What do I need to do in trading?
Your goal in trading is to buy at a lower price and sell afterwards for a higher price. For example you can buy a market instrument (quantity of 10000) for 1.2349 and sell it later for 1.2458. You will make a profit of 109 (in currency the instrument is denominated in).
What can I trade on the market?
Marketiva provides spot forex trading services in the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, EUR/JPY, EUR/GBP, EUR/CHF, GBP/JPY, AUD/JPY, CHF/JPY, GBP/CHF, EUR/CAD, EUR/AUD, AUD/CAD. There may be other instruments added in the future.
When is the market open for trading?
You can trade from Sunday 17:00 to Friday 17:00 New York local time. Virtual trading is open at all times. The following approximate market schedule is based on New York local time: Japan markets open at 19:00 followed by Singapore and Hong Kong that open at 21:00. European markets open in Frankfurt at 2:00, while London opens an hour later. New York markets open at 8:00 (NYSE opens at 9:00). European markets close at 12:00 and Australian markets start again at 18:00.
Is there an easy way to start trading?
The easiest way to start trading is to click on a market instrument in a price window. When [Send Order] dialog shows up, you can set [Quantity] field to 1 or more (depending on the amount of money you have on currently active trading desk). When you click button, the order will go into the market.
Finding the best trade app for beginners involves considering simplicity, educational resources, account security, available markets, fees, and ease of navigation. New traders may prefer an application with clear charts, straightforward order controls, and useful learning materials rather than an interface filled with advanced features. It is also important to understand the costs associated with trading and the risks of different instruments. Comparing these factors carefully can help beginners choose tools that match their current knowledge and gradually build their market skills.
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