Finance Phantom — Crypto trading platform is legit or a scam?

When it comes to investing in stocks, you can either buy and sell shares yourself (self-directed investing) or you can use an advisor and have your money managed for you . Way back when , you had to use a licensed professional known as a stock broker to place stock trades on your behalf. Thanks to the Internet, investors around the globe now invest for themselves using an online brokerage account. Today, "stock broker" is just another name for an online brokerage account. A currency trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution.

If you stick to the 1% risk strategy and set your stop-loss orders and profit-taking points, you can limit your losses to 1%, and take your gains at 1.5%, but it takes discipline. Day traders can also incur high fees from transaction costs, so picking the right broker and creating a manageable trading strategy with proper risk management is essential. Since the trade is held for a long period of time commissions are not as much of a factor.

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