It’s easy for a new trader to start making mistakes and as time progresses, the problems can become more difficult to clear up. In this era of 24 hr. online Forex trading, where many markets are open every hour of the day, it’s easy to lose a sense of balance. It is possible to lose control and put your account at risk by not adhering to one or two rules that will keep you on track.
When I started trading I was a novice and made several mistakes, but the mistakes I made were learnable, and I learned from them. This review will help new traders not only avoid making these same mistakes every other new trader makes, but it will also point you to several resources that can boost your learning curve.
Now, I would like to mention the platform that actually made me a better trader that I am today. WinGroup, this platform didn’t just make me profits but taught me a lot during my venture with them. All the precautions I listed below are what I learned from this platform and its representatives. Forex trading is not a game or about getting rich overnight. It’s about making wise decisions that reduce risk and leveraging sound trading practices that build confidence to grow your account. Here are some tips to keep you focused on what matters most:
- Investing in just one currency is risky, put your eggs into several baskets for safety.
- Never trade under stress, be patient and wait for a good opportunity.
- Take your time. Act quickly on a great idea, but don’t rush into bad trades.
- Don’t trade with money that is needed for something else.
- Protect your profits! Cut short any losing positions immediately – if you’re not willing to lose it all, then you can’t afford to risk it all.
- Always use stop orders to protect yourself. It’s easy to stay calm and stop out of a bad trade.
- Remember that your first priority is not to make money, it’s to keep what you have.
- Don’t obsess over the markets – if you’ve followed rules 1-9 and still lost money, don’t think about looking for a reason why; instead get right back in there and start over.
- Remember, it takes time to learn.
There are so many things that I love about them that I wish to include in this review along with the cons as well since I don’t want to sound like a biased person. I want traders to know all the positives and the negatives about this platform.
Without further a due let’s jump right into the review.
Safety and security:
When it comes to safety and security, WinGroup strives to ensure that all its clients and customers are given the best and safest trading opportunities. To ensure the safety and security, WinGroup has some of the strictest security protocols in place to protect their clients, they also have a well-trained and equipped customer support team on standby 24/7. The best part is that all these safety and security measures are held at no extra cost with WinGroup, any client or customer who signs up can enjoy these advantages.
All the information given during registration process should be accurate, so that you can be notified about new market updates. Also, to protect your account from potential risks it is better not to share it with anyone. Any information shared with WinGroup doesn’t leak to third parties, as they are kept in an individual workspace.
As a Trading platform:
With so many advantages and features offered by WinGroup, the question may arise how do you ensure success?
The answer is simple: if you want to be a successful trader on the WinGroup platform, here are some tips and advice on how to avoid mistakes new traders make.
WinGroup not only strives to provide its customers with a secure trading environment but also with a comprehensive educational tools and content. These two factors play a major role when it comes to the success of traders on WinGroup as they prepare them for any eventualities, including mistakes that newbies make when trading.
The trading tools this provides are excellent. The trading screen is clear and concise, making it easier to organize your trades. The platform is quite basic but this can be a good thing for beginners as there are limited distractions you don’t need any additional resources when first starting out with WinGroup Forex trading platform.
The variety of assets ensures that all the traders are catered for, whether they trade on stock, commodities, indices or currencies. Trading is also not just with spot forex pairs but also the futures market and other types of contracts for difference (CFDs). The trading platform offers very low spreads to ensure that everyone can take advantage of the value on offer.
WinGroup’s educational materials are better than most of its competitors and relatively easy to digest. You’re not going to get lost in a sea of information that has little to do with what is really important. This is one of the safest aspects of trading you can rely on.
The educational material includes videos for the beginners to gain knowledge and know hows about trading. This will help a lot as new traders may not have any idea regarding market following and technical analysis. Some of them even think that forex currency trading is gambling, it’s just an opinion but if you have never traded before then this may be what you might feel. So, it is better to go through the educational material before you start with your trading.
Glossary section has all the trading terminologies listed alphabetically. So you just need to click on the topic and it will give you a clear explanation. Learning something new is most exciting thing in any business. And I must say WinGroup offers really good learning courses and materials, which are necessary for every trader; Beginners, Intermediates and even advanced level traders would definitely like its educational materials.
The FAQ is also extensive. Every question I could possibly think of was addressed there and this helped me in getting all my doubts cleared. This way once you go through the FAQ section, you might not need to contact a representative, wasting theirs and your time since your question has already been answered in the FAQ section.
What sets this platform apart from others is their customer service, with a team of educated personnel who are ready to assist you with any issues that arise, in a professional manner.
There are different ways to can ask for their assistance but these are the most common: Online Live Chat with Customer Support! Live chat option is the one I enjoyed and found it intriguing. It is so unlike other products because whenever I faced some difficulties, all my queries were answered promptly and professionally.
The customer service at WinGroup is easily accessible and the staffs are polite that makes one feel no hesitation in asking them anything. They have always been supportive since my joining of this amazing trading platform. However, besides live and email, users cannot contact them via phone call. But I think live chat and email itself are adequate if you need to contact them.
I once had issue in trading but upon contacting my account manager, he solved the problem and made me profitable. My account manager helped me in making strategies that would work for my forex account. Today if I am making any profit in this platform, all credit goes to my account manager.
Withdrawal process and payment methods:
Withdrawal process on this platform is quick and easy. I feel the withdrawal process with this platform is relatively fast and has very little possibility of encountering an issue. I am able to transfer funds from my account with no difficulty. However, when it comes to the payment methods unlike other platform, this platform does not show them in the bottom of their webpage, which I think they should consider adding. The payment methods include credit card, Bank wire and Bitcoin transfers. I have used Bank Wire as one of their payment methods and it was pretty much straightforward and painless.
Their withdrawal and refund policy is clear and straightforward. Withdrawals are not processed from a trader’s account, which is a warm welcome for most new traders who have witnessed how slow the withdrawal process can be at other platforms. Also the withdrawal process takes 7 to 10 working days to complete, Depending on your bank or country.
If you are a beginner, this company will help you to get started with your trading career and nurture it. Leave your fears aside since WinGroup will take care of everything for you on the go. Its professional account manager will guide you throughout your initial stage until you become a full-fledged trader. Its educational materials will help you get started on your trial period without forcing you to make any financial commitment. They have lots of facts about forex trading that keeps newbies updated with the latest trends in the market.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.