namely first, web-based trading platforms that can be accessed through a regular browser. Second, the platform is in the form of software that can be downloaded and installed on a laptop/pc. Third, the platform is a mobile application that can be accessed and installed on smartphones and tablets.
In addition, traders must also prepare to use what pairs to use when trading. The pair used must match what you want to trade, not because you follow people.
2. Broker
The second step that traders must take is to choose a broker. Brokers need to be prepared in trading because now many traders are scams. The number of scam brokers makes traders lose, it cannot even be denied that many traders lose all their property because they are tempted by the sweet promises of the brokers.
Broker is a person or company that intermediaries transactions between investors or consumers with the capital market. Brokers have more experience and knowledge of trading. For commercial transactions, especially those involving high value goods such as gold, silver, and important documents via the internet, it is safer to be supported by broker services.
The role of the broker is as an intermediary between investors or clients with the capital market. The broker is fully responsible for the execution of sales and purchase orders made by investors. One of the functions of a broker is to conduct capital market analysis, make recommendations to investors based on stock analysis, such as economic and market analysis, the reputation of the owner's company and other relevant information on the capital market. The more recommendations given, the higher the reputation of the broker.
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