Before I tell you more about the trading platform that I have chosen for the review today, I would like to talk about the term “minimized risks”. If you are a new trader, I can reckon you might assume a few things. So, let me clarify that minimized risks don’t mean “no risks”. You are still taking a risk when you trade and your investments can be lost. This broker that I am about to review only puts in efforts to minimize those risks. I will explain in this FinuTrade review how this company does that.
It is not a miracle. If the company that provides you with trading services really understands what trading is all about, it can help you in a variety of ways.I know there must be some other great platforms for trading, but when it comes to making the trading journey safer, I don’t think you will find a better option. Let me explain to you the point that I am trying to make.
This is the feature that I would like to talk about first. So, when you start trading, you open a trading account, and put your money on the line with your first trade. If your calculations are not right, you can lose the money that you have invested. Is that really a great way to start things? I know it is not. That’s why, this company has introduced the feature of risk-free trades. Yes, if you pick the right account, you can enjoy some risk-free trades as soon as you sign up with the company. This feature is not available yet for beginner-level traders, such as those who open the bronze and silver accounts.
However, if you go with the gold account, you will have access to this feature at a limited level. So, with the gold account, you can have one risk-free trade. What it means is that you can trade, and even if you lose the trade, you lose no money at all. Now, isn’t that something that new traders will really love? I wonder why other companies have not thought of having such a feature more often.
I do believe that the company should look into this feature yet again and try to improve it. What I am trying to say here is that, for me, the personal assistant feature is great and should be available to some level for new traders as well. At the moment, you will have to sign up with the gold account to access this feature. Keep in mind that the gold account can only be opened when you maintain a minimum amount of 50,000 EUR in your account. Once you do, you will have access to the personal assistant who will help you with your trades and put you on track to successful trading.
Their job is to guide you in the right direction based on your resources and requirements. They make you successful and consistent traders from day one. With the gold and other successive accounts, you get this feature for free.
Imitating Other Expert Traders
If you are going to a new place, you would want to ask people who have been to this place about the ways and routes. So, when you sign up with the company for trading, you should look for people who can help you with your trades right from the start. That’s where social trading comes in. In the modern world, the concept of social media has become very popular. When you are trading, you can get in touch with other trades, and once you know they are great at trading, copy their trades as well. That’s social trading for you at its core.
As a trader who is just starting, I would like to tell you that your focus should be on minimizing your risks just as much as it is on earning profits. Once you have that aim, I am sure you will find interest in the features provided by FinuTrade.