InvestingViews.net Forex tips: how to choose your account type08 / 08 / 21 Visitors: 704
When you start Forex trading, the first thing you need to do after gaining the initial theoretical knowledge is to open your account with one of the many brokerage companies such as InvestingViews Forex broker. The choice of a worthy broker is a necessary issue, so we will only say that you need to be extremely careful in your search. Concentrate on broker reputation, trading conditions, as well as methods for deposit and withdrawal of funds, and you will surely find exactly what you need.
Registering is easy, since all emails and registration forms work almost instantly. With an InvestingViews broker, all you have to do is find the company's official website on the network (InvestingViews.net), open a trading account, and you can safely start working. The process for registering an account may be different for each company, so it is best to know about it in advance.
Brokers usually have several types of accounts, which provide access to the market but have differences in both technical and financial characteristics. Depending on the account, access to various services provided by the company may also vary. Therefore, it is important to pay attention to those details as well.
InvestingViews offers the following main types of accounts.
InvestingViews Broker accounts
Company does not provide demo at the moment, so a real account shall be opened. Placing a trade order consists of several stages:
- the broker receives a trade order and under the trader’s will adds appropriate leverage to it, due to which the trader's profit is increased;
- the application is combined with the applications of other system participants;
- the transfer of orders for trading is carried out.
Ultimately, the result is distributed among the participants according to the parameters of each order.
Today this system is outdated and starting to change, so the broker only performs two main functions - provides leverage and performs some simple mediator actions. Thanks to this, the speed of execution of orders and operations increases, the quality of services improves.
InvestingViews broker Basic Account
It is the easiest account that InvestingViews Forex broker strongly recommends to open first of all to all novice traders. Basic account allows you to practice your skills with minimum investments.
The basic account for trading opens when you invest at least $250. You can also get personal bonus but that’s what you need to discuss with your manager. Thanks to this, the user gets the opportunity to make sure that the quality of InvestingViews Forex broker's services is at the level declared by the brokerage company.
Why do you need a basic account? First, it allows you to feel the atmosphere of trading and learn its basic rules. Secondly, on such accounts, many experienced traders test tools and strategies. They “test” them before launching them into real trading with larger investments.
How to avoid mistakes
The broker can warn a beginner about the mistakes and loss of money at the first stages of work.
Most common newcomers mistakes: InvestingViews Forex Broker advises to avoid
Working with no investment strategy.
When making transactions on the exchange, you must have a strategy for constantly successful trading – and that means, that your gains shall overcome your losses at all times. Without this, transactions become rash, which always leads to failure in the world of trading and investment.
Diversification, or practice before theory.
Some beginners choose a good direction for investment, or at least they think so. But in the case of rash actions and a market fall, this approach can lead to a total loss. Therefore, it is necessary to distribute your investment portfolio among several assets all the way from start – and keep it this way even if a part of portfolio starts to grow rapidly. It will allow you to keep your money and always remain in a stable financial condition.
With emotional ups and downs, people tend to commit rash and impulsive acts. That is why the broker InvestingViews recommends you to participate in trading on the stock or Forex exchange only in a stable emotional state, when you can stay fully focused and, with a clear view, weigh the pros and cons of each decision.