The world of financial trading offers countless avenues and tools for traders to utilize, ensuring optimal trading results. Among these tools is “easyTrade,” an innovative platform developed with the trader in mind. In this comprehensive guide, we will delve deep into what easyTrade is, why it stands out, and the remarkable features that set it apart.

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Introducing easyTrade

easyTrade is designed for traders who wish to have a straightforward approach to trading without compromising on potential rewards. At its core, easyTrade promises two critical things: limited risk and unlimited potential. With a straightforward demo account option, even those new to trading can get a feel for the platform before diving into real trades.

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How easyTrade Works

1. Risk Assessment: Before you begin, easyTrade ensures that you set a predetermined limit on the amount you’re willing to risk, allowing you to manage potential losses proactively.
2. Trade Time: Choose the duration of your trade. Whether you want it to expire at a set time or close it manually before its expiry, the choice is yours.
3. Potential Payout Visualization: With an intuitive graph, you can visualize how your trade and potential gains alter based on the chosen options.
4. Equivalent Deal Size: This denotes the size of your trade based on your selected options, ensuring transparency.
5. Rate Monitoring: Stay updated with the current price of the market you’re trading in.
6. Decision Time – Up or Down: After setting up, decide whether you believe the rate will rise or fall.
7. Payout Target: An exciting feature that enables you to automatically close your position once it hits a predetermined price. This is easily accessible through the easyMarkets Web Platform or mobile applications.

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Diverse Instruments

With easyTrade, you’re not limited to a handful of trading options. The platform supports a wide array of instruments including, but not limited to, BTC/USD, EUR/GBP, AUD/USD, and many others.

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Why Choose easyTrade?

Unlimited Reward:

The underlying technology of easyTrade doesn’t impose caps on your potential. Thus, if market conditions favor you, your trade can keep accruing gains.

Limited Risk:

The platform’s very foundation lies in the ability to control risk, ensuring traders don’t bite off more than they can chew.

Flexibility:

In an ever-changing market, flexibility is crucial. With easyTrade, you can respond quickly to market volatility, making it ideal for significant macroeconomic events.

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easyTrade vs. Binary Options

Binary options often pose an all-or-nothing scenario. With easyTrade, traders get the current payout back. While binary options have a capped payout of 90%, easyTrade boasts unlimited potential payouts. Plus, traders have the liberty to close their trade before expiry, a feature not available in binary options.

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easyMarkets Web Platform

Beyond easyTrade, easyMarkets offers a powerful and intuitive platform with features like dealCancellation, Freeze Rate, and Inside Viewer. With no additional costs like funding or withdrawal fees, fixed spreads, and a plethora of other tools, traders have a comprehensive platform to navigate the financial markets efficiently.

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Innovative Features Overview

dealCancellation:

An exclusive tool to the easyMarkets platform, allowing traders to undo their trades within a time frame, thereby reclaiming potential losses.

Inside Viewer:

This provides insights into market sentiments by displaying trading trends among fellow traders.

Freeze Rate:

An innovative feature that lets traders “pause” market rates momentarily, ensuring they get the rate they desire.

Trading Simplified:

The platform integrates tools, financial calendars, market news, trading charts, and signals, making it a one-stop-shop for traders.

In conclusion, easyTrade, under the umbrella of easyMarkets, offers a multifaceted approach to trading, making it a preferred choice for both novice and seasoned traders. With features tailored to safeguard interests and maximize returns, easyTrade is redefining the trading experience.

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FAQs about easyMarkets’ easyTrade

What is easyTrade and how is it different from traditional trading options?

easyTrade is a trading feature that allows you to set a maximum amount you’re willing to risk. Unlike Binary Options where the payout is predetermined and capped at 90%, easyTrade offers unlimited potential payouts. Additionally, with easyTrade, you have the flexibility to close the trade anytime before expiry.

What instruments can I trade on the easyTrade platform?

You can trade various instruments including BTC/USD, EUR/GBP, AUD/USD, and many more, making a total of over 30 currency pairs and commodities.

How can I set an automatic payout target for my trades?

To set a Payout Target, load the easyMarkets Web Platform or mobile app (iOS/Android), select your open position, and click on the ‘edit’ icon. This feature allows your position to close automatically once it reaches your pre-defined price.

Why is easyTrade beneficial for responding to macroeconomic events?

easyTrade provides a swift response mechanism, allowing you to set the trade time in anticipation of major events like announcements from the NFP, FOMC, ECB, or other Central Banks and policies.

What is the “Freeze Rate” feature offered by easyMarkets?

Freeze Rate is a unique tool that allows you to pause the market rate for a brief moment, giving you a buffer to execute your trade at the frozen rate. It can be particularly useful in volatile markets like Forex or Cryptocurrencies.

How does the “dealCancellation” feature work?

dealCancellation is an innovative tool that allows you to “insure” your trade. If you see the markets moving against your trade within the chosen duration (1, 3, or 6 hours), you can cancel the trade and reclaim your losses for a small fee.

Are there any costs associated with using the dealCancellation feature?

Yes, there is a fee for using dealCancellation, which is determined based on recent market volatility.

Can I apply dealCancellation to any product on the easyMarkets platform?

dealCancellation can be applied to many day trading products including currencies, gold, silver, and oil. You can check if it’s available for a particular product by looking for the dealCancellation icon on your trading ticket.