We all know someone who wants to get into trading but just doesn't. Most of the time that someone is ourselves. We constantly give ourselves excuses and reasons not to start, but are any of them valid?
Some are. We might not have the time, energy, or finances to start trading. More often than not, though, we're lying to ourselves. We don't have the confidence to make that initial leap.
That's why we here at Immediate Edge have developed a system designed to help make your first steps as easy as humanly possible.
Our trading algorithms take all of the hard work out of trading by doing the research for you. Not only does this save you a lot of time in your trading life, but it means that you need next to no education to start trading.
The Immediate Edge team takes pride in helping new traders get started, so we've removed as many barriers to entry to our platform as possible. When you succeed, we succeed, so we hope you're going to stick around to start your trading journey with us.
Our team of elite designers has homebrewed the Immediate Edge app to do one thing. Help you get started. A part of that goal is our user interface design. We noticed that a lot of other trading apps threw information at its users with reckless abandon. This might be all well and good for an experienced trader, but it can be extremely disorientating and overwhelming for a beginner.
To avoid this, we've made sure that our pages only contain essential information. You're not going to have technical terminology and statistics thrown in your face as soon as you log in. All you're going to see is a clean screen that shows you how to navigate around the app easily.
That information is still there, of course, but you have to want to see it to find it. It's not just our UI and navigation that's homegrown, though. The Immediate Edge trading algorithm is cutting edge and one of the most advanced trading bots ever created. Other trading system algorithms tend to be quite simple.
The AI collects market data, inputs that data into a formula, and outputs a result that determines whether or not it makes a trade.
This approach misses one key trading factor, though, and that's the human element. Any economist can tell you that a market is defined by how consumers and producers interact with it. You can only go so far by looking at the preexisting numbers. To make true predictions, you need to see what other traders are doing.
AI and human connections have been notoriously difficult to create in the past, but we've succeeded in the development of an algorithm that can read human action accurately and turn that information into numerical values. The Immediate Edge AI scans for the activities of other traders, checking whether people are buying or selling. It also checks the actions of producers of various markets, looking for key pieces of information: upcoming product shortages or price adjustments.
It then turns all of that data into numbers that can be used in our own formula, meaning that our trading output stands a greater chance of being accurate than just about any other trading system out there today.
We want to help non-traders get involved in the industry. That goal meant that it was early on when we decided we wanted to offer as many different trading markets as possible.
By giving new traders a wide range of choices, we offer them the ability to dip their toes in multiple waters. You can get a feel for what you like, what you don't like, what you're good at, and what you need to improve in.
While we have a wide range of different trading options available, there are four key areas that we like new traders to focus on.
Bitcoin is the new kid on the trading block, but it's by no means the smallest. Bitcoin first came to prominence in 2017 and, in the short years since then, has completely changed the trading game. If something can have such a strong impact in such a small space of time, then you know it's worth learning about. Bitcoin is a challenging but rewarding place for beginner traders to start. It's a currency, meaning trading it should be comparable to the Forex. However, Bitcoin acts much more like a commodity, gold, for example, than it does the likes of the dollar or euro.
This is why it can be tricky for new traders to get their heads around it, but if you can, it opens up a world of possibilities. We're not just talking from a financial aspect, but from a philosophical one, too. One of the main reasons Bitcoin has received so much attention is the impact it's having on the financial sector. It's the first time in modern history that people have had a viable alternative to using bank generated currency.
Bitcoin is created on an independent system, meaning it's untraceable and completely free from governmental control. If the idea of freedom from the authorities interests you, then you're going to want to start trading with Bitcoin as soon as you create your account.
If Libertarian philosophy isn't something that interests you, then commodity trading is the more conventional place to start. It's the easiest form of trading to dive into, mainly because you're already involved in it to a small degree. Commodity trading involves investing in tangible items that have market value. If you've ever bought a bulk load of a retail item, then you've taken part in a very simplified version of commodity trading.
Things like alcohol, tobacco, gold, and silver are all commodities that you can invest in. These items are physical, meaning when you buy, you take ownership over something tangible, making commodity trading investments rather secure. It's easy to understand where your money's coming from with this kind of trading. The items you're buying all have a market value, so there's little room for interpretation.
If you're completely new to trading, we recommend that you start here. It's an easy way to get your feet wet and can serve as a stepping stone for more complicated types of investing.
Asset trading is very similar to commodity trading in that you're buying and selling items that have tangible value. The major difference is that assets don't have a definitive value. How much an asset is worth depends on a number of variables and, in certain cases, may even be open to interpretation.
When you buy an ounce of gold, you know how much that ounce of gold is worth. It might increase over time, but that ounce of gold is going to be worth the same as someone else's ounce of gold. That isn't the case with assets. You and someone else might own the same asset, but the value of the two might be wildly different.
A house, for example, can be considered an asset. How much a house is worth, though, depends on a massive number of different variables. Location, square meterage, size, shape, whether any work needs to be done, and more all play into how much you can sell it for. What's more, the value of your house may be different for different buyers who all value different things.
This makes asset trading both exciting but a difficult place to start. Typically, you're going to want to have an expert level of knowledge in an industry of some sort before you venture off on this type of trading.
The last type of major trading we offer are CFDs or cash for differences. CFDs are nothing like the other three markets we've discussed, mainly because it doesn't actually involve the acquisition of assets.
CFD trading is comparable to a bet. You're wagering money on the certain movement of a particular market. You believe that the price is going to go up or down by a certain amount and put money on that prediction. Unlike with other forms of trading, if that prediction is wrong, you lose the money.
With commodities, the value of your investment might drop, but you still have something tangible that you can use to minimize losses. This aspect of CFDs makes it extremely risky to get involved in. It's very much an all or nothing scenario. Unless you have some form of insider knowledge or market expertise, you should stay away from this kind of trading for now.
We've included it on the platform because it serves as a kind of natural progression for our users. Once you get comfortable with our other forms of trading, you can try this method out.
We're a trading platform for beginners, so it's only natural that we get asked all sorts of questions. We get some questions more often than others, though, so we've decided to put together a short FAQ section for you to have a read of.
Using Immediate Edge is going to cost you absolutely nothing at all. One of our main goals is to make it as easy as possible for people to start trading; that means eliminating every obstacle that we can.
One of those obstacles is the aspect of financial barriers. We can't give you money to trade with, but we can make sure you have a free platform to trade off of.
Trading Platform is set up so that we're partnered with a variety of trading marketplaces around the globe. These are the markets through which our algorithm places orders. Thanks to these partnerships, we've able to offer you Immediate Edge completely free of any and all charges.
There are no signup fees, no subscription fees, no deposit fees or commission, and absolutely no hidden charges.
Our main goal isn't generating a large profit margin; it's helping people like you change their lives through trading.
While there's no definitive way to determine when you should start trading, there are a few indicators that you can follow yourself.
Firstly, make sure you're financially stable before you dedicate money for trading. No matter how good the Immediate Edge algorithm is, things can still go wrong.
The majority of the world's recessions were completely unpredictable. Even the most experienced economists were left baffled in 2007 when the economy crashed.
This level of unpredictability means that you should never trade more than you can afford to lose.
If you're struggling to keep the roof over your head, then you have no business buying gold. That's reckless and irresponsible. Wait until you're in a sounder financial position, and then start investing.
In what is a bit of a paradoxical statement, the sooner you can start investing, the better. This rule always comes after the second one. Most people don't have the financial situation needed to start trading until their upwards of their 40s, so take this as a general guideline.
A lot of the investments you make, most notably gold and Bitcoin, compound with time. One Bitcoin now is going to be worth a good deal less than one Bitcoin in ten years' time. Therefore, the sooner you can start buying, the better.
Never use this logic to make reckless decisions, though.
The best thing you can door for your financials when you're young is clear off your debt. Focus on making sure you have no student loans left and get a solid roof over your head before you even begin to think about investing.
In the meantime, you can read up on the area that you want to invest in the prepare yourself for when that time does finally come.