If you’re thinking about getting your start in Forex trading, you should find a broker to gain access to the global market. A trade intermediary between you and Forex does not just give you access to trades but determines how convenient, profitable, and safe your trade will be.
And, it is important to choose a reliable and licensed exchange so as not to encounter fraudsters. Always pay attention to what trading conditions and tools the platform provides. For example, with the DotBig trading site, you can conduct various transactions from classics to futures, improving your strategy and earning more.
What is a trading strategy?
A trading strategy is a fixed plan for buying and selling various assets on the global market. It must be objective, consistent, quantifiable and verifiable.
This working plan must be based on fundamental or technical analysis so that unavoidable systemic risks cannot lead to catastrophic consequences for financial tools. When building a strategy, traders should formulate clear goals they strive to achieve. When creating a trading strategy, an investor works side by side with a broker to select profitable trading products and manage financial activities.
Intro to Futures
Futures trading may seem difficult for beginners, but with the right approach and strategies, it becomes accessible and understandable.
So, what are futures in simple terms? These are financial contracts that oblige the buyer to purchase and the seller to sell a certain asset in the future at a predetermined price. These contracts are used to hedge risks and speculate on Forex. They can be for various assets such as commodities (oil, gold), financial tools (bonds, currencies), and even indices.
Futures markets provide Forex players with the opportunity to trade with a high level of leverage, which allows them to increase potential profits but also increases risks. It is crucial for newbies to understand that futures trading requires careful analysis and risk management.
Key findings regarding futures
- Futures trading methods may vary in complexity, providing options for both beginners and seasoned dealers.
- Advanced risk management tools are vital for long-term success in futures trading.
- A detailed review of the working strategy and the preparation of a step-by-step plan are fundamental for any futures trader.
- Using tools such as a futures online simulator and accounting for futures trading hours can significantly optimize performance and decision-making in the futures market.
DotBig Trading Features
DotBig is an international broker providing trading and investing services for people worldwide. Its activities are controlled by European financial regulators, which is confirmed by the availability of a license for brokerage services. The DotBig site gives clients access to trading in global financial markets.
This international broker cooperates with leading providers of trading signals and software. DotBig exchange positions itself as a universal intermediary for working in the currency, cryptocurrency, commodity, and stock markets. This is confirmed by flexible trading conditions that are suitable for implementing various investment strategies from scalping to algorithmic trading. The minimum deposit of $100 allows anyone to trade Forex profitably even for investors with a small initial capital.
Benefits for traders
In the DotBig reviews, customers identify several significant advantages of DotBig over competitors. Among the most outstanding positive characteristics, these ones can be mentioned:
- Access to many markets;
- Trading signals with an accuracy of more than 90%;
- Transparent terms of the client agreement;
- Guarantee of safety;
- The choice of trading tools;
- Negative balance protection function.
All these advantages relate exclusively to trading. But there is another equally important point – DotBig broker is a reliable partner in the financial markets. The broker provides the work of experts from many countries. In many cases, the company’s currency and stock market specialists, as well as support service managers, can work remotely.
DotBig Trading Platforms
Whatever you trade on DotBig – from fundamentals to futures – this broker will provide you with the latest technical solutions.
At the moment, DotBig offers several terminals so that traders can choose the one that best suits their preferences and needs. To determine the right terminal for you, contact the broker’s manager.
- MetaTrader
This is a multifunctional and user-friendly utility known for its brilliant charting tools, technical indicators, and automated trading functionality. It perfectly suits online traders of any level.
There are two main versions of the MetaTrader trading terminals – MT4 and MT5. They differ in available assets, trading and analytical tools. When registering with a broker, study the features of both platforms to choose the best option.
- DotBig investments Web
It is a web-based platform that allows users to access their accounts and trade from any device connected to the Internet. The broker’s proprietary terminal provides access to all the necessary indicators and quotes analysis tools in trading. Through DotBig Web, one can trade assets in stock, crypto and fiat currency, futures, and other financial markets.
- Mobile platform
Users can load and install the DotBig app from the Google Play and App Store. It is adapted to the Android or iOS operating systems. One can launch the DotBig Forex mobile platform anywhere in the world where there is an Internet connection. The mobile application allows one to make deals, follow the news of the financial markets, and use all the necessary functions for investing.
Expand Your Trading Experience With DotBig
To cap it all, DotBig is a reputable brokerage company that offers a wide range of working accounts, convenient platforms and competitive trading conditions. Before choosing DotBig or any other broker, one should evaluate trading objectives and level of investment knowledge.
As for the DotBig broker, it is suitable for customers who trade using different trading strategies. To make the most of the company’s offers, discuss your goals in detail with your manager before starting trading. The broker provides support at all stages of cooperation, so you can ask any questions to managers of the DotBig site support service.