Advanced trading platform in Qatar
Online platforms are a trader's portal to the market. Regardless of your trading style, platform technology can impact every aspect of your trading experience. The overall aim of the software is to make it easier for traders to trade and open up opportunities when managing their investments. They provide access to fundamental market research, recent news analysis and technical asset analysis.
The advanced platforms have a user-friendly interface and include many features and tools for profitable trading.
Features and benefits of an advanced trading platform in Qatar
Modern investment platforms have a user-friendly, intuitive interface. In the personal cabinet it is possible to upload photos, add personal data, deposit and withdraw funds, view trading history and balance. In the general portfolio there is a table with information about active and pending trades.
The list of assets includes: stocks and funds, cryptocurrency, forex, commodities, binary and digital options. Information, news and trading conditions can be viewed for each of the assets. The trader can create an event alert (for example, when a desired price is reached) and add the asset to the list of favorites.
The user-friendly interface allows you to choose the type of chart (line, candlesticks, bars, Heikin-Ashi), set the range of price changes for a certain time interval, select the graphical tools, the interval of chart display and indicators for chart analysis.
Numerous indicators are available to choose from. The most popular are ADMI, ATR, MACD, Parabolic SAR, RSI, Stochastic Oscillator, Alligator, Bollinger Wave, Momentum, Moving Average, Fractal and others.
Benefits of an advanced trading platform:
- Wide range of services and tools for successful trading.
- High security level.
- Choice of successful, discreet design which does not distract traders from trading.
- High-quality and fast support for traders. All customer enquiries are promptly processed and resolved.
Some platforms have additional features:
- Option doubling. This feature allows you to open one more trade with parameters similar to the current trade.
- Extend current option. This feature makes it possible to extend a single trade.
- Early sell of current position. This feature can be useful if the trader is making a loss on the current trade and wants to close it before the expiration time to reduce the loss on this trade.
On modern platforms, there is a "Training" section available for novice traders. Those who need the basics of trading can find training materials on the website. Here you can find information about trading options and CFDs, margin trading, technical and fundamental analysis, market news and crypto-digest.
Without exception, all clients receive expert support and assistance as and when they need it. There are several alternative ways to get in touch: through online chat on the website, by ordering a call-back, or by mail. The broker's managers always answer traders' questions in a meaningful and to the point manner. Not a single customer enquiry goes unanswered.
Registering and opening accounts on the platform
It doesn't take long to create an account. All you need to do is enter your name, choose a username and password and enter your email and phone number. Provide real personal details, they are necessary for fast withdrawal and safety of your funds. If the data you entered is wrong, please contact our support team. If you want to hide your real name from other traders, you can specify any random name in your personal settings.
Using a demo account
A demo account is a kind of simulator for real games. Trading on the training account is done with virtual money. A trader may add an unlimited amount of virtual money to their account.
Usually this type of account serves two purposes: as a training account for newbies and as a simulator of trading strategies for experienced players. Traders who have been working on the market for a long time are constantly testing new methods of trading. Naturally, in order to avoid risks of losing real money this testing is initially conducted on test accounts.
That is why the situation when a real account holder has 1-5 demo accounts is normal. On a practice account all trading conditions are the same as on a real account except that pending orders (GTC, stop, limit) are executed at one quote (on a real account at three).
How does a trader switch to a real account?
Opening a live account is easy, just click on the "Deposit" button. In the window that opens, select the payment system and enter the recharge amount. To proceed with the payment, you will need to enter additional details about the payer.
In order to withdraw the funds you have earned, you will have to go to "Withdrawal", choose the method, enter the amount and other necessary details. It takes up to 3 working days to process the request, it depends on the withdrawal method.
Fundamental market analysis
Fundamental analysis is the consideration of all economic and political factors that can affect exchange rates.
Studying various aspects of the world of finance and economics takes a lot of time, but if done properly, fundamental analysis gives an effective result.
Fundamental analysis, as well as any other analysis, is based on the desire not to be vulnerable to unexpected market reactions; accordingly, the deeper analysis is, the less chances the market has to take you by surprise.
Fundamental analysis is used by many of the world's best-known traders, which undoubtedly proves its efficiency. You should first study the asset you are going to trade and all economic events that can be related to it. Next, you will need a reliable daily news source from which you can draw important information.
An important fundamental analysis tool is also the economic calendar, which lists all major upcoming news events. Next, you need to determine the range of events that are important to the market in which you trade, and understand how to prepare for these events.
Technical Analysis Indicators Strategies
In fundamental analysis, a trader studies economic, political and social news. Technical analysis studies charts and models, technical indicators and oscillators, combinations of different techniques and methods. Not for nothing, it can also be called "graphical", "behavioral", "emotional".
The main idea of technical analysis: the price already reflects everything that can affect this stock.
A company's financials, market interest rates, analysts' forecasts, market sentiment, insider deals and so on all this has already manifested itself in the price. So in terms of thechanalysis, it only makes sense to look at price movements.
There are two main areas of focus in the analysis itself:
- Recognising characteristic occurrences shapes or patterns;
- The use of indicators.
Each indicator is based on a formula, variables of which are values of a price chart. Some parameters can be set by a user. Once all parameters and values are defined, an indicator is applied to a chart and a trader gets a visual signal to enter or leave the market.
Automatism in calculations is the main feature of computer indicators. Thanks to it the most complicated constructions can be put on the chart in a few seconds. It is thanks to the emergence of computer analysis that automatic trading systems became possible.
Technical analysis works for any asset: currency pairs; Stocks; indices; futures; commodities.
Let's consider several popular indicators, which are often used by professionals in technical analysis:
- The Moving Average indicator averaging the price over a certain period of time.
- Fibonacci indicator determining expected price correction levels.
- Relative Strength Index (RSI) indicator shows the position of current prices relative to the previous period.
- Bollinger Bands indicator shows the beginning of an impulse movement after the price leaves a narrow concentration zone.
- Moving Average Convergence/Divergence indicator can predict the end of price movement and the beginning of correction or even a market reversal.
- Ichimoku Kinko Hyo indicator - applies conditionally to the trend indicators, it works well in tracking the direction and potential of the current trend.
- Parabolic Sar indicator - tracks trend movements and gives signals on the end of the current trend.
- ADX - Average Directional Movement Index.
- Pivot Points indicator - calculates specific price levels on the basis of price changes in the previous trading period.
- Alligator indicator - gives signals on the beginning of a new trend in the market.
Technical analysis is all about price movement. The way it moves, its speed and amplitude, the momentum of its rise or fall, which candles are formed and so on. The basis of technical analysis is a trend. It is a price movement in a certain direction.
Classification of trends:
In order to determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. But this is relevant, in general, for stock trading.
Stop Loss and Take Profit orders
Every trader who trades cryptocurrencies or any other asset uses various aids in their work. Stop Loss and Take Profit can be considered as basic tools that are used to properly implement a strategy, as well as to simplify the trading process itself.
Stop Loss (SL) means "stop loss". As a rule, such an order is placed as an addition to an already open position and is used to minimise risks.
Take Profit (TP) means "take profit". This type of order is also placed in addition to the already open position. Its main purpose is to set a target level of profit.
Stop loss and Take profit have only two characteristics in common:
- They are always placed as pending orders;
- Work in conjunction with another open trade and are used to close it.
Their main difference is in their purpose: a stop loss is used to reduce losses, while a take profit is used to take profits. Experienced traders use different SL and TP ratios, and they are calculated using standard mathematical methods:
- If you set the same stop-loss and take-profit size when opening a trade (for example, 10%), then you have a ratio of 1 to 1;
- If you set the stop loss at 10% and take profit at 20%, then you have a 1 to 2 ratio.
The most common stop-loss and take-profit ratios are: 1:3, 1:2, 1:1, 2:1. It is up to each trader to decide which option to use, and it depends on their particular strategy.
To trade successfully, a trader needs a modern online platform and a trading plan.
The preparation of a trading plan can be broken down into several steps: technical picture, fundamental factors, additional signals (indicators), risk control and profit taking. The trading software is easy to use and their interfaces are intuitive for traders. There is a huge variety of additional indicators, expert advisors and scripts that you can download and customize to your liking. We wish you all a good deal.
Today, there are many platforms available on the internet. You can now buy and sell assets from the comfort of your own home, and most advanced platforms even allow you to trade on the go using your mobile phone. However, with so many brokers offering their services, it can be difficult to know on which platform to open an account. With that said, we hope that you now have a firm idea of what you need to look out for when choosing software.
Whether it's regulation, low commissions, deposit methods, number of financial instruments or withdrawal time, we've covered all aspects. Ultimately, you need to make sure that the platform is suitable for your individual needs before you part with your money. The most effective way to achieve this is to start with small amounts. Once you are happy with the services offered, you can make a more serious commitment.