If you want to achieve your financial freedom, it is worth keeping in mind that there are many opportunities that you can find on the web. Beyond being a means of communication and leisure, internet is a place where you can find attractive platforms to invest online. Best of all, you can do it from the comfort of your home or office, without much physical effort, is it too good to be true?
Despite being very an easy, practical and affordable method, it requires time and / or risks like everything in life. So, it is not going to work 100% immediately, but if you think about it a little: So are all investments! So, go ahead and risk a little in order to have the opportunity to get a better stability. For this reason, we will show you the best alternatives.
Online investment platforms
Online investment platforms allow you to access financial markets in order to achieve short, medium and long term objectives according to the needs of each person. There are many options that you can get today. In addition, you must take into account the margin of success and failure which sometimes is very narrow, as any investment involves a risk. The main thing is to get the most reliable trading platform, as this will offer you more chances of success. So, this is the first step to follow.
But, what is trading? It is based on a technical analysis to carry out specific strategies when trading in the stock markets. Trading can also be defined as the purchase and sale of an asset, which can be shares, currencies or cryptocurrencies. In this way, the trader’s approach is to buy the asset at a low cost and then sell it when its value increases; The difference between both values will be her/his profit; which she/he can either enjoy or reinvest to increase her/his investment capital.
Nowadays, trading has become an online investment business with excellent prospects, because everyone has the opportunity to be part of it without requiring excessively high sums of money.
Top 3 trading platforms for online trading
MetaTrader
This is one of the most popular options today. Best of all, it is very easy to use and you can carry out a deep analysis thanks to all the information you can find on the platform.
But, what is the difference between MT4 and MT5? Basically, it is the same platform, but in the case of MT5 there is a greater amount of assets to invest, in addition to stocks and ETFs. However, both are in operation, but in case you want to invest in a specific asset and you can’t find it in MetaTrader4, you will surely find it in MetraTrader5.
eToro
This is undoubtedly the perfect option for beginners in the world of trading, since besides having a good variety of assets, cryptocurrencies, commodities, currencies, stocks and so on; eToro also has the functionality called “Social Trading”, which allows copying the strategies of expert traders.
Therefore, if you are a beginner, you only need to choose an advanced trader, which you will see easily. There, you will be able to see the movements she/he has had in the platform and the margin between profits and losses. Once you choose that trader, you will be able to copy her/his movements automatically, as well as you will be able to establish a maximum amount of loss; for example, you can indicate that as maximum you are willing to lose 50 USD, when you get to lose that amount, the financial movements will stop automatically until you indicate the opposite.
Now, in the case of expert traders, there is also an advantage: if they stand out in their profits thanks to the fact that they carry out their own investments in a particular way and not only copying; they will have the opportunity to be chosen by someone who wants to copy their movements, which will allow them to have an extra benefit for each profit they help to generate.
Trading View
One of the biggest advantages of this platform is that it offers real-time charts for free; in addition, you do not need to install any other tool or software on your computer; so you can access it from any other place or using any other device with internet access.
Here, you can find more than 150 indicators and, in case you want to have a little more experience before starting to invest, you will have a stock market investment simulation option. In this way, you can test your financial movements before starting to invest with real money.
MT5 vs. eToro vs. Trading View: which is the best trading platform?
The first thing you should know is which platform is the one that best suits your profile as a trader, according to the options it offers. That is why we have left you three options, which stand out for their particular characteristics.
In the case of eToro, it stands out for being an ideal platform for beginners, because it has the option of copying financial movements, which reduces the risk of loss; on the other hand, MetaTrader offers a wide variety of assets, but for that you must download their software, if you have no problems with it, then it is a good option. However, TradingView is still a good alternative, since it is a platform where you can see real-time charts, without downloading software and for free; so it is an excellent choice for those traders who want to have access to the smallest detail of the asset in which they want to invest.
As you can see, there are several options that adapt perfectly to different trading styles. Therefore, analyze each of them and consider which would be the one that best suits you; in the same way, you can also try each of the options mentioned and, thus, have a good basis at the time of choosing your favorite.
