Are myths about trading holding you back from starting? Meet Doto, the CFD broker that will bust them and show you that trading is easier and more accessible than you might think. Spoiler alert: By the end of this article, you’ll be able to open a trade in just a few minutes, and there’s a bonus waiting for you at the end. So dive in!
Myth #1: Trading is too difficult
Ever thought, “I’m no Wall Street guru,” or, “Those charts look like hieroglyphs”? Don’t sweat it! Doto’s here to turn things around and help you get started with its easy-to-use yet powerful trading platform. With Doto’s intuitive interface and helpful trading signals, you can forecast market movements and nail your trades without any guesswork. All you have to do is press four buttons:
1. Pick a financial instrument
2. Press Insights
3. Press Trade with signal
4. Press Open trade using signal
That’s it! Your trade will autoclose once it hits its target, so you don’t have to monitor the chart 24/7 and stress out. Here’s one more benefit: You’ll see your potential profit right before opening a trade thanks to suggested take profit and stop loss levels (you can adjust them if you prefer). Ready to try it out?
If you’re more experienced, Doto’s got you covered. Use analytical tools, the news feed and an economic calendar to conduct your own analysis and make well-informed trading decisions.
● Nail your trades with analytical tools
● Stay updated with the latest news
● Spot opportunities faster with an economic calendar
All these trading tools are available thanks to Doto’s partnership with Trading Central, a top-tier financial market research and analytics service trusted by 100 million users worldwide.
Myth #2: Trading isn’t safe
Safety is a big concern for a lot of traders, but with a trustworthy broker, you can trade with peace of mind. Here’s why Doto could be the right choice for you:
● Global licenses: Doto is regulated by FSC Mauritius, CySEC Cyprus, FSCA South Africa and FSA Seychelles. This means the broker adheres to the highest standards of financial regulation.
● Segregated accounts: Traders’ funds are kept at top-tier banks, so they’re always safe and accessible.
● Financial protection: Every Doto trader is covered up to €20,000 by the Financial Commission, so they’re protected if things go sideways.
Myth #3: You need a lot of money to start trading
Contrary to popular belief, you don’t need a fortune to start trading. Here’s a taste of what you can start with for less than dinner at a restaurant. Just a heads up — prices may vary a bit:
- EURUSD — $2
- Bitcoin — $7
- Oil — $8
- Gold — $24
- S&P 500 — $26
These cheap open prices are possible thanks to leverage, a special tool that lets you open bigger trades with less money. It’s like borrowing funds from your broker to boost your buying power. On Doto, the maximum leverage is 500x. That means you can trade $5,000 worth of instruments with just $10 of your own funds. Be careful — leverage boosts both your potential profits and losses, although account balances on Doto never go below zero. That leads us onto the next myth.
Myth #4: You go into debt if things go wrong
Another common fear is the risk of going into debt if the market moves against you. With Doto, you’ll never lose more than you have in your trading account, thanks to negative balance protection. No matter how the market fluctuates, your losses are capped so you can trade with confidence.
Myth #5: You only get real trading experience with real money
Many believe that real trading experience can only be gained by opening trades with real money, but this isn’t true. Doto’s demo account lets you practice trading under real market conditions without any financial risk. The demo account comes preloaded with 10,000 demo dollars, meaning you get a safe environment to experiment and get a real feel for the market. Ready to give it a test drive?
Your 50% bonus is waiting
Create an account with Doto today and get a bonus of up to 50% on your deposit. You can receive a maximum $5,000 in bonuses for a comfortable start. That means bigger trades and more opportunities right from the beginning.
Doto makes trading simple, safe and straightforward, dispelling the myths that hold a lot of potential traders back. If you’ve been hesitant about starting trading, now’s the perfect time to dive in with Doto.
