The Importance of Learning Before Trading

Anyone who’s spent time reading financial news this year knows how confounding it can be when you’re trying to understand the crypto market. Analysts continually disagree about what sort of asset cryptocurrency is, and about what factors impact its prices. As a result, there are various opinions about what to expect of the crypto sector in times ahead. If you’re interested in going into the discipline of CFD crypto trading, the aim is to develop your own educated view on the subject so you can navigate the volatile seas of digital currency on your own. 

The only way to accomplish this, however, is through educating yourself, which will take some patience. Online trading platforms try to suit their educational materials to building up their users’ knowledge base, but each one is different and it’s worth taking the time to find the right one for you. You need a set of easy-to-understand materials on CFD financial trading in general, but also a stream of data keeping you in touch with the latest news that could affect trading prices. In this article, we’ll give you a look inside the education centre of the iFOREX platform, which was developed by one of the first online CFD brokerages in the business. 

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Articles and Videos

One of the most helpful educational resources on the iFOREX platform is a library of clearly written articles on financial subjects. These range from basic topics as “What is CFD Trading?” and “How to invest in cryptocurrency prices” to more advanced subjects, such as chart patterns and technical indicators. As you grow used to the world of CFD crypto trading, your interests will likely expand into the advanced category. There is also a series of video tutorials that take you through various trading concepts so you can see for yourself the processes outlined in action. 

Financial News and Live Rates

iFOREX is always stocked up with relevant financial news articles to help you keep your finger on the pulse of cryptos, shares, forex, and more, and at any time. Here you’ll also find in-depth explanations of recent crypto price activity and insight about what the future may bring. When you need to know the latest reports on inflation, GDP, or retail sales, you won’t have to look far once you’re here, as the Economic Calendar features a wide array of global financial events. CFD crypto traders also need to know the real time rates of their trading instruments in order to act in a timely fashion, and iFOREX provides real time rates for a generous list of crypto assets including Bitcoin, Ethereum, Ripple, Dogecoin, Litecoin, and more. 

Demo Account and One-on-One Training

The best performances are those that are best-rehearsed beforehand, which is exactly the reason iFOREX offers a risk-free demo account that allows you to take the trading platform for a “test drive” before trading with real money. You’ll get to experiment opening and closing deals, monitoring the market, using tools, and generally feeling more at home on your interface with the crypto market. Another secret weapon in the iFOREX arsenal is the chance to meet one-on-one with a trading coach who can guide you through the process of opening and closing deals until you find your way on your own terms. In this way, your theoretical knowledge quickly becomes practical. iFOREX also offers a special Follow Our Experts section on the platform, which gives you the chance to watch a seasoned professional doing his job while imparting the various reasons behind his trading decisions.

Economic Calendar

This is the tool financial traders need to stay alert to imminent announcements by the US Federal Reserve, meetings of political policymakers, or key reports on economic data. All these types of events can impact the price movements of cryptos and other financial instruments, so it’s crucial to stay in the loop. You can sort the events by region, date, or importance, making the economic calendar an invaluable part of every trading strategy.

Social Media 

iFOREX’s presence on social media channels like Facebook, Instagram and Twitter can be a useful aid to staying on the cutting edge of economic trends and news events, which may help steer you toward more informed trading decisions. At the same time, following iFOREX on social media can also introduce financial topics you are less familiar with, as well as the occasional entertaining post, giving you a more well-rounded view of the financial world. 

Summing Up

The iFOREX platform measures up with the best when it comes to education and information. Their materials are easy-to-use, straight-to-the-point, and extensive. For people planning to start CFD trading on cryptos, forex, indices, commodities, ETFs or shares, iFOREX is a great option because it provides the support of solid guidance, both theoretically and practically, as you develop as a CFD trader. And, as practiced traders know, you will always have to be in the process of learning, so it’s a good idea to partner up with a brokerage that can take you all the way to where you want to go in your trading journey, and then help keep you there.

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