Welcome to Smooth Trading
We'd like to welcome you to Smooth Trading. Here, you will find all you need to know pertaining to the safest and best places to trade online, be it forex trading, cryptocurrency trading, CFD trading, and so on.
It is a sad fact that the financial trading industry is thwarted with conflict of interest and fraud. Brokers have been long known to manipulate prices and even refuse withdrawals, thereby destroying retail trader balances and finances, over time, but also damaging an industry that is otherwise interesting, exciting and potentially profitable for anyone who is prepared to take time to understand and learn how to trade. Despite what some websites say, trading is NOT easy, and it is NOT a guaranteed way to make huge amounts of money. Yes, you can choose to guess, but that is simply gambling. Real trading takes time, effort and learning. It therefore becomes harder and harder to know where to trade that is safe and secure, with quick and painless withdrawals when you want to withdraw profits. So, this is where we want to help.
Smooth Trading provides broker reviews and recommendations. This is not just “another” review site, however, as we use our industry experience and knowledge when screening and selecting a broker, so that you don’t need to worry. The broker selection process is nearly as important as the process of actual trading, so allow us to be your guide through the enormous number of Forex, CFD and Options brokers that are in operation today. You will find NO SCAMS on this site …. Just honest, reliable, ethical brokers. And that is why you will not find huge lists of brokers on this site ……. We don’t want to list loads of brokers just so we can squeeze as many referral commissions as we possibly can from our readers; no, we simply recommend the best, safest and most reliable places for trading online.
FX and CFD Trading
The Foreign Exchange (Forex) market is similar to the stock market, with the main exception being that the commodity is actually currencies. When trading Forex, you’ll be trading one currency for another, based on your speculation on the rise and fall of their value. The goal, of course, is to make a profit. What few people will tell you is if you dive into Forex trading without knowing how to trade, you're not likely to be very successful.
Currencies trade in pairs and are traded on a margin. One example would be the EUR/USD pair. Here, the euro would be the base currency. If you think that the base currency will increase in value relative to the second currency (USD, in this example), you would enter into a buy position. If you think that the dollar will become stronger, you'd take a sell position for the base currency. Even the smallest price fluctuation in your favor can mean large profits, but the market can also move against you, which is why research and analysis are vitally important when trading Forex.
CFDs (Contracts For Difference) are derivative products in which you can trade on the difference between a certain asset’s set starting value and its closing value. By using a contract for difference, which is basically just a contract between a buyer and seller that specifies a certain purchase price and allows for profits or losses based on the change in the price of the underlying asset during a specified time frame, a trader can participate in a financial market with a smaller initial investment.
When trading options (sometimes known as digital options), profits are earned from simple predictions of asset price movement. To successfully trade options, a trader need only enter into a position based upon their forecast of whether the price of an underlying asset will increase or decrease. Unlike many other forms of trading, it is not a requirement that the asset price increase for a profit to be made. Even if the asset price drops, a profit will be made, so long as the trader entered the correct prediction. When trading options, a "Call" option is a prediction of a price increase, while a "Put" option is a prediction of a price decrease.
Option trades are timed, meaning that they will close at a predetermined time. The price of the asset at the time the trade closes is compared to the price at the time the trade opened. It is at this time that it will be determined whether or not a profit was earned. Some options brokers now offer extra features, such as the ability to sell a position and exit a trade early. However, the basics of options trading should be mastered first to ensure a higher chance of profitable outcome on your trading.
Choosing the right Broker for FX, CFDs, Options or Cryptocurrencies
The act of choosing a solid broker is one of great importance. Most FX brokers offer the MetaTrader platform, which is excellent, but above and beyond that, there can be many differences. Trading fees, commissions, deposit and withdrawal fees, and other costs can add up. For FX and CFD traders, other considerations include spreads, leverage, and asset variety. For those who trade Options, there is also the consideration of asset availability, expiry times, entry rates and more. With so many things to consider, how can one make the selection process easier? Well, that is why we are here!.
Here you will find detailed information on the top brokers in the industry. We have done the work and the research for you, so that you don't have to. We have looked at all the details for each of the aspects listed above, and much more. Deposit and withdrawal information, demo accounts, broker regulation, deposit bonuses, and more. So the brokers we are recommending here are among the top brokers in the industry - safe, reliable and trustworthy.