As a new trader, it would not be a wise thing to start investing real money into the market directly because the market (whether it is stocks, bonds, indices or foreign exchange) works on a complex mechanism, which cannot be understood without practical experience.
In order to reduce the risk associated with trading marketing, BetonMarkets trading platform is an ideal option since it gives a chance to new traders to understand the trading tactics and techniques before they can actually step into it. This becomes possible through an online registration of a virtual account into the BetonMarkets trading platform.
The virtual account allows you to buy and sell currency within the account limit of $5 until $150,000; the currencies available for trading include Dollar, Pounds and Euros. The BetonMarkets trading platform creates your virtual account for free and gives you access to forums and the trading floor. The forum allows you to interact with other more experienced traders and learn from their experiences; remaining active in the forums can help you a lot about the Binary Options Strategies.
BetonMarkets Trading Platform gives four wager options for more experienced traders. These include double bets, expiry bets, stop bets and boundary bets. These wagers can be used as per the needs; in order to reduce the complexity of the trading platform; the wagers have been further divided into subcategories in which you are allowed to make a bet under the target price.
While trading on the BetonMarkets trading platform, a good financial leverage can give you a big edge against risk faced in the market. This is especially true for gaining short-term benefits when the market is showing a bullish trend. Be sure to keep a constant check on the market indicators in order to ensure that your decision of placing a buy order or a sell order is accurate. Of course, there is also a certain degree of risk involved but investing in different currencies can reduce this risk to a very large extent.
Bet on Markets Trading Platform tools give you a chance to place an entry order automatically as soon as the trader enters the market. This gives you a greater opportunity to make a good return in case the market is bullish; along with this, the tools also have the option of a stop loss order to minimize your loss when the market conditions are not so favorable. A stop loss order sets a minimum price level at which the foreign currency should be sold i.e. It is the minimum amount of loss you are ready to bear.
While trading on the Bet on Markets trading platform, you need to realize that a certain degree of risk always exists which is associated with your own decision making abilities and to a certain extent to your luck as well. So be ready to take this risk if you really want to earn some money and double your investment in a reasonable amount of time.