Advanced trading platform in India
The 21st century differs significantly from previous centuries in the development of internet technology. Real-life has been fully reflected in the virtual plane. Modern technology is greatly expanding human capabilities and is also speeding up many processes.
For instance, thanks to the internet, we can now communicate with people in every corner of the globe in a few seconds. We can find out any information or even take formal training online. Order a taxi, book a hotel, buy a plane ticket, order food for home or office, buy clothes, sell unwanted items; the list is very long.
The same goes for investing. We can now invest with just a computer (or tablet or mobile phone), internet access and a few dollars for a seed investment. In addition, brokerage firms worldwide have developed unique online platforms for investing that can be used to access all exchange transactions from the comfort of our homes.
How online trading is done, what an online investment platform is and how it functions, how to start trading, how to choose an advanced trading platform in India - we will try to answer all these questions in this brief review.
An online investment platform is a unique trading software developed by a broker that provides the potential investor with access to all transactions in the stock market. Generally, this software is called a platform because this software is available on all possible gadgets. There is both a web, a mobile version and an application for an electronic tablet and the like. In other words, by registering on the platform, you will have access to stock market data anytime and anywhere, 24/7.
An online platform replaces a physical stock exchange. It is, therefore, an essential tool for trading financial assets online.
That is why it is so important to take the time to choose a perfect software for trading. Investments made on a virtual level are genuine. And the risks, especially if you don't have much experience, can be high.
To minimise the risk of loss, focus on those platforms known for their reliability and functionality. Also, give preference to those with a transparency policy and offer newcomers the opportunity to test, discover and learn before you get started.
The online platform is your virtual broker or financial intermediary in the investment market. Therefore, when choosing a brokerage company that provides this platform, find information about the broker itself:
- Experience in the brokerage market.
- Feedback from market experts and experienced traders.
Due to the high competition in the brokerage services market, the brokerage companies, trying to gain trader's trust, develop more and more new functions and possibilities of the trading systems, improving them constantly. Thus, advanced trading platforms with many valuable functions, opportunities, informational rich and functionally convenient appeared on the market.
An advanced trading platform is not just a "buy" and "sell" operation. An advanced trading platform is:
- tools for in-depth and comprehensive market analysis;
- up-to-date and comprehensive information;
- free training via video tutorials;
- opportunity to practice for free in a demo account;
- user-friendly interface with the possibility of personalised settings;
- wide range of financial instruments and access to different markets;
- the possibility of information exchange with other market participants in the interactive chart on the platform;
- the ability to exchange information with other market participants via live chat;
- 24/7 technical support.
Below we will consider the main characteristics of advanced trading software.
How to get started? Registering and opening accounts on the platform
Advanced trading platforms are characterised by simple and easy registration. To register on the platform, you will need to:
- visit the website of the brokerage firm;
- visit the "registration" section;
- fill out a simple registration form, specifying the minimum set of data (user name, email, sometimes mobile number);
- confirm the registration in a standard way by sending a link to the indicated email (or a code sent to the indicated mobile phone number).
It is also possible to register through social networks. You will see the relevant icons on the registration page.
Advanced trading platforms allow for initial registration on any gadget you can register in the mobile app and then log in to the desktop version or vice versa the sequence does not matter. All your data and transactions will be automatically and instantly synchronised.
Using a demo account
The advanced trading platform provides a demo account for hands-on training.
The system automatically credits this account with a certain amount of fictitious money so that you can carry out your first test transactions without the risk of losing real money. In most cases, the amount of fictitious money in a demo account is large enough to cover various test operations. But if it turns out that your practice operations have been unsuccessful, and you do not have enough fictitious money, you can quickly resume them and try again.
The importance of a demo account cannot be overstated. It is the same as a live account. Only the difference is that the live account already contains real funds. So when you use a demo account, you can see how the platform works: how to buy or sell stocks, activate one or another option, and so on.
At the same time, you are not risking your funds. But, of course, you cannot withdraw money from your demo account.
Advanced trading platforms offer a demo account, which fully replicates the real account, so you will have all the quotes, functions, and tools to practice from the demo account.
Convenient settlement transactions
The convenience of settlement transactions, such as deposits and withdrawals, is another feature of advanced platforms. For real trading, you can only use a live account. To activate a live account, you only need to fund it with at least the amount set by the trading software. A good trading platform allows you to fund your account via several methods of your choice. This can either be a bank payment card or any internet payment system available on the platform. Advanced platforms cooperate with well-known payment systems, so everyone will find a convenient way to fund your account. With the same methods, you can then easily withdraw your funds from the platform's account.
Accessibility of financial markets
Advanced trading platforms provide a good selection of financial instruments and are adapted to deal with different financial markets. You can choose to trade stocks, cryptocurrencies, binary options, or combine several financial instruments to better overall results. Depending on which asset you choose, the system will offer you different tools for analysis and trading. The most popular financial instruments are:
- Stocks. Speculate on the stock prices of advanced global companies such as Microsoft, Tesla, Google, Uber and others.
- Binary options. Get up to 90% profit in minutes by predicting the price behaviour of an asset.
- Crypto-currency. Invest in the most popular currency of the 21st century.
- Forex currency market. Trade on the most volatile market, creating a profit on the exchange rate difference.
- ETF funds. Diversify your earnings with a ready-made equity package in the form of an ETF fund.
- Invest in commodities (oil, gold).
In addition to choosing which financial markets to operate in, advanced trading platforms are tailored to specific markets and provide excellent and efficient tools to trade these assets.
Investing in shares
An advanced online stock trading platform gives you access to stocks of world-renowned companies. You can easily find global market giants such as Google, Microsoft, Tesla, Pfizer, Alcoa, Netflix, Nvidia and so on. Use CFDs, thus investing in an asset without actually buying it. Once you have chosen a company, you will have access to comprehensive information on the current stock price, a chart of share price movements, trading hours and historical share statistics. You can analyse a company using technical analysis indicators or the economic calendar. You can analyse any time frame from a few minutes, seconds or even up to several years. When trading stocks, you use different alerts for price increases or decreases, which can be set up through advanced platforms. You can also use the pending order and multiplier functions; these features are discussed below.
Binary options market
Binary options are one of the most commonly traded financial instruments. The possibility of making substantial profits, the relative technical simplicity in opening a deal, and the high profits makes binary options very popular.
Advanced trading platforms offer a wide range of assets to trade options on shares, commodities, and currencies. You will have access to information about the asset, indicators for analysis and the option to create alerts. Also, pay attention to expiry times advanced platforms have a good range of deal lengths, from a few minutes to a few hours or even a day.
Trading in the forex market
Advanced forex platforms for trading offer you the opportunity to trade popular currency pairs or choose exotic currencies.
An advanced trading platform will provide you with everything you need for quality currency trading, from access to fundamental forex research to analysing short-term news events or technical analysis of currency pairs on charts.
The availability of indicators commonly used in forex trading, as well as a forex calendar, will help you predict the market situation and plan your actions.
Choose your chart type, create alerts on rising or falling currency prices, take advantage of multipliers all these functions are available to you on an advanced trading platform.
Despite periodic collapses and difficult predictability, the cryptocurrency market remains one of the most followed financial markets by investors. Many economists believe that paper money will disappear altogether and be replaced by electronic money in the future, meaning that the essence of money will remain unchanged. Still, its form will change: money will move into the realm of virtual reality. The place of cryptocurrencies in modern monetary theory is still debated, but in practice, virtual cash is becoming the currency of the global economy and its financial markets.
What do advanced trading platforms offer in online cryptocurrency trading?
A good selection of cryptocurrencies, the ability to set stop loss and take profit, the ability to use a multiplier to connect leverage, create an automatic notification of price changes, select a chart type, use indicators for analysis.
Online commodity trading
Investing in commodities has always been popular in the classic version of investing. Commodity markets are markets in which certain commodities or raw materials are traded and which are formed into separate commodity groups, such groups include non-ferrous metals (copper, tin, lead, zinc, aluminium, nickel). These commodity groups are non-ferrous metals (copper, tin, lead, zinc, aluminium, nickel), precious metals (gold, silver, platinum), energy (oil, gas, fuel oil, coal), forest products and a wide range of agricultural products of plant and animal origin (meat, dairy products, wheat, sugar, coffee, cocoa, rice, corn and soy).
Advanced trading platforms offer trading in the commodities market. Generally, the most popular destinations are investing in gold or oil. Quality and reliable platforms provide you with a brief analysis of each commodity so that you can choose the best option for your investment. In addition, an advanced commodity trading platform will give you full access to all the necessary analysis and trading tools that we have mentioned several times above.
Investing in ETFs
In simple terms, an ETF is a basket of stocks assembled on some basis. That is, when you buy a share in an ETF, you are effectively buying shares in all of the companies that make up that ETF fund. Thus, when you buy shares in an ETF, you can invest in stocks and bonds of companies, real estate, commodities, currencies, and more. There are approximately 6,000 ETFs available today.
Advanced trading platforms offer a good selection of ETF funds, allowing you to choose the sector you are interested in investing in. Then, check out the statistics of the selected fund, study the ETF analysis offered by the platform, apply indicators and analyse sector developments for your own forecasts. An advanced trading platform will help you with all of this.
Advanced trading analytics software
Investing is not always easy. Advanced platforms make investing more straightforward and more efficient with easy-to-understand analysis tools.
Depending on which investment method you choose, either fundamental or technical analysis will help you predict the market situation.
Fundamental analysis is based on the study of all macroeconomic factors that have a substantial influence on the price movements of basic commodities, securities and currencies.
Fundamental analysis should show the main directions of the market price changes, or as financial analysts call them, trends. In other words, the fundamental analysis includes both economic evaluation of a company's activity, the situation in the industry, and natural phenomena, world economy news, political news and even natural phenomena. Modern platforms are equipped with a news desk, through which you will have access to valuable up-to-date information about the latest market events and thus be able to make correct assessments and forecasts.
Technical analysis is a set of tools that investors use to make value predictions. It can be used to predict the future value of any asset, such as currencies, shares, futures, commodities or fixed-income securities.
The primary purpose of technical analysis is to track trading signals. Having gathered enough statistics about the past behaviour of an asset, you can predict what will happen to it in the future. Experienced traders use this tool for identifying transitions between trends in the market. Technical analysis indicators, which are available on the platform, help traders to identify a trend. Using them is easy: select the indicator you need from the toolbar and activate it. The indicator chart is displayed on top of the price chart, showing a clear market trend. Advanced platforms allow you to use one or more indicators simultaneously, combining them in different variations.
Easy-to-use trading tools
Another distinguishing feature of advanced trading platforms is the abundance of handy trading tools.
The most popular among traders are so-called stop orders.
A stop order is an instruction to the broker to close a position when the price reaches certain levels.
In other words, you can set stop-limit orders so that your transaction will be automatically closed by the broker without your involvement.
You can specify an upper limit, known as a take profit, at which the trade will be closed when the price rises to a specified level. Take Profit is used when there is an assumption that the cost of an asset can increase to a certain level, but there is a fear that such a trend will not last long and you will not have time to "catch" it. Or the trader will not follow the chart at that moment.
The lower limit of the transaction, or stop loss, is set to indicate the maximum level of decrease in the asset price, at which the transaction should be closed so as not to incur significant losses. In this way, the trader can protect his operations a little.
Other benefits of advanced trading platforms
In addition to all of the above benefits, advanced online investing platforms also offer you the opportunity to customise the software using flexible settings. By accessing the 'settings' section, you can immediately appreciate how well you can customise the trading software to suit your own needs. For example, advanced trading software allows you to choose the background colours and charts, the number of windows displayed on the screen, the size and position of those windows. You can also select the types of charts shown (candlesticks, lines, bars, Heikin-Ashi) and even the keyboard shortcuts to execute specific commands quickly.
On advanced trading platforms, you will find a learning section with quality video tutorials. Studying the video lessons, backed up by hands-on experience on a demo account, will help you quickly understand trading principles. Advanced platforms offer an online chat room to chat with other market participants. Sharing practical information, tips on trading will be helpful for every trader, especially for beginners.
Of course, the technical support service on such platforms is available 24/7, and there is an opportunity to choose a comfortable language of communication.
By following these characteristics, you can choose the best among the trading platforms in India and get a successful start in online trading. So open a demo account today and evaluate the software for yourself - it's free!