I’ve only just recently heard of 70Trades, but in India it has actually become rather popular and accepted. And, since we have quite an Indian following on this site, I thought that it would be helpful to have a local speak to it and explain what it is and how it can be helpful for all of you, my readers. Enjoy!
10/9/19 UPDATE: I have received a couple of emails/comments from my readers – they have put money into a 70Trades account and all the communication they had before has stopped. Not only do they feel there was bad customer service, but now they’re doubtful that they’ll earn any money through this medium. Beware.
70Trades: What is it?
70Trades has emerged as one of the top Forex broker and trading sites available in 2017. Rather than simply being a run-of-the-mill brokerage house, they’ve given their customers additional value by taking notes from the robo-advisor world. They’ve also focused on education and best-possible user returns to give an experience that is unparalleled in the industry. These priorities make the platform appropriate for investors of all skills levels: those just beginning, traders with some experience, and full-time professional traders.
70Trades has complete mobile capability. You’ll be able to trade wherever you are, whenever you want. Convenience in this space is a necessity of a platform is going to survive and thrive, and they really hit the marks in this way. They also have about as many features as a Forex trader could ever ask for. We haven’t mentioned, by the way, that new users can choose to start a free demo account to see the results of real decisions, without the risk of losing money. In this 70Trades review, we’ll cover that point and many others in what is to come. Keep following along!
70Trades might seem like an odd name until you realize why it was chosen. It is thought that it will take a full 70 trades before a new trader starts to gain the experience, instincts, and victories necessary to give them the success they need in the long term. So what is a trader to do in the meantime, when poor decisions might bring about big losses that prevent the trader from ever reaching that plateau?
This is where 70Trades customer-focused education and risk-free demo services really shine. There is a huge wealth of coaching and educational opportunities on the 70Trades website, each geared toward a different interest and skill level.
If you’re a beginner and you want to know more about gold trading specifically, there are courses which will appeal directly to you. Furthermore, while you’re hitting the books and learning the ropes, you can be making real trades on the 70Trade platform with a demo account that doesn’t require real money. You won’t earn real money either, but you definitely won’t lose any in the early days when you’re figuring out how it all works. You can complete your 70 trades here, if you want to, and emerge into the real market with the skills of an experienced trader, without ever having lost a cent. This strategy is proving popular for 70Trades users in India and around the world.
They also have customer service available online and by phone during business hours, just in case you run into trouble or have a question you can’t solve on your own.
70Trades Works For Different Experience Levels
As already stated, 70Trades offers great value to traders of different skill levels, but let’s talk about why that is the case in a little more detail.
For beginners, the value of the platform is obvious. 70Trades works very hard to hold the trader’s hand in the early days, because they believe a trader who is invested in and who develops real skills is more likely to become a long-time trader, which is ultimately good for the trader and for the platform. Everybody wins, and it’s really something that more Forex brokerage houses should do.
But what about Intermediate and Experienced users? 70Trades has specialized educational resources available for these people, ushering them into some of the more nuanced and esoteric theory of Forex and trading in general. This information is available from other sources, but it’s rarely communicated so well, and almost never provided by a broker!
Beyond this, more advanced traders will find that the 70Trades platform is one of the best in the business. It offers complex trading forms, affordable margins, and other features that any user who has used multiple brokers will appreciate. These users can also take advantage of the robo-advisor side of 70Trades which allows users to tune their portfolios to the success of even more successful users.
70 Trades: The Conclusion
There are many companies out there which will allow users and investors to make Forex trades. But there is not another company on the planet which does it in a friendlier, more customer-focused manner. 70Trades’ education resources are a treasure in this space, which every new user should take a close look at regardless of experience. Demo accounts give users the full range of decision making that would be employed in real trades, without the risk of losing money.
Beyond this, 70Trades’ sophisticated platform and interface are intuitive and reliable. With so much going for it, this is an obvious choice for Forex traders who are just getting started, and for those who have been around the block once or twice. Try it. We think you’ll like it.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.