To some of you this may be old new, but to some it may not, so I’d like to let you all know that Marketiva now offers new trading instruments. In addition to currency pair and investment funds you can now trade stock indexes and precious metals! Pretty cool new feature, and I’d say it’s about that they implement it as some of the “big boy” brokers already had these financial instruments a long time ago. You can now trade the following additional instruments:
Indexes: Dow Jones, Nasdaq 100, S&P 500, DAX, FTSE 100
Commodities: Gold, Silver, Platinum, Palladium
Keep in mind that with Marketiva you pay no swap. I know that Marketiva carries a stigma of being the “beginners broker” or ‘forex for newbies”, and I agree to a certain extent, but I think this is probably the best platform for beginning trades to play with. One of Marketiva’s strong selling point for beginners is that in addition to standard wire transfers, they accept most major e-currencies such as e-Bullion, Liberty Reserve, e-dinar and WebMoney (I hope they bring back e-gold). Another thing, despite what people tell you to “demo trade”, don’t buy into that nonsense. Demo trading is not the same as live trading. Try demo trading with a $50,000 account and then trade live with an account as small as $1000, and you will know exactly what I mean. No only that but the market dynamics are different on a demo account and you’ll find yourself most likely not achieving the same results live as you’ve achieved in your demo account. So what I always suggest to beginner traders is to sign-up with one of these so called newbie forex brokers and start off small; I’m talking like $50 – $200 and trade your strategy live until you’ve mastered not only your emotions but the most important skill you must have as a trader: money management!
Incidentally, Maketiva allows you to start with as little as $1, and they’ll even offer you a bonus of $5 when you sign-up. Didn’t I tell you that Marketiva is targeting beginners. The bonus will definitely hook some people. I’m always curious to know for how long people can hold on to those $5 without losing it to the market. Consider that a “trial by fire” test of your trading skills. If you don’t blow out your account (forex lingo for losing your ENTIRE account), then congratulations, you’ve moved one step up on the ladder to becoming a successful trader. Don’t feel that bad if you do manage to blow out your account as most experienced forex traders did the same as you when they were beginners. The key point I’d like to make that the only difference between the winners and the losers is that they winners did not give up – such as it is with life in general. Ok, you know me, I tend to be rather verbose, so please pardon my gabby tongue.
For more details see Marketiva’s website at:
I wish you all good luck and profitable trades.