5 Myths That Stop People From Trading

Are you holding back from trading because of common myths? Let us clear up these myths and show you that trading is easier and more doable than you think.

By the end of this article, you will learn how to open a trade in just a few minutes, Let’s get started!

Myth 1: Trading is too difficult

Do you think, “I’m no Wall Street expert,” or, “Those charts are too confusing”? No worries! The right broker helps make things simple with an easy-to-use trading platform. You can understand market trends and make good trades without guessing. Just follow these steps:

1. Choose a financial instrument
2. Click on Insights
3. Click on Trade with a signal
4. Click on Open Trade using the signal

That’s all! Your trade will close automatically once it reaches the goal, so you don’t need to watch it all day. You’ll also see how much money you might make before you start the trade, and you can adjust the settings if you want.

If you know more about trading, this broker helps you too. You can use tools to analyze the market yourself and make informed decisions.
● Use tools to understand trades better
● Keep up with the latest news
● Find opportunities quickly with an economic calendar

Myth 2: Trading isn’t safe

Many traders worry about safety, but with a reliable broker, you can trade without stress. Here’s why this broker is a safe choice:
● It has global licenses
● It keeps your money safe: Your money is stored in top banks.
● It protects you financially: Each trader is covered for up to €20,000 by the Financial Commission if anything unexpected happens.

Myth 3: You need a lot of money to start trading

It’s a myth that you need lots of money to begin trading. You can start with less than what you’d spend on a dinner out. Here’s an idea of the costs:

• EURUSD — $2
• Bitcoin — $7
• Oil — $8
• Gold — $24
• S&P 500 — $26
  These low starting costs are thanks to leverage, which lets you trade more with less money. This broker allows up to 500 times leverage. This means you can handle $5,000 worth of trades with just $10. Remember, leverage increases both your possible profits and losses, but you won’t owe more than what’s in your account.

Myth 4: You go into debt if things go wrong

Some people fear that they could go into debt if their trades don’t work out. With the right broker, you never lose more money than what’s in your account, thanks to negative balance protection. No matter how the market changes, you won’t owe more than you have.

Myth 5: You only learn real trading by using real money

Many think you need to use real money to get real trading experience, but that’s not true. This broker offers a demo account where you can practice trading with fake money in real market conditions. The demo account comes with 10,000 demo dollars, letting you learn without any risk.