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Beginner Broker Showdown: JustMarkets vs Forextime

Attractiveness of Forex Market for Beginners

The foreign exchange market, which is highly liquid and has 24/5 business hours, provides a beautiful opening for trading forex for beginners. Due to the opportunity to make profits and a variety of trading tools available, forex attracts a significant number of newbies. Also this market permits the buying and selling of various assets day in day out and so it suits people who have flexible work time.

There are various tools that beginners can use including educational materials, demo accounts or automated trading strategies to enhance their skills as well as confidence. It is also possible to trade with smaller amounts of deposit while having high leverage to achieve your goals with low deposit capabilities. And it makes forex trading attractive for traders. For those reasons, the forex market becomes an interesting alternative for those who want to join the finance industry, explore profit making possibilities and find a forex trading course for beginners or best forex trading app for beginners.

Registration
trading chart on phone

Introduction to Forex Trading for Beginners

What is Forex and How to Start Trading?

The exchange of various currencies between countries is called foreign exchange or forex. The forex market is the largest global financial market, with daily trading volumes above $6 trillion. But it is also very popular for individual investors due to evolving financial technologies and broker services. As a beginner in the field of Forex, one must grasp the basics, choose a trustworthy broker and get hands-on practice on demo accounts before going live.

Basic Concepts and Principles of Forex for Beginners

  1. Currency Pairs: Forex trading means buy one currency and sell another one at the same time. The most common pairs include EUR/USD, GBP/USD, and USD/JPY.
  2. Leverage: This tool allows traders to control large positions with a relatively small amount of capital, magnifying both potential profits and risks.
  3. Pips: The smallest price move that a given exchange rate can make, often used to measure price changes in currency pairs.
  4. Margin: The amount of money needed to open a leveraged position, acting as a deposit to cover potential losses.

Benefits and Risks of Forex Trading for Beginners

Benefits:

  • High Liquidity: Ensures trades can be executed quickly and at desired prices.
  • Trade when you have time: traders can trade forex five days a week thanks to changing trading sessions in different parts of the world as well as trade crypto 24/7.
  • Leverage Opportunities: Amplifies potential returns on investments.

Risks:

  • Volatility: Liquidity spikes triggered by news and other events can lead to losses when transaction volume is high.
  • Leverage Risks: It can potentially increase profits, it can also lead to complete loss of deposit.
  • Market Complexity: Continuous learning is the key to successful trading.
Trading chart on laptop

Forextime and Its Offers for Beginners

Overview of Forextime Broker and Its Features

Forextime (FXTM) is a top-rated broker known for its strong platform, wide range of account types and easy to use nature. FXTM was established in 2011 and has become popular for its trustworthiness and quality in forex trading communities. The platform is designed to suit the needs of both beginners and experienced traders by providing them with various tools and resources that improve overall trading experience. FXTM provides different account types such as Advantage account meant for beginners, advanced accounts suitable for mature traders amongst others so that all levels of expertise are catered for with care. 

Evaluation of Trading Conditions, Training Resources, and Support

  • Trading Conditions: FXTM offers competitive spreads, low minimum deposits, and various leverage options.
  • Training Resources: Extensive educational materials, including webinars, video tutorials, and articles, are available.
  • Support: 24/5 multilingual customer support ensures assistance is readily available.

How to Start Trading with Forextime: Registration and Login

  1. Visit the FXTM Website: Navigate to the official Forextime website.
  2. Create an Account: Click on the “Register” button and fill in the required details.
  3. Verify Your Account: Submit necessary documents for verification.
  4. Login and Deposit Funds: Use your credentials to log in, then deposit funds to start trading.

Forextime Login Process:

  1. Go to the FXTM Login Page: Find the login page on the FXTM website.
  2. Enter Credentials: Input your registered email and password.
  3. Access Trading Platform: Gain access to the trading dashboard and start exploring.

JustMarkets and Its Offers for Beginners

Overview of JustMarkets Broker and Its Features

JustMarkets is a world-famous multi-asset broker and a leader in trading with over two million clients worldwide. Its uninterrupted innovation for 12 years and history of successful launches distinguish JustMarkets as an exceptional, stable industry leader. This has seen the company become the preferred choice for many traders in different markets due to its global presence and commitment to quality services.

JustMarkets evolves with the demands of its customers by providing state-of-the-art trading systems. At the same time, it encompasses up-to-date educational materials that assist beginners and experienced traders in meeting their financial targets. Notably, JustMarkets is renowned for its dedication to simplifying forex trading for novice investors. The company offers user-friendly intuitive platforms, educational materials, demo-account, and 24/7 customer support.

Trading performance illustrated clearly.

Evaluation of Trading Conditions, Training Resources, and Support

  • Trading Conditions: JustMarkets provides tight spreads, flexible leverage, and a low initial deposit requirement.
  • Training Resources: A wide range of educational content, including tutorials, e-books, and market analysis.
  • Support: 24/7 customer support is available to assist traders with any issues.

How to Start Trading with JustMarkets: Registration and Login

  1. Visit the JustMarkets Website: Go to the official JustMarkets site.
  2. Sign Up for an Account: Click on “Open an Account” and complete the registration form.
  3. Account Verification: Upload the necessary identification documents for verification.
  4. Login and Fund Your Account: Use your credentials to log in and deposit funds to begin trading.

JustMarkets Login Process:

  1. Access the Login Page: Navigate to the login section on the JustMarkets website.
  2. Input Login Details: Enter your email and password.
  3. Start Trading: Once logged in, explore the platform and start trading.

Comparison Table: Forextime vs JustMarkets

In this comparative table you can analyze the main trading offers of both platforms. The right choice of forex broker is one of the key criteria for successful and effective trading activity. Analyzing brokers to find the best forex trading platform for beginners should be analyzed both by the parameters specified in the table.

Feature

Forextime

JustMarkets

Minimal Deposit

$200

$1

Leverage

Up to 1:3000

Up to 1:3000

Spreads

From 0.1 pips

From 0.0 pips

Educational Resources

Webinars, Tutorials, Articles

Tutorials, E-books, Market Analysis, Digests, Case Studies, Bank Analytic

Customer Support

24/5 Multilingual Support

24/7 Customer Multilingual Support

As you can see in the comparison table above, it is difficult to notice significant differences in the offer of JustMarkets and Forextime. However, beginners should pay attention to the fact that JustMarkets offers 24/7 support, which may be important for beginner traders who want to try their hand at trading on the crypto market, which operates without weekends. For beginner traders, this criteria may become a key component in determining the best forex trading platforms for beginners.

Charts showcasing financial performance.

Educational Resources Comparison

The best forex trading platform for beginners must have a wide portfolio of educational resources, because beginners always need the help of educational materials such as articles, digests and market reviews. In this comparison table, you can see what forex trading course for beginners Forextime and JustMarkets platforms provide. It is important that educational resources should be available in both desktop and mobile versions, so that the broker can be called the best forex trading app for beginners.

Resource Type

Forextime

JustMarkets

Webinars

Yes

Yes

Video Tutorials

Yes

Yes

E-books

No

No

Market Analysis

Yes

Yes

Demo Account

Yes

Yes

Case Study

No

Yes

Bank Analytic

No

Yes

As can be seen from the comparative analysis and table data, JustMarkets provides forex trading for beginners and helps to provide the process of “learn forex trading for beginners” through a much wider range of training materials. At the same time, Forextime Vietnam provides users with the basic components of the forex trading course for beginners and does not succeed in providing educational materials to be considered the best forex trading platforms for beginners.

Conclusion

Both JustMarkets and Forextime offer excellent opportunities for beginners looking to dive into the world of forex trading. Each broker provides unique features and robust educational resources to help new traders succeed. Whether you choose JustMarkets for its lower minimum deposit and higher leverage or Forextime for its comprehensive support and training materials, both platforms are solid choices for beginners. By understanding the differences and benefits of each broker, beginners can make an informed decision and embark on their forex trading journey with confidence.

FAQ

For beginner traders, it is very important to find the best forex trading platform for beginners and review and adjust your trading strategy regularly to maintain a chance of success. You should evaluate, analyze and improve your trading strategy at least once a month. If you are an active trader and make several trades daily. Or the market in which you trade is very unstable and highly volatile, then it may be beneficial for you to test your strategy weekly. Constantly adjusting your trading approach will help you avoid mistakes and losses, and maximize your profitability. Many traders do not pay enough attention to this constant process of analyzing and improving trading strategies and approaches to adapt to constantly changing trading conditions.

When selecting a broker, beginners should consider several key performance indicators:

  1. Spreads and Commissions: Lower spreads and commissions can significantly affect your overall profitability.
  2. Execution Speed: Fast execution ensures you get the best possible prices for your trades.
  3. Customer Support: Reliable and accessible customer support is essential, especially for novices who might need assistance frequently.
  4. Educational Resources: A broker that offers comprehensive educational materials can help you learn and improve your trading skills.
  5. Platform Usability: A user-friendly trading platform makes it easier to execute trades and manage your account effectively.

For a beginning trader, finding the best forex trading platforms for beginners is as important as a forex trading course for beginners. And with both of these components, you can get help from a mentor who has trading experience and is economically savvy. Such a person can provide invaluable support regarding technical and fundamental analysis, as well as help you avoid common mistakes and emotional decision making. However, having a mentor or tutor cannot be a panacea or a solution to all issues. In any case, all decisions are made by the trader and his or her view of a particular situation may differ from that of a mentor.