Many investors want to inject money into the financial markets – but they are hindered by the fact that they have little to no understanding of where to start.To get more news about automated trading, you can visit wikifx.com official website.
By this, we mean knowing how to research assets and interpret technical charts to a level that will permit risk-averse and value-added investment decisions.
utomated Trading Platforms Reviewed
In choosing the best automated trading platform for your needs, there are many things to consider.
For example, are you looking for a 100% automated process, or are you looking to retain some control of your portfolio? You also need to consider the legitimacy of the platform, fees, and which assets you will be gaining exposure to.
1. eToro
In terms of reputation and safety, asset diversity, ease-of-use and fees – eToro is a strong automated trading platform in the market. Primarily, eToro is an online broker and social trading platform that serves over 17 million clients.
It allows users to manually invest or trade and get market data from thousands of assets – including stocks, ETFs, cryptocurrencies, forex, and more. So whether you’re looking for an automated stock trading platform, forex trading platform, or Bitcoin trading platform, eToro covers all bases. eToro is a 100% commission-free broker with no ongoing platform fees. With that said, this provider also offers a number of automated trading tools.
At the forefront of this is the innovative eToro Copy Trading feature. In its most basic form, the tool allows users to copy an eToro client like-for-like. There are thousands of verified and experienced traders that have signed up for the program, so it is easy to find a pro-investor that meets your financial goals and appetite for risk. This also makes it one of the best trading platforms for beginners.
2. AvaTrade
AvaTrade is primarily an online trading platform that allows you to buy and sell on a do-it-yourself basis. However, the provider is also offers exposure to MetaTrader 4- making it a good automated trading option.
MT4 (MetaTrader 4) is a third-party trading platform that is supported by hundreds of online brokers and trading sites. MT4 is a platform that comes with charts and a huge selection of trading tools.
MT4 supports automated trading platfoms and forex EAs (expert advisors). The automated trading software/expert advisors are pre-programmed files that are tasked with following a set of advanced trading rules and market conditions. The main concept here is that the MT4 file will trade on the users behalf.In fact, once the robot has been setup and given authorization via MT4, it will then scan the markets and place orders for 24 hours per day, 7 days per week.
- Learn2Trade
eToro is by far the best automated trading platform for those of you that wish to sit back and take a completely passive role when investing online. However, some of you might not feel comfortable about not having any say in where your money goes and thus – you want a bit more control.
If this sounds you, then you might be more suited for a platform like Learn2Trade. In a nutshell, Learn2Trade is one of the most established and reputable trading signal providers in the online space. For those unaware, signals relate to real-time suggestions that tell you what trades to place and when.Signal providers like Learn2Trade based these suggestions on advanced technical and fundamental research via a team of in-house traders. Once a trading opportunity has been identified, Learn2Trade will then send a signal out via Telegram. These signals provide everything you need to know to act on the trade. The key attraction with opting for signals as opposed to a fully automated trading system is that users have full control over their funds.
That is to say, users are under no obligation to act on any of the signals that Learn2Trade distributes. In terms of what assets the signals related to, Learn2Trade primarily specializes in automated currency trading and cryptocurrency trading. However, the provider also sends out signals relevant to stocks, gold, and indices.
If you like the sound of Learn2Trade but want to test the waters out first, the provider offers 3 free signals per week. Alternatively, you can opt for the Premium Account on a 30-day moneyback guarantee basis – which gets you around 3-5 signals per day. The Premium Account comes at a cost of £35 per month, albeit, you can reduce this by signing up for a longer plan.