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possibilities with us and discover a new era of trading excellence.
At BTOFX, we understand that
every trader is unique, and we are committed to empowering your trading
journey.
We provide a seamless and empowering platform designed for traders of all levels. Explore the possibilities with us!
Trading requires extensive research in order to form a view on short-term price movements, often using technical or fundamental analysis.
The first step is to open an account with a trading platform. To help with this, we've produced a guide to our pick of the best platforms for day traders.
It's worth taking the time to research fees as these can make a serious dent in profits due to the number of trades. Trading fees, Platform fees, Foreign currency conversion fee and Stamp duty.
The key difference between trading and investing is the length of time that shares are held
Traders hope to make a small profit on each trade that can accumulate into a significant gain over a number of trades. They use share price volatility with the aim of buying low and selling high.Day traders usually buy and sell shares within a short period, often less than 24 hours, whereas investing is usually based on a buy and hold strategy, with shares being held for several years.
Investors typically look to make a larger profit from a smaller number of trades.They invest in companies with long-term growth potential which should lead to an increase in share price or asset value over time.
According to Investor's Business Daily, day traders favour large-cap stocks in the US. The top five shares traded by Millennials last year were (in order): Tesla, Apple, Amazon, Microsoft and Nvidia.
A limit order is an order to buy or sell shares at, or better than, a set price. So if a trader set a buy limit order at 90 pence, it would only be executed if the price was 90 pence or lower.
Similarly a ‘take profit’ or sell limit order is only executed at that price or higher. It can be a good way of obtaining a good price for a trade without having to monitor the share price in real time.
A ‘stop loss’ can also be a useful tool to limit downside exposure from trading. This is an order to sell shares if the price falls to, or below, a level set by the trader. For example, a trader may set a fixed stop loss at 10% below the share price which limits their maximum loss to 10%. This can also be set on a rolling basis to adjust as the share price changes.
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Discover limitless possibilities with BTOFX, your gateway to the best trading options. Our user-friendly platform caters to any type of trader, offering advanced tools, secure transactions and a diverse range of assets. Benefit from transparent trading, competitive spreads, and immediate support. Elevate your trading skills with our educational resources and stay ahead with innovative technology. Join us for a seamless onboarding experience, low fees, and a commitment to your success. At BTOFX, we empower you to unleash your trading potential. Sign up now and embark on a journey of financial growth with a trusted partner in forex trading!
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