Top 5 Trading Platform “Must Haves”
Hey it is Clay at forexs.xyz and in this I wanna exhibit you the pinnacle 5 buying and selling platform have to haves that I trust your on line dealer have to supply you the potential to put into effect inside your buying and selling strategy, and this is whether or not you are day trading
or swing buying and selling stocks, you know, or anything. Your dealer wants to provide you positive tools, positive competencies and in this I wanna go over the pinnacle 5 that I accept as true with you must truely have the potential to like you stated implement, so your platform wants to be in a position to grant these to you.
Right off the get-go I additionally wanna comprehend ’cause like I be aware of a bunch of humans gonna ask, so I’m gonna tackle it proper away. Clay what platform did you use in this am the usage of Webull platform here, if you are fascinated and simply saving the time so that you do not have to go, lookup a bunch of different systems and see if they consist of the pinnacle 5 list
that I’m gonna go via here, and you simply wanna like set use Webull ’cause you comprehend that the whole thing that I’m speaking about is honestly and already included, then there is a hyperlink down beneath it is on the description field on or if you are staring at this at my site, simply write down beneath the and I would simply say use that hyperlink because
now that is an affiliate link, transparency sake, however it is a first-class little win-win if you use that hyperlink you get a couple of free stocks. So like I said, great way to put some free shares in your portfolio specially if you like this platform.
Which like I said, you will understand at least it’s going to supply you the capability to store time so you do not have to go strive a bunch of different matters as some distance as structures are concerned, however first factor that your platform wants to have is the potential to use candlesticks, so what we’re seeing proper here
is what is acknowledged as a line chart and line charts I’m now not gonna name them completely nugatory however there are higher preferences out there as some distance as you know, equipment that you need to be the use of as a trader, in truth I’ll put a down under that goes over why I use candlesticks and you recognize goes down, deeper down the rabbit hole
about why I accept as true with that you as a dealer and once more whether or not you are a day dealer or swing dealer ought to be the usage of candlesticks inside your analysis. So the variety one aspect that your platform wishes to grant and supply you the potential to do is use candlesticks. So as a ways as Webull is concerned,
you simply come over right here to line style, click on candle and there you are, we now have candlesticks. The range two component your on-line platform wants to supply you the capacity at is a couple of time frame. So what do I suggest via that, well, I’ll provide you a speedy little lesson, every one of these candlesticks
as we have now determined, represents a positive quantity of time. And in this state of affairs presently due to the fact I have a pair 5 M chosen that capability 5 minute, that skill every one of these candlesticks indicates us 5 minutes really worth of time.
Again, what do every one of these matters mean? Again, watch the , watch the that I’ve linked down beneath it’s going to give an explanation for all that to you as a ways as why I use candlesticks however for the sake of this simply recognize that every one of these has taken 5 minutes to form. Now, if I desired to, I may want to in reality let’s do this
let me click on over right here on one M, so now that the one M is selected, that capacity one minute. This potential that every one of these candlesticks has solely taken one minute to form, it is giving us one minutes really worth of action. So in different phrases we are getting more than one timeframes,
we’re in a position to seem at, I seem to be at time frames as angles, right? And the extra angles you can seem to be at some thing the higher thought you are gonna have in regards to it. The identical is authentic when forming a alternate plan, you wanna be in a position to appear at a inventory and as many specific angles as possible
so that you can make the fine choice possible. And what is very pleasant about the Webull platform is now not solely do they provide you once more all these a number time frames, however they additionally make it very streamlined to seem to be at them all at once, so if you have been to come up here
and do a grid and we are going to simply do 4 with the aid of four, so to do that and you click on on it and now you can see all of a surprising you have a bunch of grid. So in this state of affairs we’re searching at Facebook so let me simply carry up Facebook for these other areas here,
and then you may see sort of how we can appear at Facebook from quite a few extraordinary angles. So proper up here, all right I have them all populated, I do not wanna waste your time apparent in right here simply getting ’em all in place, however so, proper now even though they are all at one minute. So, of path it really is no longer time, this is no longer assisting us
’cause everything’s simply displaying us the one minute time body and I have to notice that, you can, I imply alter and make these better however let’s say over right here we wanna appear at the 5 minute time frame, down right here let’s seem to be at 15 M which capability what’s occurring each and every 15 minutes, and then proper right here we are going to simply click on on 30 M, which skill what’s going on each 30 minutes.
So right here we are searching at Facebook from presently 4 one of a kind angles, seeing what the fee is doing each one minute, each and every 5 minutes, each and every 15 minutes and then each and every 30 minutes and this is what is recognised as the more than one time body analysis. For the sake of this
and it is a noticeably deep rabbit gap I’m no longer gonna take you down there, the total thought right here is that as merchants we wanna be doing more than one time body analysis, we wanna be searching at as many angles as possible. So you wanna be certain that now not solely does your platform provide you the capability at more than one time frames, however ideally speaking
for them to supply you some type of potential the place it appears like this and you can arrange matters very properly and seem at the entirety all at once. So let’s simply come lower back right here to the grid and I’ll simply make this one, so they’re searching at Facebook here, now the subsequent thing
and we are going to trade that returned to the 5 minute, however the subsequent factor you want to be capable to do and nothing huge right here however draw trendlines, so what is a trendline? Well, a trendline is simply a way for you to variety of get fancy and simply draw some strains on your display and these are vital although at least for me and I suppose for most people
because we are you know, most human beings are visible and you wanna be capable to visualize matters as nice as possible. So with simply the capacity to draw trendlines very, very essential now this is me maybe, I consider you should accuse me of being excessive renovation right here however I suppose that having some high-quality options of colors
so for me I constantly like to use purple for resistance and then you can come up right here and click on you know, make matters as thick or skinny as you want, you can make a dashed line if you want. So I mean, are these matters truely required? No, surely not, however you do wanna have the capability to draw a trendline,
but the greater essential issue and this is one of these you know, sort of dynamics that you likely simply do not trip till you really trip it, is a platform this is gonna keep all your annotations. It’s gonna shop your trendlines, there may be nothing worse
than mapping out a change plan, inserting the whole lot together, you know, searching at all the more than one time frames, and inserting it all collectively and then you shut on your platform or some thing occurs and then when you come again everything’s gone. Nothing extra irritating than that, stop of the world?
No, fantastic frustrating, a massive waste of time it certainly is, so you wanna make certain that your platform you know, simply is going to retailer any kind of annotations that you throw up there and I suggest trendline in reality the most vital thing, however different little matters that you know,
are usually exceptional is even if you can simply throw in a textual content box, so you comprehend for this one and I’m simply completely making this up, with the aid of at destroy out of 187. So I mean, simply little matters like that I imply can you think about if and you comprehend the fine matters here, whoops!
You can go and you be aware of exchange the colorations and all this, however ought to you think about you have all matters documented and then your platform shuts down and you come returned and it is all gone? So, simply little matters like that, you truely want trendlines ’cause trendlines are very, very essential for visualization
and to assist you see positive things, however you wanna make certain that these trendlines and all these sorts of annotations are additionally saved. The subsequent element it is very, very important, and that is your order entry box. So I’m gonna click on over right here on trade, so what do I suggest by means of order entry?
Well, proper right here is an order entry container and this is how you are gonna publish your order to the market I will say and this is why it is variety four on the list, however if you are a lengthy time period investor or a swing dealer that means you do not want to operate
you know, as quick as a cat or some thing like that, then is this important? I suggest it is nonetheless vital of path however it is now not almost as essential as if you are any person saying, “No, no Clay, I wanna be a day trader, I’m searching at date change shares and as a day dealer I comprehend that for me to have a worthwhile strategy
and be in a position to put in force my method the way I desired to, well, I want to be in a position to function very quickly, I want to be capable to whilst I’m a day trader, right? I’ve bought to be in a position to get in, get out, make choices rapidly and simply function in a very quick manner.” And it is why the order entry field very, very important.
So to simply begin matters up, let’s simply say for example, that in reality I’m getting a head of yourself, so the first factor that I like is this container proper here, you click on on it and you can see it offers you a bunch of special alternatives and these selections are nice
because once more in the spirit of shifting quickly, you can simply say, “now I desire five hundred shares.” Maybe for something purpose or now not I solely desire 100, for some thing motive I choose 250, do you see how speedy that is when it comes to how many shares you want? You’re do not have to click on on it and say, “okay I favor five hundred shares”
and kind that in no, if you prefer a 100, simply like that. Now the excellent issue is I should see you saying, “Well, Clay however I don’t.” Right now I see you 1,000, 250, five hundred I do not use any of those, so the fine aspect about the platform
is if you come over right here to putting and then come over right here to trade, then you can simply focal point proper right here on the often use share extent which is in reality nice, they truely supply you a couple extra the place you may want to enter in how many you know, your default settings are however let’s simply say for anything motive I’m simply definitely making this up,
let’s say that, you like to do 300 shares at a time for anything reason, you simply like to use 300 shares so you simply enter it proper there, so let’s now go again to the alternate and you click on proper there and take a look at it out now there is 300.
So very, very stable however for this sake let’s simply say that, you know, and proper now we’re searching right here at Apple, however you wanna purchase five hundred shares of Apple for any price, which means you would wanna use a market order
and how speedy some thing can that be? Well, we wanna buy, so boom! That fast, market, be aware how quick that was once five hundred and then you should come down there and boom! Go in, now it says, now not tradable for me
just due to the fact this account is no longer funded and I do not use this platform. What platform do you use Clay? ’cause I can see the questions happening, the platform that I use requires at least $25,000 in your account, so if you do not have 25,000
then it simply might not it be relevant to you and most humans I be aware of when they’re novices at day buying and selling and simply getting started, they do not have 25,000, however so this is why for me I’m no longer the use of this platform it really is why it says no longer tradable.
But the factor right here being that you wanna be able to function very rapidly and you noticed how quick it was, it was once actually three clicks all I had to do used to be click, buy, market, five hundred once more let’s simply say that possibly I desired to go sure,
meaning you wanna promote first and I do not know, I’m simply pronouncing the 300, so okay, I wanna promote 300 like proper now in Facebook watch okay, ready? Sell, boom! 300 come down there boom! Click it and you can make it. See how quick that was? I did not have to take my fingers off
the mouse at all, it was once all executed very quickly. Now, I recognize some humans and this is for me and now not a need to have however if you click on right here on the settings, you can click on proper there and you can set up all kinds of hotkeys,
this is I experience like a distinctly debated trouble like I said, I’m no longer pronouncing you are stupid, I’m now not announcing you are silly, I’m certain different human beings would name me dull like, “I cannot agree with you don’t use hotkeys Clay.” Like I stated it is a count of debate ’cause hotkeys can get you in a lot of hassle simply as plenty as they can get you out of it,
but the factor right here being that if you do wanna set up hotkeys that does exist inside the platform itself, however as a ways as the order entry field as you simply noticed very, very quick, now, if you desired to perhaps purchase for a restrict it would simply be buy, you can kind in your limit
type in the charge 155, possibly 250 shares in this case and then come down there and there you go. Now a restrict you do not want to function as quick due to the fact the way the restrict order works, the fee isn’t always gonna be,
it’s now not as pressing that you get in, however if like said, you prefer to do a market order then it is simply as easy as that and then you can cross very quickly. So it really is the fourth element that you want to have, and then the remaining factor you want to have
is you want the capacity to obtain context, you want the capacity to construct a desirable association basis for your exchange sketch and I’m no longer gonna go a long way down this rabbit hole, however once more down beneath this some thing to you know, how I discover shares to alternate and a phase of that ,
I simply go over one of the first steps you ought to be taking to construct a change plan, and simply set up some prevalent context. And due to the fact of that, due to the fact you wanna be in a position to no longer solely analyze a alternate from as many angles as feasible assume again to the timeframes, however you additionally wanna be in a position to set up context
which is the place this subsequent issue comes into play, and that is searching at all the markets and scanners and the huge issue here, now there may be a couple scanners I suggest so this does have a screener if you wanna go via a bunch of screens, however and this will imply a little bit greater if you watch that different
but simply recognize that you wanna have the potential to seem to be at the place some of the pinnacle movers are, the place some of the pinnacle and most energetic matters are. And it really is what you have over here, you have pinnacle gainers, you have pinnacle losers and that is gonna be very, very necessary I promise
it’ll make a entire lot extra experience if you watch that different down under about you recognize how I discover shares to trade, however if you watch that and then come returned then this will be make best feel about why this is important, and why it things and why your platform need to be capable to provide you some type of form.
Now possibly they would possibly no longer talk, name it pinnacle gainers or pinnacle losers they would possibly name it gaps, my platform for example, calls it risers and fallers what you may see in that different , however you want to have the ability, your platform wishes to provide you the device to be capable to simply quickly, rapidly see
where the movers are, what’s energetic out there, understand the place the massive gaps, where’s all the motion at and from there you can begin to construct a play exchange format and set up some general context. So I hope you do determine to watch that down below.
But these are the 5 matters your platform wishes to have. Again to simply recap it. Candlestick, you wanna be in a position to seem at more than one timeframes, a couple of angles, right? You want to have the capacity to draw trendlines
and for the platform to take note these trendlines you want to have a very, very efficient, you want to be capable to function very rapidly so your order entry wishes to be fast, it wishes to be convenient to do and then ultimately range five, want to have these pinnacle gainers and pinnacle risers
whatever it is you know, your platform is gonna name it however like I stated Webull known as most lively pinnacle acquire or pinnacle losers and then as a relying on the place you are at in your journey, this is type of a variety six with an asterisk subsequent to it. A platform that provides you paper trading
can additionally be very beneficial, and proper there you can see paper buying and selling that is the equal perhaps for new, this is the identical as simulated buying and selling this is the identical as demo trading. I’m attempting to suppose of any of the different phrases that exist out there, however normally I assume these are the three more
you know, typical phrases both paper trading, simulated buying and selling or demo buying and selling all three of these suggest the identical thing. You’re buying and selling however you simply do not have any actual cash on the line. So again, I like I said, if you’re manufacturer new and you desire some kind of platform that offers you the potential to do that, nicely then, there you go
this platform additionally affords that place, that if you are now not absolutely concerned about that that is why I did not pretty make the pinnacle five. So I in reality do hope this helps you out and as you are simply getting commenced and doing your lookup for a platform or if you are now not then perhaps I can simply retailer you a complete bunch of time
and you can simply go with Webull from the start. So I can like I stated if you do favor to do that hyperlink is down beneath and as soon as extra transparency sake it really is a fiddle at link however it is a win-win will each you comprehend advantage from it, you may get a couple shares if you use that hyperlink however if you have any different questions or whatever please let me be aware of down below.
If you loved the and if you choose me to make greater movies like this then best way to come point out that to me, hit that like button. Also down in the remark part do you have any different recommendations for movies like this? I make no guarantees that I’ll really do it however I’m constantly searching for feedback. I for my part believe
that I’ve one of the pleasant communities due to the fact of direction each and every remark part is gonna have trolls however 99% of human beings that depart remarks on my movies they’re awesome. So I’m inclined to hear like I said, I’m no longer gonna promise that I without a doubt do a , however if you do have any questions or suggestions
for you be aware of future , please let me understand however like I said, if nothing else and you simply desire to inform me, “Hey Clay, thank you for making the video, please preserve making movies like this.” But I’m certainly busy right now simply hit the like button it really is all you obtained to do, and then additionally and finally, test out the channel as a whole
and a lot of different kinds of , stay change movies different movies like this that assist you out, assist you getting started. So with any luck determine to sooner or later hit that subscribe button I would love to have you as a subscriber to the channel. But again, hit that like button, depart a remark down below
thanks for striking out and optimistically this helps you in your ride of discovering a great on line buying and selling platform. First off, thanks so plenty for observing the complete video actual speedy earlier than you go, I wanna invite you to a stay webinar, net class, training, workshop, on-line event, anything you wanna name it
but it will be me stay revealing to you what I found that has allowed me to seriously change myself from being an worker to being my very own boss. Including how I had solely one dropping day out of seventy three days in total.
I’m going to cowl three keys that have helped me liberate worthwhile consistency inside the markets, the first key is fantastic bizarre however in a productive kind of way, the 2d key is fantastic exquisite due to the fact it pretty actually is wired into our DNA as human beings making it very convenient to use