Professional trading platform in New Zealand
What is a professional trading platform?
Before the Internet came into our lives, traders had to place orders only by phone or in person at a broker's office. It was not very convenient and trading was slower and harder. But today the situation has changed for the better, and now all exchange trading is done online on special platforms. Without modern, professional trading platforms, investing in today's world is hard to imagine. A good platform can perform many tasks, freeing up your time for the really important things.
Learn more about a trading platform.
A trading platform is software on a computer or mobile device that allows a trader to analyse the market and manage their trades.
Essentially, a trading platform acts as an intermediary between a trader and a broker. Such platforms allow users to use electronic trading from anywhere at any convenient time. Most modern platforms can be customized to your needs. The software places orders to buy or sell financial products such as bonds, currencies and commodities. The platforms also have many tools for trading: charts, calendars, signals, indicators, etc. All these, of course, make trading easier.
So what are the basic requirements a professional platform should fulfil?
First, it should be reliable and work smoothly. A good terminal should not fail and should not slow down. Otherwise, it will lead to loss of profit for traders, who rely on short-term deals. The platform should provide enough tools and information for fundamental and technical analysis. Modern electronic platforms differ from one another in the completeness and exclusivity of the information provided. Trading tools such as stop order, stop loss and take profit are there to help you set upper and lower limits to protect your trades.
The user-friendliness of the interface and the set of functional features of the trading platform play an important role. Since the situation on stock or currency markets can change in seconds, this naturally requires equally instant reaction. In this case, it is very important to have all indicators within one screen.
It is important to keep all standard charts and main tools visible at all times, and to be able to adjust the system as closely as possible to your own needs.
Nowadays, a lot of people use tablets or smartphones in their work, so it is desirable that the trading terminal is installed on both computers and mobile devices.
This is very convenient, because your phone is always with you, and you can check your positions and keep track of price movements, enter or leave the market, place pending orders from anywhere and anytime.
A professional trading platform allows traders, among other things, to view the entire history of their transactions in their trading account, monitor profit and loss, analyse your strategy, which in turn allows you to make changes to your portfolio.
Monitoring of a trading account is a detailed report on all performed deals.
All trading statistics are automatically collected and presented to the client in the form of clear diagrams and charts. Growth dynamics, distribution of trading instruments, trading activity and deposit load statistics are just a small list of indicators that you will be able to monitor once you connect monitoring of your trading account.
When choosing trading platforms in New Zealand, bear in mind that they can be specifically tailored to specific markets such as stocks, currencies, options, etc.
Platform for online stock trading
Stocks are always the most popular asset class traded in the online space. Buying stocks is an affordable and simple operation that anyone can handle. What's more, the platform provides an impressive list of stocks and the markets in which they are traded, as well as their prices.
When choosing a stock trading platform, ask whether it offers traditional stocks or CFDs on stocks. In the former case, you will be able to buy the stock itself and own it outright until you decide to sell it. You will also be able to receive dividends. On the platform, you can build up an impressive portfolio to help you reduce your risk.
However, if the platform specialises in CFDs, you won't be able to buy shares as your own. But you will be able to use leverage and make short sales.
The best platforms of this type provide clients with all the tools they need to be successful and, above all, a complete set of training materials needed to improve their stock trading skills.
Online forex trading platform
This platform allows traders to trade currency pairs where one currency (base currency) is bought against another (quoted currency). For example, EUR/USD (EUR and USD). Speculation is done when we correctly predict when one currency will rise or fall.
Forex is a global marketplace where currencies are traded by exchanging one currency for another at free market rates.
Exchange rates fluctuate depending on economic factors such as inflation, industrial production and geopolitical events. These factors influence whether you buy or sell a currency pair in the forex market. Using the economic calendar and applying technical and fundamental analysis will help you predict the behaviour of exchange rates and expand your profitable positions.
Online options trading platform
An Option is a contract between the buyer and the seller, specifying a price and a time limit, after which the contract will expire. It is a stock market derivative, always based on an underlying asset.
Options come in two varieties:
- Call option - the right, but not the obligation, of the purchaser of the option to buy the underlying asset at a predetermined price.
- Put option - the right, but not the obligation, of the buyer of the option to sell the underlying asset at a predetermined price.
Five factors influence the price of an option: the strike price, the current price of the underlying asset, the time to expiration, the interest rate and the volatility of the underlying asset.
The broker allows you to trade leveraged options on a huge range of financial instruments, in various markets, including stocks, indices, commodities and forex.
According to professional investors, working with stock options is very versatile and combines well with building a portfolio, complementing it and helping to control risk.
Also, pay attention to binary options, which are very popular and have many supporters. The essence of such a contract is to predict the price direction of an asset at a selected time interval and correctly determine whether the resource will rise or fall.
Online commodity trading platform
The commodity market includes buying and selling instruments such as gold, sugar, wheat, oil, hard metals and natural gas.
Such commodities often represent the resources that sustain the world economy, and any change in the economy provokes fluctuations in the price of raw materials. The idea is to correctly predict the price rise or fall, which will allow you to profit from the trade.
Commodity trading is one of the most popular ways to profit from the global exchange of commodities.
There are several common ways to trade commodities, which include buying futures contracts on an exchange, CFDs, buying stocks of companies that are directly linked to specific commodities and also trading ETFs. Investors can use commodity trading to diversify their portfolio, which is a big plus.
Online trading platform for ETF
Stock exchange-traded funds - ETFs - can help diversify your securities' portfolio. It is now one of the most popular investment vehicles. It is essentially a set of securities and by buying a share in a fund, you kind of become the owner of a small part of that set. Buying one share in an ETF is equivalent to buying ten, a hundred, or even a thousand shares of the largest companies that belong to a particular industry or country. ETF are index funds with minimal fees and a low threshold value.
Exchange-traded funds are traded every day during stock exchange trading hours, so you can buy and sell ETF shares as often as every minute. The capital of an ETF holder is less exposed to risk.
Because the fund contains many companies, price declines in the event of problems for some of them are mitigated by increases in the value of others.
Online cryptocurrency trading
If you want access to the cryptocurrency investment space, choose a trading platform that can fulfil your orders and also offer reliable resources about the cryptocurrency market.
Trading cryptocurrency is very similar to trading stocks or forex. Where you also speculate on the price of a financial instrument and hope to profit from it.
There are many cryptocurrencies available on the market today. But the most popular coins are Bitcoin and Ethereum.
The platform allows an investor to participate in cryptocurrency trading. You can buy and sell these cryptocurrencies by opening an account and making transactions. When you decide which cryptocurrency you want to trade, you simply transfer the information to the trading platform, which makes it much easier for you to trade.
You can approach cryptocurrency trading in two ways. The first is to buy the digital currency in its original form. But since the cryptocurrency is fully digital, you will store it in your cryptocurrency wallet. The second option is to trade using CFDs, which allows you to open a long or short position on the cryptocurrency of your choice without going into possession. CFDs also allow you to use leverage.
Online index trading
Today, many brokers offer traders the opportunity to trade stock indices.
A stock index is calculated based on the prices of a certain group of securities - an "index basket" and reflects the price dynamics of the entire stock market of a state or a certain economic sector.
Today, there are instruments in the financial system that allow you to profit from the growth of indices. And indices are unique in this respect - they always go up from a historical perspective. They are also great for portfolio diversification. One of the most popular ways to trade indices is CFD trading on an online platform. Trading of indices is only available during the trading hours of the exchange linked to a particular index, or when a particular sector of the index is open for trading.
How to start using a professional trading platform in New Zealand?
To start using a trading platform in New Zealand the first thing you should do is register and create an account. This will give you the ability to track and analyse your trades, keep track of your profits and losses, etc.
How to register?
Registering on the platform is not difficult and does not require any special technical knowledge. It will take you only a few minutes. It is as simple as registering on a social network.
The procedure is standard: you go to the registration page, enter your valid email address and the password you created, then confirm that you agree to the terms and conditions of the online platform, but be sure to read them. After completing and submitting the form, you will receive an email to activate your account.
If you are new to trading, then using the Demo Account would be ideal for you. Why use it?
Well, it's simple. No one wants to risk too much at the start, and a demo account will help you test all kinds of trading strategies, analysis, indicators and different techniques.
A demo account will allow you to learn all the features and functionality of the New Zealand trading platform.
You will understand how experienced investors work, and this will be a very rewarding experience for you.
Remind you that your demo account will open automatically as soon as you sign up, and it is completely free on most of the modern online platforms. The virtual money will be available to you immediately in the amount specified for the particular platform.
As soon as you feel ready to trade for real, open a trading account. To do so, you will only have to deposit a few dollars. Clicking on the "Deposit" option will redirect you to the payment page, where you will deposit your account using the payment systems listed on the platform. Using the same payment systems, you can easily withdraw your funds.
Keep in mind that a real account is already a full-fledged trade, and while using a demo account you do not risk anything, here you may face some risks.
It is almost impossible to reduce them to zero, but it is within your power to minimise them. You should carefully study the investment instruments, diversify your investments and strictly follow your chosen strategy.
A professional online platform is ready to provide you with free video tutorials and technical support is available 24 hours a day, 7 days a week to help you.