Navigating your way through dozens of online trading providers could be a confusing, frustrating and baffling experience at best. Numerous websites offer their online trading services for first time and experienced traders with attractive deals, bonuses and get rich quick schemes. Through the last couple of months I was experimenting with a couple of those providers, trying to figure out what kind of trading services suit the needs of inexperienced traders. One of the many providers that went under my scrutiny is 23traders.com, a three years old online trading provider. I checked how well 23Traders lets you into the knowledge any trader has to acquire before trading.
First time and novice traders would probably prefer checking out the tutorial videos 23Traders offers. Each one of them takes you into the basics of online trading and shed a light on how to make successful trades. The tutorial videos are easy to follow and they cover anything between how to make your first trade to explaining the basics about tradable assets such as stocks, indices, commodities and currency pairs. I had watched the videos before I made my first trade and it made me feel much more confident and empowered in my decisions making.
Another helpful feature 23Traders has to offer is its weekly webinars. The only downside is that you have to save a spot in advance or you’d be left out. The webinars are presented by Barry Norman the chief market analyst at 23Traders. Barry has a way with taking complex concepts and making them seem trivial whether it is how to upscale the use of the trading platform or a high concept like candlesticks charts. It only takes 30 minutes out of your day, usually on the weekends, but it does worth the effort and you can transform these 30 minutes into money. Barry’s insights are of the practical kind, I suggest using them as much as you can.
Those of you who don’t wish to go back to the classroom or are too cool for school might consider adding 23Traders daily market blog to their reading list. Each morning the blog brings the latest news from major markets around the world, analyzing the latest moves in currencies, assets, stocks and indices. The 23Traders blog also covers non-economic events that might have an impact on financial markets like political developments, natural disasters and diplomatic crises. If all that learning and reading already make you tired, at least check out the glossary 23Traders provides. It is the least you can do.
Having gone through the initial steps to make myself an informed trader, I guess that the best strategy with 23Traders is to make your homework and then start trading while using the help of an account manager and the economic calendar. The combination of your own knowledge with the account manager’s expertise, in my experience, can make you some nice profits even if you are not about to invest a 5 figures sum.
I reviewed the learning tools 23Traders offers its clients as a support for their trading activities. 23Traders offers an Academy that includes a glossary of the basic trading terms; a daily financial news blog to follow global events that impact stocks, commodities, indices and currencies; 23Traders’ webinars are held at least twice a week, usually on the weekends, and are a great source for understanding simple and high concept trading issues. The learning tools provided by 23Traders will certainly make you an informed and empowered trader.