Trading the Financial Markets
The most consistently successful traders say that continued education is the best way to make the most of the financial markets. The first step is to know how to trade. This includes being able to understand price action on the charts. Once you have the basics down, practice on a demo account before investing your hard-earned money in the live markets.
1. Open Your Trading Account with K.O.K Markets
This is a very simple process. All you need to do is fill in the application form with basic information like your name, date of birth and email address. Then simply upload documents like your identity proof to complete the KYC. Once the information is verified, your account can be activated. To begin trading the live markets, deposit the minimum required amount.
2. Choose the Assets to Trade
Choose one or more assets to trade, based on the financial markets that you are the most familiar with and your risk appetite. Take a look at our educational resources to learn more about the different financial markets, such as forex, equities (indices), commodities and cryptocurrencies. The forex market is the most liquid market, while the cryptocurrency market is currently the most volatile.
3. Learn to Analyse the Markets
There are countless financial articles, books, tutorials, webinars and more available online. These are an inexpensive way to widen your knowledge about different assets and how to trade them. These resources will also tell you how to use technical and fundamental analysis to predict price movements for informed trading. The MT5 platform offers unlimited charts across timeframes, which you can practice using with our demo account.
4. Build Your Trading Strategy
Now that you have learned about the markets and how to analyse price movements, use this knowledge to practice trading. At K.O.K Markets, we offer you demo accounts on the powerful MT5 platform, which gives you all the tools and trading conditions that you will face in the live markets. The advantage is that you don’t need real money to practice on this type of account. With practice you will learn what lot size, type of conditions, assets, etc., you are the most comfortable trading. It will also help you create effective trading strategies, keeping emotions away from trading decisions.
5. Learn Risk Management
The most effective ways to manage risk is to ensure that you use stop-loss and take-profit orders with every trade. When you learn trading and how to use MT5, you will also learn about using robust risk management measures to limit losses.
Once you are confident that you have learned enough to enter the live markets, switch to the live account to start trading.
Bonus Tip: Start small. Establish your footing and gradually raise your position sizes.
Ready to enter the financial markets with support from a team committed to your success?
