The stock market definitely offers something to everyone but it takes time to learn how to buy and sell on the market. Learning some of the basic trading strategies, as well as trading terminology, will be of great help to better understand the current situation on the stock market. There are several types of traders according to the trader’s personality, and knowing them in advance can help you find the one that best matches your personality. The internet has opened the market for new investors, both experienced and novice, who want to trade online using the online trading platforms in UK.
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Type of Traders and Personality Types
The fundamental trader, for instance, concentrates on the company’s events and tries to find the right moment to invest or trade. They are more the-buy-and-hold strategy type of investing than short-term trading. Unlike fundamental traders, noise traders put their focus more on short-term investments rather than making decisions based on data specific to the company. The sentiment trader, on the other hand, finds the latest trends and participate in trading according to them. Market timers base their predictions on the stock market and decide in which direction it is going to move.
Factors to Consider When Choosing Online Trading Platforms
When it comes to online trading platforms, choosing the one that best matches your needs should be based on several factors. Firstly, clients need to find out whether the platform has been licensed and regulated under a regulatory body. Secondly, trading costs is another factor that needs to be taken into consideration. It’s a good idea to go with brokers who have more customer-friendly rates. Thirdly, the ease of withdrawals, the level of complexity of procedures, the level of transparency, the smoothness of the transaction processing, etc.
Platforms that are simple, easy to use, and customer-oriented should be your first choice. Last but not least, Customer Support also plays a role in choosing the platform where you should start trading. No matter what type of trader you identify with, online trading platforms on the market are definitely optimized to meet the trader’s needs the best possible way. Here are some of the best trading platforms.
AVA Trade
AVA trade is a very popular platform for trading in the UK as well as the international market. The trading platform is an app that makes it easy to trade, buy, and sell stocks on the international market. The trading platform has been optimized for both Windows and Mac versions. It has all the needed technical analysis tools that are just right for the app trader. AVA Trade is licensed by a number of regulatory bodies in finances, like ASIC, FSA, FSRA, ADGM, as well as the Central Bank of Ireland.
eToro
eToro is the perfect trading platform for the novice or busy traders who don’t have the time to do the market analysis. The platform also provides users with trading lessons, trading directions, and how they can learn from the best traders on the market. This trading app is available for download from the App Store and Play Store on both Android and iOS devices. The platform is licensed under the Financial Conduct Authority (FCA). EToro only accepts US dollars.
Plus 500
Those interested in multiple trading stocks and the market should have a look at Plus 500. The platform is compatible for both Windows and iOS devices that works on both PC and Apple devices like iPad. It’s a very simple and easy to use platform. The platform has been listed in the London Stock Exchange. The platform is licensed by Financial Conduct Authority (FCA).
Saxo Markets
Saxo Markets is a trading platform that does well at market research, providing customers with a number of quality international assets. The app is well-optimized for mobile use on both Android and iOS devices, making it easy to execute online trades. Saxo Markets is a trading app that perfectly fits both novice and experienced online traders.
The platform is full of trading features that is packed with excellent usability. Clients can choose from the three account levels, Classic, Platinum, and VIP account. To open a classic account, a trader needs £500. On the other hand, the Platinum and VIP account require that the client has a deposit of £50,000, and £1,000,000 respectively. The platform is licensed under the Financial Conduct Authority (FCA).
