Read our Extordo review and learn why we recommend this broker for online trading. Extordo is a great trading platform that offers features and services that suit traders from different backgrounds.
As the saying goes, practice makes perfect. And in an investment field like trading, how often you practice can affect your skills. Luckily, trading platforms like Extordo offer plenty of ways for traders to test their skills and learn more about the market. In this Extordo review, let’s go over some of the platform’s top features that make it special.
Try Out a Realistic Demo Mode
Despite how simple the Extordo platform may look, trading requires skill and practice to start predicting market trends accurately. That’s why expert traders recommend not settling as soon as you begin. Instead, it’s best to take your time understanding the market. Of course, practice is very different from theory, which is why Extordo offers traders a simple demo mode. This acts as a simulation that gives them real exposure to market trends.
The benefit of using a demo is that you’re not putting anything at risk, while still being able to learn what kinds of strategies work. Think of it as an opportunity to test trading strategies you design by looking at different theories. This can save you from going through trial and error during the actual trading process. Plenty of Extordo reviews talk about how this feature is quite beneficial for beginners who can’t find their way around the trading process.
Test Your Limits with Impressive Leverages
It’s no secret that experts with greater experience have an edge, and there’s no better proof of this than leverage. In trading, leverage allows you to enhance your position by trading with borrowed funds. This gives you a benefit since it amplifies your gains when your predictions for the market turn out to be true. But the only way to conduct an accurate enough analysis of the market is to gain enough experience.
Once you can successfully make a couple of trades using your own deposit, you can start experimenting with leverages. Initially, it’s best to start out small with a leverage of 1:2, and work on your trading strategies in the meantime. Once you do that, you can work your way up to use higher leverage. With Extordo, you need to have a high-tier account to start accessing leverages. This helps ensure that inexperienced traders aren’t putting themselves at a risk by taking highly leveraged positions.
Learn From the Best at Exclusive Trading Events
To make sure that your skillset is advancing as the market changes, you need to gain exposure to different kinds of market scenarios. Of course, it’s not always possible to experience these situations first-hand, which is why it pays off to have a network of expert traders who you can discuss with. When you sign up for a high-tier trading account on Extordo, you get invites to VIP trading events where you can network with other expert traders.
This gives you an exciting opportunity to learn from others and talk about your experiences in the market as well. Discussing trading markets with other experts helps you learn about other lucrative assets, which can encourage you to diversify your portfolio. Let’s say you lean towards stocks and commodities, and meet an expert who prefers crypto trading. It’s likely that they can give you important insights about the market that will give you an edge when you decide to buy.
All factors considered Extordo is one of the top trading platforms you can sign up for as a trader. Whether you’re a beginner-level trader with a few weeks of experience, or an expert who has been in the industry for decades, it has something to offer. New traders can test their strategies in a market simulation through the interactive demo mode. Meanwhile, leverages offer an opportunity to test one’s appetite for risk and increase gains. Lastly, experts with high-tier accounts can attend VIP trading events to network with other experts and gain valuable market insights.