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Charts
We have explained the difference between fundamental and technical analysis. Technical analysis is mainly involves looking at graphs. Again people think graphs are complicated and difficult to understand. Apart from 'candle stick charts' you will have seen these graphs at school or in any newspaper showing statistics. It does not matter how competent your maths is, graphs are directional they point up or down… this is the TREND.
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Products
A (CFD) Contract for Difference is an agreement between you and your broker/trading firm. It is a financial instrument that allows you to predict a RISE or FALL in the price of a share without having to physically own the share. You are speculating on the price going up or down at a particular point in time. This means you can make on much more profit at a much lower risk and therefore cost.
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Recommended Platform
We recommend anyone who wants to start trading straight away uses eToro.com, follow the best performing traders and automatically copy what the best traders do. It's the smarter way to trade.
1. eToro
Best for social trading
- Open Book – Facebook of trading
- Up to $10,000 deposit bonus
- Open an account with $50
eToro.com combines a great looking trading platform with online chat and forum facilities. This allows you to trade and to communicate instantly with other traders and online coaches. The platform provides quotes on Forex, commodities and the major indices. If you want the complete online experience this is the best trading platform.
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