It’s certainly easier now than it ever has been for private individuals to trade in the financial markets. Once you have an internet connection and an easily downloadable trading app, the major obstacles are already behind you. However, you wouldn’t say a twelve-year-old boy is ready to drive his father’s car just because he grabbed the keys from the kitchen cabinet. The power to drive is reserved for those who have the skills to do it responsibly, (in this case, the boy’s parents). Similarly with online trading, the power to trade is really meant to be handed over to those who have acquired the requisite skills.
This is the ethos behind iFOREX’s signature trading platform, because it’s designed to build up your knowledge of the financial markets and your trading skills in an ongoing process. And this applies whether you’re an old hand in financial trading or a novice. A financial trader is not a finished product, but a work in progress.
For those who have started engaging in the process, iFOREX offers a powerful trading platform, complete with trading signals, live rates, and sentiment indicators. The app also hosts an array of over 750 CFD instruments that can be traded in short or long positions. In this article, we’ll open up some more of the app’s special qualities for the benefit of those who may be seeking out an online trading platform.
CFD Trading
With iFOREX, you can open either “buy” or “sell” deals on company shares, stock indices, cryptocurrencies, ETFs, commodities, and forex pairs. The tradable instruments on the platform are CFDs (contracts for difference), which mirror the price movements of financial assets. Therefore, if you open a “buy” deal on the platform for bitcoin, you wouldn’t be buying any actual bitcoin, but rather entering into a contract with the brokerage that stipulates you should be paid a certain amount in the event bitcoin prices rise (within a fixed time period). You could equally open a “sell” deal on bitcoin if you had reason to believe its value was due to drop. In this case, earnings would accrue to your account in the event prices actually fall.
Trading Stock Indices with iFOREX
Stock indices are closely watched by financial traders because they are good gauges of the performance of segments in the market. In the case of the S&P 500 index, the performance of America’s 500 largest companies is represented. When it comes to the FTSE 100, it’s the performance of the top 100 businesses in a certain geographical area in Europe. The NIFTY 50 Index (India 50) tracks the 50 strongest companies in India, ranging across sectors from pharmaceuticals to financial services to fertilizers. Trading in the India 50, (or the Japan 100, or the Australia 200) with iFOREX means you are taking a position on the future movements of that index, whether up or down.
Deposits and Withdrawals
Just to say a word about making deposits and withdrawals with iFOREX: In order to make deposits as straightforward as possible, iFOREX allows both online and offline methods, with options including bank wire, credit card, debit card, and eWallets. No commissions are charged.
When you want to withdraw your funds, all that’s needed is the uploading of a withdrawal request. After this is done, you should soon see the money appear in your account. The step-by-step process is clearly described on the iFOREX website.
Setting Sail with iFOREX
Whichever trading platform you choose, it absolutely must be regulated by an official body that ensures all its procedures fit in with legal standards, and that your funds and personal information are properly guarded. iFOREX are licensed by the British Virgin Islands Financial Services Commission and the Cyprus Securities and Exchange Commission (CySEC). They are also a respected name in the business that have been around since the early days of online trading, back in 1996.
The iFOREX platform is unique in that it was built in-house from scratch in order to meet all known client needs. It is regularly enhanced and updated by the developers, and always with the focus on improving the trader’s experience in terms of power, speed, and choice.
You’re welcome to try it out with the use of iFOREX’s free demo account in order to get the feel for it without any financial risk. In general, iFOREX’s loyal client base praise its simplicity and speed, as well as its wealth of high-tech trading indicators. You’ll also enjoy a stream of relevant, up-to-date financial news and market analysis. Once again, the aim at iFOREX is not simply to connect you with the financial markets, but to steadily build you up into the best trader you can be.