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Thanks to them, I feel like trading has become something normal and comfortable for me. On the downside, its product portfolio is limited to just a few products, as it offers mainly DotBig reviews CFDs and forex instruments. Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee as well as a charge for currency conversion.
- The choice of account types and trading platforms makes DotBig suitable for day traders, algorithmic traders, swing traders and long term investors alike.
- All lessons are arranged in a systematic manner to help you easily navigate the lessons.
- The company increased its customer insurance protection to 1.0 million, the highest in the industry at that moment.
- There are very good conditions for trade, I did not have a negative balance, there are a lot of goods and currency pairs.
- The platform has average non-trading fees and low trading fees.
- Once I increase my depo I will probably start trading something else.
When you want to learn how to formulate your Forex trading strategy, you need to use technical analysis, without this, you would have no foundation to define your strategy. Remember that technical analysis is a very wide topic where one is required to study many topics. This section shows examples of simple trading strategies that can also be combined together to form other advanced Forex strategies. I want to point out one feature, though; the MT add-ons. These add-ons might just give you the edge you need in the market to be successful, as there are several of them.
In The Event You Get Your DotBig review Repaired?
The affiliate CPA structure at DotBig rewards their affiliates/partners based on their residential countries. As soon as the program starts, the affiliates or partners of the DotBig can start trading and earning commissions for every trader they refer to the DotBig platform. DotBig Affiliate Programme’s mission is to develop long-term financial relationships with the partners and their referred clients. The powerful DotBig broker is carefully designed keeping in mind the trading requirements of its clients. The intuitive interface offers a lightning-fast execution speed of 0.4 seconds, which is one of the most notable features of the platform. One of the notable features of the DotBig company is negative balance protection.
The app offers popular features such as alerts, 1-click trading and trading from the chart. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real time. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, an email, or a push notification to a mobile device. DotBig offers an intuitive proprietary platform as well as the feature rich MetaTrader platform, allowing it to cater to both beginners and sophisticated traders.
As for trading conditions, here you can trade without additional fees. It can attract a lot of traders, especially https://www.forextime.com/education/forex-trading-for-beginners scalpers. By the way, the latter would appreciate good spreads, especially on currency pairs.
DotBig Pros and Cons
Apart from the reports that you receive from the fundamental indicators, you also need to look at the news releases and the reports coming out of important economic meetings. These reports and commentary coming out of these meetings can affect the prices and careful traders will always look for these. Currencies are transacted through online currency brokers. To start you must first of all find a good one, download https://twitter.com/forexcom?lang=en their platform to transact with. Traders use these Forex indicators to form their strategy; each is different from the other. There is a total of about 100 indicators discussed within this section that can be found at the main navigation menu. This section will cover and explain each indicator individually and show you the technical analysis that is used to generate a buy or sell signals when trading.
This is an average selection compared to its competitors. We ranked DotBig’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. The above news reports are major price movers and all forex traders look at them when they are announced. That is why you must know what these reports are and when they are released by looking at an economic calendar. Most who do not know about these news reports often see major price movements without knowing where these movements come from.
DotBig Account Types
However, note that you will have to give your contact details before they provide answers. For example, the table below shows the forex fees of a position. The only downside of this platform is that there is no historical data based on events such as the inflation rates of specific countries.
An Unbiased View of DotBig reviews
I like the way the company protects its clients in terms of risk mitigation efforts according to the regulatory environment. Since the Forex market is an online based business, the customer support represents the main link between the broker and the clients. ActivTrade offers a 24/5 customer support which is competent and very polite. They can be reached via e-mail, phone, and a 24h live chat. Their website also features options such as inquiry and call back requests, including the remote support app which provides access to the trader’s computer by the ActivTrade team.
In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. The ActivTrader mobile app has the same intuitive design as the web version. It offers basic and advanced order types and useful functions such as one-click trading and trading from the chart. Live chat support is available from within the app. ActivTrader provides market sentiment data, showing the percentage of traders that are long or short a particular instrument.
MetaTrader 4 Web
You can also reverse your current trade to net off positions. You can also open many positions in one contract and consolidate your positions, thus allowing first in, first out netting of positions. The SmartTemplate allows you to stop using complex math formulas by using chart signals to add long and short and long trading opportunities while providing clear timeframes to trade. If you are looking for a market-standard platform for your trading needs, the MetaTrader 4 is your go-to platform. The customizability of this platform can be described as average as some features are fixed on the platform. I love all these things, they sometimes cause no less excitement than the trade itself. But, anyway, it’s quite an unclear system I got used to click on "open an account" and choose what I need.
DotBig offers a good selection of tools for trading and I can be sure that I can make some money at any time of the day. Of course I strive for big money, but everything has its time. Generally, I’m glad that once DotBig review I decided to join the community of this broker. It satisfies my needs in trading and I hope it will also satisfy the needs of new traders. Moreover, you can always ask customer support about all the peculiarities.