In the beginner’s mind there are many possibilities, in the expert’s mind there are few — Shunryu Suzuki
I recently came across a trading app which is called Sparkprofit i have found it to be a nice way of being introduced into the world of Forex trading for free. The foreign exchange market, which is usually known as “Forex” or “FX,” is the largest financial market in the world. With its $5.3 TRILLION a day trade volume. I have been currently trading Commodities which includes Gold, Brent Oil and Copper. The purpose of the App is simply to guess if the stock will go up or down you have leverages on the right-hand side which you can set the Target price ( TP ) and also Stop and Loss ( S/L) lever which will determine how much points you want to risk and when to stop trade. It work’s alongside the actual market’s so its as it happens you start off with 5000 points but can get additional points on completion of registration verification.
Brent Oil has finally broken nearby resistance and is making new yearly highs. For now, the resistance at $54 may now act as support for the bulls to push on. A break lower, and the next support zone is near $51.
Not only can you accumulate point’s but they can be transferred into Bitcoin or US Dollars The user has the option of using PayPal or Skrill and Neteller. There is also the option of transferring funds to another app which comes from the same Creators of Sparkprofit which is called TIQL #Tiqlwin this app ables you to play straight away from as little as $1 it’s not yet available to UK residents but will be releasing mid 2017 . There is also a league table which users are rewarded with prizes at end of week depending on performance during the week. The social forum which you can interact with other traders gives more of an insight, the UX is pretty smooth i’m liking the simplicity of this app i have visited a few trading sites in the past and found them to be overwhelming with information all on one page. But this has gave more of a understanding in simpler terms.
keep up the good work spark profit.
A few sites i have found helpful.
Also a few of us have setup Whatsapp Group to share idea’s if interested let me know.
If there’s anymore helpful tips this would be appreciated thankyou.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.