A quick glance at what the Libertex platform has to offer
Forex trading has seen a steady rise in popularity in recent years. Even in the wake of the volatility caused by the COVID-19 pandemic, people seek new opportunities by trading on the financial market, which has never been more accessible thanks to modern tech trading platforms.
Increasingly sophisticated online trading services enable anyone to become a trader from the comfort of their own home. Long gone are the days of having to call your broker during business hours to check your portfolio. With several exchanges now boasting sleek smartphone apps, everywhere from the living room couch to the subway commute can be an opportunity for trading 24/7 in a global market that's constantly on the move.
The younger generation is already used to having an app for everything-shopping, moving, groceries, traveling, dating, etc. Now trading is just as easy. But this doesn't change the risk involved to ordinary people. The same tech platforms that make it so attractive to take the plunge into trading should also take responsibility for making sure that new traders know what they are getting into. Not only should users be able to easily understand the interface on their screens, but they should also quickly grasp the fundamentals of how the market works, and how to make good decisions in trading.
From beginner to expert
Libertex is one such trading platform that has made its mission to equip new traders with all the information they need to become experts. With over 20 years of financial market experience, Libertex has long been at the cutting edge of the development of the forex market and a major player in the finance industry.
Libertex was already well known for its industry-leading platform MetaTrader 4, which is preferred by advanced professional traders and investors. But Libertex's founders want to make trading financial assets accessible to everyone. The company's other platform, simply called Libertex, does just that.
Available on the web or as a smartphone app, Libertex offers 24/7 access to over 240 financial instruments, including currencies, stocks, ETFs, oil and gas, metals, and cryptocurrencies. This makes it especially suited for the modern trader who needs to manage a diverse portfolio in today's fast-moving international market. Like many popular new trading platforms, Libertex attracts new traders with zero spreads and high leverage. But what makes it stand out is its commitment to the education of its users.
The Libertex web terminal, including news & signals
The importance of education
There's always going to be risk involved when trading in financial markets. It's part of the excitement of trading itself. But you won't be able to win in the long term if you don't learn how to play the game, and anyone who doesn't put in the effort is bound for disappointment.
Price charts, indicators, signals, and oscillators to help users identify market trends and future currency price shifts. But all the trading tools in the world won't help someone who doesn't know how to use them effectively. Technical aids also work in hand with mindset training-developing the discipline, patience, and judgment necessary to be an effective trader.
Sadly, not many traders seem to be doing their homework. According to a 2019 survey by Forex School Online, 58% of traders have either not paid for any education, books, trade testers or simulators, or have only bought EA's/Indicators. 47% did not pay for any education or tools at all! There is, of course, a wealth of free advice or resources online, but it isn't convenient to have to gather all the information from multiple sources.
The potential knock-on effects of a lack of education can have severe consequences. Take the tragedy of Alex Kearns, who committed suicide after (according to his relative who works as a financial analyst) misinterpreting the financial statement from his trading app, Robinhood. It's clear that trading apps have a responsibility to communicate simply and clearly to their users, and offer them the necessary training to understand how the market works.
The best training in trading
Libertex's main strength is that it is easy to understand from the get-go. The UI on the app and web terminal is simple and user-friendly, but the advantages of the platform are much more than just ease of use.
Not only does Libertex provide the best technological tools for trading, but also the knowledge resources that new traders need to use them effectively, free of charge. This takes the form of an extensive education program for beginner traders including webinars, stock market news briefs, and FAQs.
Just to start with, Libertex's education program covers the basic fundamentals of trading, explains how to use multipliers responsibility, stop loss and take profit, and how best to use particular assets. All with reference to the app interface so that the end user can see exactly how it will look for them. Libertex also offers a fully functional demo account for prospective traders can practice on, using all features at no risk to themselves.
This article was submitted by Libertex.
Libertex's in-app video training program (web version)
Combined, this repository of knowledge contains all the information one needs to learn best practices and make the good use of the diverse asset classes offered by the platform.
Since its founding in 1997, Libertex has won over 30 prestigious awards worldwide. Recent accolades acknowledging Libertex as a finance industry leader include ''Best Trading Platform'' at World Finance magazine's 2020 Forex Awards, ''Best Trading Platform 2020'' from European CEO magazine, and the dual award of Best Trading Platform and ''Best FX Broker, Europe, 2020'' by Forex Report. The awards consistently praise Libertex for its ease of use, responsive multi-national customer support, and extensive education program.
We would encourage anyone interested in retail trading
to register with Libertex and take advantage of
their education program to learn best practices. This goes for experienced
traders as well as beginners. Libertex's knowledge repository is
ever-expanding, with new tips, news, and training materials being added all the
time. The biggest mistake one can make in life is assuming that one has stopped
learning.
