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When it comes to online trading, your profits depend on the platform you use and the range of assets you can trade. If you are resigned to trading equities or bonds, your ability to make money will be limited. However, when your online trading platform provides access to a diverse array of global markets, trading instruments and tools -- you've powered up your trading game.
If that's what you are after, online global brokers like Octa cater to the needs of both beginner and intermediate traders. With comprehensive desktop and mobile apps, investors can trade currency pairs, indices, commodities and derivatives right from their couch. To do so, investors don't need substantial sums in their bank accounts or a degree in finance. Whether they have been trading for years or are just starting, all they have to do is log in, fund their account and start trading.
Technology's Role In Global Access
Technology levels the investment playing field and increases access for regular traders. With intuitive apps and abundant educational content online, traders now get real-time access to global markets and multiple asset classes while making more informed and profitable trading decisions. Executing trades and testing ideas is easier, faster and more efficient than ever.
Beyond making trading more accessible for millions of investors worldwide, technology has also allowed investors to lower their entry price points and made trading more transparent. Many aspects of trading became automated, which enabled online brokers to lower their commissions and fees.
To learn more about how Octa is empowering its traders in Southeast Asia click here.
Making Trading Smarter
It doesn't end there. Online brokers like Octa are leveraging AI and other advanced technology to churn out smarter trading and analysis tools for customers. Octa's pattern recognition trading tool is a good example. The tool launched last year automatically searches for technical analysis patterns using a large dataset of expert-curated content and AI-powered models that pick relevant figures from historical data. Once displayed on the AI Pattern Recognition tool screen, the patterns can then be transferred to the user's trading chart in a couple of clicks. The AI Pattern Recognition tool comes in handy for those trading on faster timeframes, empowering speedy, efficient decision-making and reducing cognitive load.
Technology also enables online brokers to offer robust trading platforms that are secure, have little in the way of downtime and can handle nearly real-time execution of trades. To prevent breaches, advanced brokers like Octa leverage technology to protect their platforms and clients.
Take multi-factor authentication, for example. Anytime you log into your Octa account, you'll need to confirm your identity with a password, but access will be granted only after taking an extra step, like entering the confirmation code sent by email. This prevents hackers or scammers from infiltrating your account. Ensuring software is updated is another way Octa works to keep hackers out. If there are no security holes, there's no way in.
Knowledge Is Power
Beyond providing traders with a secure and robust online platform, the standout brokers are the ones that provide high-end tools and education. That's certainly true at Octa, which places a big emphasis on learning. Some of its offerings include providing customers with access to webinars, easy-to-read illustrated user guides, trading tutorials and more. Octa also lets traders backtest ideas with free demo accounts and get access to expert advice so traders can learn from others' experiences. The more traders study, the quicker they will overcome the learning curve and make a profit. CFD trading - which is a way to speculate on an asset's price without owning it - often comes with a high failure rate. Octa tries to prevent that with its robust assortment of education, training and tools.
In addition to all that, Octa prides itself on offering dependable, highly responsive and multilingual customer support via multiple channels, including live chat and email. Traders can get help 24/7 via live chat in several languages including English, Hindi, Urdu, Indonesian and Malay. The broker also provides a comprehensive FAQ section on its website, offering detailed information on common queries regarding trading, account management, deposits and withdrawals. It also ensures transparency in trading conditions, clearly stating its terms online.
There are no hidden fees or rules buried in the fine print either. You always know how much you pay and what you are getting out of it. If an online broker can't give you that level of transparency, it should raise a red flag.
Thanks to advanced online brokerages that leverage technology to level the playing field and empower traders worldwide, online trading of stocks, CFDs, digital tokens and a dizzying array of other financial instruments has become easier. The brokers that stand out tend to be extremely transparent, openly reflecting the terms and conditions in a manner traders can understand. You get that and more with Octa. To learn more about Octa's approach to online trading, click here.
Featured photo by Tech Daily on Unsplash.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
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