A Complete Beginner’s Guide to cTrader Platform

If you’re new to the world of trading, you might be wondering if cTrader is the right platform for you. We’ve got the answers here!

What’s cTrader Platform?

cTrader is an online trading platform that’s been around since 2010. It’s used by professional traders and beginners alike, and it offers tons of features to help you get started with your trading journey.

No matter which cTrader broker you choose, it allows for trading multiple CFD assets: from Forex pairs, to Shares, Indices, Energies, Metals, ETFs and Crypto pairs. The platform provides advanced and precise trading chart tools, fast entry and execution, level II pricing and more.

The cTrader interface is user-friendly and traders can use it both on the go and at home as it’s available to trade on the web, mobile (also iOS!) and desktop. If you are just considering switching, you may also be interested in testing it risk-free on a demo account first.

Choose How You Want to Trade on cTrader

If you’re interested in trading on cTrader, it’s important to know the different types of trading that are available. The platform allows for copy trading, algorithmic trading and as well allows investors to execute their own trading strategies.

Manual Trading

There are many reasons why traders choose manual trading over other types of trading. As a newbie, know that traders mainly choose it to keep an eye on what’s happening with their investments at all times, execute their own proven-before strategies and benefit from the range of advanced technical indicators for chart analysis.

If you decide to trade manually, you’re responsible for your trades: when to open and close positions, how much money to invest in each position, and what to do with your profit or loss.

This may sound like a lot of work—and it can be! But many traders choose to execute their strategies by themselves because they want more control over their trades and their investments.

Copy Trading

On the cTrader platform, traders can also copy strategies of other, experienced traders called Strategy Providers. This is a perfect option for those, who stopped opening trades manually because of a not thought-through strategy, don’t have time to study the basics of investing or simply looking for another way to trade.

For example, with one of the cTrader brokers – Fondex, traders can choose to copy trade various strategy providers directly from the Copy Section on the platform. All a trader has to do is to navigate to the “Copy” tab and choose a strategy of their choice. This way of trading is fully adapted for both Android and iOS users.

Some strategies even give the option to copy them on demo accounts, so that traders can test chosen strategy in real conditions before they decide to invest real funds.

Algorithmic Trading

Automated trading, on the other hand, allows traders to choose and allow robots to trade on their behalf. Traders set up a robot that will automatically buy and sell assets based on a specific criteria.

There are a few reasons why traders choose algorithmic trading. Some simply do not have the time or desire to watch the markets all day long, or find it too difficult to predict when prices will rise and fall, so they prefer the hands-off approach of algorithmic trading (also called Automated).

Conclusion

Everyone has their trading platform of preference and for many that is the cTrader platform. Traders and investors choose it not only due to its full range of features, but also because they can freely decide how will they trade – manually, copy trade or use robots. Some cTrader based brokers, also offer zero commissions on the trades, and other advantages like a BTC trading accounts. Since it’s a platform built by traders, for traders, it will satisfy any budding or veteran investor.