Read our Firmon review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Firmon review before you sign up with the broker.
Trading and making money from it is just like making money from any other business venture or job in the world. Some people are under the impression that they can just start trading and making money right away. It’s not a magic wand that you can sway in the air to make money.
Trading requires a lot of effort from you to achieve your financial goals. At the same time, you have to be sure to step in the right direction, make the right moves at the right time, and make the right people your partner to get the results that you have been dreaming of.
In my experience, before you pay attention to anything else, you should think about the broker that you will sign up with. See, the company with which you sign up for trading purposes has to be taken as your first partner. You have to be very picky and choosy before you pick your partner. Also, you have to think in the long-term, rather than signing up based on the initial impression. So, I give you Firmon, which I think is a platform that really provides you with some great long-term value when you start trading. I have been relying on this partner for quite some time now and that’s why I feel the need to recommend it to others.
Now, my job here is not to promote the company. Instead, my job is to provide you with all the information about this platform so you can make a decision that’s in your favor. That’s exactly what I am going to do with this Firmon review. So, keep reading and hopefully I will help you make up your mind about this company.
Trade in Many Markets
There are things that I have learned only after I had already started trading. I am sure that it is going to be a learning experience for you too. However, the thing that I want you to know here is that you should stop focusing on less important things to pay more attention to things that really matter. I have seen many new traders losing their hope in trading because they don’t focus on the right things. For example, they have a particular asset that they like and just want to trade it. When you tell them that they should invest in other assets, they don’t seem convinced.
I have had this particular scenario occur to me many times. I learned from the experts that you should never be investing your money in the same asset. In the end, if the asset goes down in value, you lose all the investment that you have made. On the other hand, if you can diversify the investment across a variety of assets, you can reduce the risk size associated with every trade. At the same time, if you are losing money in one asset, you might gain the same from others. This is the right way of trading and that’s the method all the best traders in the world use when they trade.
I am happy to tell you that Firmon is providing you with access to a variety of assets in many markets. This allows you to trade many assets at the same time so you can make money from them simultaneously. Of course, you can lose money as well if your prediction and speculation are not right. However, once you have your money invested in many assets, you have already distributed your risk. With Firmon, it is easy for you to do that because you can trade commodities that include gold, platinum, silver, oil, gas, coffee beans, and much more.
Furthermore, you can trade forex currency pairs that are not limited to the major ones. Mostly, you get to trade only the major currency pairs, but with this company, you can access the most volatile ones too.
Lastly, you have digital currencies that you can trade with the company. You don’t trade them in the form of CFDs thought. However, you will have access to many of them so you can pick the ones that you like the most. If you talk about CFDs, you have the stocks from many major companies of the world in addition to indices that come from a variety of markets from many parts of the world.
Trading Platform That Offers Convenience
The trading platform that you use for trading should never be a nuisance. You might think that the talk of trading platform being a nuisance does not make sense, but I will explain that it definitely does. Here is how. The first problem you can have with the trading platform you are on is that it is not easy for you to use. Yes, that’s a thing, just like it is a thing with any other software, car, product etc. You know certain things are made easy for you to learn them within a few seconds. The ease of using a product shows the prowess of its creators.
Some trading platforms that I have used in the past were so difficult that I could not get a hang of them until the time I quit using them altogether. The second issue you can have with the platform is its slowness. It can cause you not only trouble but also financial damage. The prices you see on such a trading software tool are not updated. At the same time, when you place an order to buy or sell an asset, your orders are delayed. That causes you to trade assets at the prices that you had not even seen while trading. In the end, you end up at the wrong side of the trade.
In recent times, your trading platform can be a nuisance when you can’t use it on your daily available devices. Being on your computer for trading is a thing of the past. Today’s traders like to trade regardless of their location. They want to be able to trade on their mobile devices. That’s where the trading platform from Firmon comes into play. I can tell you with confidence that it is one of the easiest options out there. You will learn it in minutes despite the fact that you can find just about all the advanced charts and graphs that you need while trading on it.
Furthermore, its availability is yet another factor that makes it better than most other platforms out there. You can use it on just about any device with any operating system. Whether you are using MAC, Windows, iOS, or Android devices, you can use the platform on all of them. The size of your device does not matter and your location is not even an issue. You can trade from anywhere in the world without any issues.
SSL, Encryption, and Segregated Funds
Now, it does not really matter which platform you are on or which broker you sign up with. What you have to care about are the three most important things as a trader. These three most important things are associated with your security on the internet as a user and a trader with your trading services provider. So, you know that there are many different types of entities on the internet, the good ones and the bad ones. Once you are with the right people who care about your security, you don’t have to worry about either of them.
SSL on the website ensures your security when you are on the website of the company. Now, you have to keep in mind here that this is not something limited to online trading services providers only. Even when you are on an ecommerce website buying something, you have to make sure that they have proper SSL certificates installed on the website. This shows you how professional the website is and how serious the business is with its customers. Here, you can rest assured that when you sign up with Firmon, you are on a website that has proper SSL certificates.
Every piece of data that you provide on the website for your identification or bank account information will also be encrypted by the trading platform. Encryption is extremely important for any piece of information that travels through the internet lines. Without encryption, someone can easily get a hold of your information, steal it, and use it somewhere to their advantage. So, you should have no worries of getting your data stolen because Firmon will properly encrypt that. Last but not least, you have the segregation of funds.
The money that you deposit in your trading accounts does not technically belong to the company that you are trading with. Yes, you are using their services but they charge for their services in other ways. The money that you deposit in your account belongs to you and it should not be mixed with the money of the broker that provides you with trading services. So, the online industry follows the standard of putting every trader’s funds in separate accounts, or segregated funds as they like to call it. The money you deposit in your trading account with Firmon will also be maintained in segregated funds.
Personal and Banking Information Submission
If you are a new trader, you might not be fully aware that you have to submit your banking and personal information as soon as you sign up with the online trading platform. Do keep in mind two important points here. First, you will not be able to sign up with the company unless you provide this information. Secondly, you can’t really think about signing up with a company that does not ask for these details. A company that does not ask for this information is not playing it safe for you. Unless you identify yourself as a unique individual on a trading platform, you are not doing justice to yourself.
So, think about it, if you don’t provide your identification information, how can the company know it is you? If someone else is pretending to be you, how can the company find that out? They can’t find that out unless they have proper information on every customer that signs up on the trading platform. That’s where the KYC policy comes in, which stands for Know Your Customer. Every online firm that provides trading services is required to adhere to this policy. Unless they collect proper information from every customer, they are not adhering to the online safety standards.
Now, when you sign up with Firmon, you will have to submit your personal information. You will have to provide the company with your personal identification information from your driver’s license or any document that your government issues to its residents. In addition to that, you will have to submit information of your banking details. The details you disclose depend on the type of method you are using for deposits. If you are depositing through credit or debit card, you will have to provide the numbers on them. If you are using wire transfer, you will have to provide information from the bank statement.
Keep in mind that you will have to send the information of all your documents and identification through pictures. These pictures prove that you are the person who not only has this information but also the documents from which you are reading all the information. Think about it, if someone has stolen your information from some website, can they provide the pictures of the your credit cards, debit cards, or bank statements? That’s how Firmon is keeping its trading platform safe. It does not allow any identity thieves and money launderers to use its trading platform for any illegal means.
Amazing Trading Education
I highly recommend that you don’t fall for any claims from any traders that they started trading without any education. That’s not the right way to start this particular venture. Even if you benefit in the beginning, I can tell you that it will be nothing more than fluke. You don’t want to base your trading journey on flukes. So, make sure that you care about everything that matters in your journey of trading. So, before you put your money on the line and enter a trade, make sure you have acquired proper education from some source on how you can trade.
Now, the best thing is that you can learn trading from the broker that you have signed up with. The good news for modern traders is that they can get whatever education they need about trading from the companies that they sign up with. You don’t have to pick any online third-party resources for learning how to trade. In this particular case, Firmon has all the details, courses, ebooks, videos, and other materials available for you to learn trading like never before. Whether you want to learn the basics of trading or become a professional trader with advanced strategies, you will learn it all from this material.
I like the fact that the trading services provider has put a lot of great information on the website as well. If you explore the website, you will find a lot of information about trading basics and the assets that you will be trading. There is also a detailed glossary of terms on the website that you can use for learning all the terminologies that traders use. This will help you learn trading easily because you will know the meaning of every term that comes before your eyes while acquiring trading education. You can also benefit from one-on-one training sessions if you want to learn trading from the best experts in the industry.
Why is it that you should learn only from the material that your broker is providing you? Well, the truth is that you will not have to spend extra money for it. Secondly, you will learn from the material that has been put together by some of the best professionals. In some cases, you sign up with online companies and get into their training material only to find out that some non-professional people have put it together. So, the material you get from them is nothing more than generic definitions of things that you can learn from anywhere on the internet. The training material from Firmon is much more than that.
There is a huge difference between trading education and trading help that you can get from the company you sign up with. I have to tell you here that there are some people who will tell you not to get any help while trading. They try to tell you that you can trade with your own skills. There is no doubt that you have to use your own skills to trade, but it does not indicate you cannot use any tools. The trading tools have been designed for all the traders in the world. You will not be making a mistake when you use them. In fact, the best professionals and investors use them too.
What’s important is for you to make sure that you sign up with a broker that can provide you with all of these tools. So, when you sign up with Firmon, you will notice that you have help in the form of video chart analysis. They will teach you how you have to read the charts to predict the prices of the assets. You will also receive proper news from the market every day so you know what factors are affecting your trades and the assets that you are thinking about trading. Also, you will receive market reviews that summarize everything for you so you don’t have to read huge blocks of letters to know the market conditions.
The live market summary is something I love the most. It helps you trade at any point of the day when you feel like trading. So, before you enter the trade, it is best that you look at the summary to know the sentiment of the traders in the market. This will allow you to pick the trades that you think will be beneficial for you in the long run. Last but not least, you can take advantage of trading signals. Trading signals are collected after thorough analysis of the asset prices in the past. These signals tell you if it is better for you to buy an asset or sell it. You can get help from these trading signals to know which direction you should be going in.
And I can never forget the most important point that matters in every trader’s career. When you start trading online, you need to get in touch with the company for a variety of reasons. Sometimes, your trading platform might act differently. At other times, you just need some help while depositing or withdrawing money. Is there any customer support from the company that is providing you with trading services? I have to tell you that the FAQs section on this website I probably the most detailed FAQs I have ever seen from any other broker. Furthermore, you have the live chat support on the website. Don’t forget that the customer support is there for you 24/6.
Firmon has created a perfect trading system in which you feel comfortable because you know you are trading with safety. Furthermore, you have all the opportunities to make gains from your trades because of the number of markets you will have access to and the trading tools you can get help from. Also, the trading platform you are getting from Firmon is probably the fastest and one of the most advanced options that you will get your hands on. With all of these things at your disposal, I don’t think it will take you a long time to become a professional trader from a beginner once you are with Firmon.