Thanks to the Internet boom, the possibility of investing online in financial markets has become popular and greatly simplified. There are far times when we could only access a minimal number of assets, and we had to do our operations over the phone.
If you are thinking of starting to walk through this exciting world of trading, or are taking your first steps, in this article, we have compiled the basic tools you need to start trading. Let’s go get them:
1- The Intermediary With The Market: The Broker
We, individually, cannot operate directly with the financial markets. Only one member of them can do it. To do this, we must hire the services of an intermediary who is responsible for executing the operations that we request. It is what we popularly call a broker.
We send the orders to our broker through the HotForex broker review (รีวิวโบรกเกอร์ HotForex, which is the term in Thai) trading platform it provides, and it channels them to the market.
2- The Trading Platform
The trading platform is a critical factor to consider when choosing the broker. The offer in terms of platforms is very diverse. It ranges from brokers that have developed and offered their own trading platform, to those that offer third-party platforms.
The trading platform you are going to trade with is a very personal choice and sometimes a matter of preference. The qualities that any platform for a beginner trader should have is that it be as clear, simple, and intuitive as possible, although, as we evolve in our operations, we may require greater performance.
3- Technical Analysis Tools
To make our trading decisions about the direction of the market and the opportune moment to open or close our operations, one of the essential tools are the indicators.
On the indicators of technical analysis, we have a very lively debate between two trends: that of the supporters of using indicators, and that of not using them. Detractors will tell you that the indicator is always late. Despite that being true, the indicator can give you a more global vision that allows you to detect important movements, which is perhaps more difficult to do only with the price.
