So, you have decided to try your luck in online trading. Many people turn to online trading when they are looking for a way to earn some additional income. When done right, online trading can help you earn a substantial income. However, this comes at a price of the time that you invest in your setup. The first thing that you need to do as a trader is to find a brokerage firm that is right for you. Not all firms suit everyone and this is because all traders are different.
As a new trader, this may be a difficult task because you don’t know where to start. Being an experienced trader, I have a recommendation that I believe would have made my early days as a trader much easier. The brokerage firm that I am talking about is Genesis11. This firm provides a lot of useful features that I will be discussing in this article.
Features Of Genesis11 For New Traders
· Algo Trading
The Genesis11 Trading Platform provides you with this futuristic trading method of Algo trading. Algorithmic trading is a way of trading with computer codes to exit and enter trades when the time is right. This feature is especially useful for new traders as they may not be able to predict the outcome of their investments. Using chart analysis and other data, Algo trading provides you with the best investment decisions. You can use this feature to trade even when you are not available yourself by setting your limits and conditions.
· List Of Assets
Now, when you are a new trader, it is best to get exposure to all the different markets that are available for online trading. This allows you to understand how to invest in different assets as well as helps you kick start a diverse portfolio. The tradable assets that Genesis11 supports include forex, metals, indexes, energies, stocks, ETFs, and cryptocurrencies. This wide range of options is a great way to understand the different market conditions.
· CFD Trading
CFD trading is among the best things that a broker can offer you. CFD stands for Contract for Difference where instead of purchasing an asset, you sign a contract for it with the brokerage firm. This is a great way to trade as keeps your investment capital inflow and provides you with opportunities to invest in multiple assets at a time.
Genesis11 provides you with this great feature of CFD trading. You can be involved in multiple investments at a time and keep your liquidity high simultaneously. The great thing about CFD trading is that it allows you to reach your financial goals at a faster pace. For new traders who do not have a lot of investing capital, CFD trading is a treat.
· Trading Platform
Now, you should pay special attention to the kind of trading platform a broker is offering. This is because all your actions as a trader will be done on this platform. Genesis11 offers a great trading platform that is very easy to use and maintain. The trading platform is a web-based platform which means that it can be accessed from any device that supports an internet connection and a broker. The Genesis11 WebTrader was developed using advanced technology and is regularly updated to remove any errors or glitches to provide a seamless trading experience. It carries all the necessary tools that are required for trading effectively in different markets of ranging volatility.
· Regulations
Genesis11 is a fully regulated brokerage firm which means that a third party constantly monitors all of its activities. A regulated firm is one that you can trust without a doubt of their legitimacy in mind. The third-party that is mounting the firm makes sure that it is not doing anything suspicious. If any doubtful acts are suspected, then the concerning authorities are immediately informed.
Final Thoughts
If you are a new trader, then you should definitely consider signing up with Genesis11. This firm offers a user-friendly platform and reliable customer support services, both of which are important for new traders.
