All You Need To Know About One Click Trading
It can be difficult for a new trader to use a trading platform. Even for professionals, it can be a little lazy to set up their trading positions. They are in no mood to do it. But, this thing can be easily prevented if the trader has a goal to achieve successful trade. So, what is the solution to this problem? The answer is one-click trading!
As the name suggests, one-click trading is a process through which the traders can perform all order executions with one single click. It offers no hassle and more convenience to traders because they can easily buy or sell the currency pairs or any other trading instrument in one simple click.
One-click trading is an excellent way for novice traders to execute trades as they will be able to locate where the order button is. Additionally, it is also very useful for professional traders who want speed and efficiency in their trades. Choose the minimum deposit broker to help you in simple, one-click trading is considered the best for scalpers as they are required to plan and trades in a very short span of time. One-click trading generally appears as a small tab which consists of BUY and SELL buttons. In addition to this, there are also options for bid and ask prices. By expanding these options, you get to view some more settings that can help you simply set some more parameters.
Why Should You Consider One Click Trading?
Yes, of course, it is indeed beneficial to opt for one-click trading. Here are some of the benefits which will help you learn more about one-click trading:
- Helps in Quick Trading:
The forex market is highly volatile, where prices change in just hours. This requires you to be quick in making trading decisions. For instance, in case you are a scalper, you must open and close positions within minutes. Now, let’s consider a scenario where you need to place a trade. However, there are a lot of details and information that you need to fill in on the platform. Hence, it will consume a lot of time to set up the requirements, and by the time you get finished, the price might change. This is a case of missed opportunities which could be frustrating. However, one-click trading can eliminate such problems as you can easily open a position in just a few clicks, if not one.
“There are a million ways to make money in the markets. The irony is that they are all very difficult to find.” – Jack D. Schwager
- Sets Stop Loss in One Click:
Stop loss order is crucial to consider as it helps prevent unexpected losses. However, it is a great hassle to set up a stop loss for every single order as it consumes a lot of time and requires many things to consider. This may make a novice trader just give up and not place a stop loss at all. In this case, one-click trading is an effective solution because it lets you set stop loss via a single click. This way, the traders can minimize the time they spend setting up stop loss orders.
Video Credit – FXIGOR
How To Access One Click-Trading?
One-click trading is a default tool of the MT4 trading platform. If your broker provides MT4 as the major trading platform, you will be able to access the feature of one-click trading anytime. Additionally, you can find many trading brokers reviews in the market who offer their own customized versions of one-click trading. Compared to the regular version of one-click trading from the MT4, these varied and customized versions are more beneficial as they usually have something more to offer. Hence, to sum up, it all depends upon the trading platform you choose that will help you access the best of one-click trading.
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