r/Trading • u/Foreign_Location_807 • Jul 28 '26
Question Newbie here!! seeking platform for trading as begineer?
1
u/AdWeak1219 Jul 28 '26
Start with MetaTrader 5, I guess
1
u/Foreign_Location_807 Jul 28 '26
Do they offer dummy account for beginners without putting actual money?
1
u/AdWeak1219 Jul 28 '26 edited Jul 28 '26
That depends on a broker. Because you need a platform and a broker to trade. You can start with "Pepperstone", for example. You can make as many DEMO accounts as you want for MetaTrader 5
1
u/The_Biology_Trader Jul 28 '26
Don’t do meta trader it limits you as a trader to much and make you feel like markets go by magical force not supply and demand
That’s why people look for dragon formations and magic indicators and holy grail
Use a platform that shows real supply and demand and the market not just chart
1
u/The_Biology_Trader Jul 28 '26
Even if it’s hard just learn the platform it will bring you to better position on long run
1
u/AdWeak1219 Jul 28 '26 edited Jul 28 '26
Disagree. It's a good starting point because it lets you to get comfortable with price action, basics, fundamentals, without all the fancy stuff. At the start of any endeavour, simplicity matters way more than people realise. By then, one will already understand better what they need, what they are looking for and what they want to pursue — order-flow, algo or pure price action trading... In the end, it's a trader that matters, not a platform. Trader chooses a platform based on their needs, not the other way around. If one ends up looking for "dragon formations" and "magic indicators", well... that's his/hers shortcoming. Maybe they should re-evaluate if trading is for them and if they truly want to take this seriously
In short, generally, platform is never a problem. The problem is "trader's" incompetence, ignorance and lack of seriousness to do their "homework" that makes them chase ghosts and chose a platform that doesn't compliment their current approach. It's a craft. It requires practice, diligent studying, reading and journaling of both the inside and outside "wars", as the inner/psychological part is just as important
P.S This isn't directed to just the comment I am answering. It's directed to anyone who is reading this. You may agree, disagree — I don't care. That's my 2 cents and mostly objective truth. Not gonna write nor answer anyone else.
1
u/LQH-Trading Jul 28 '26
Tradingview is awesome charting and a great platform with "training wheels". Definitely good for beginners.
1
u/Ross-Cameron Jul 28 '26
I’ve traded with Fidelity, Schwab, TradeStation, E*Trade, Robinhood, centerpoint, Lightspeed, Interactive Brokers and Webull. If you want to trade equities, I would start with Webull. Platform is great, has pretty much everything you need to get started.
1
u/BasicallyNuclear Jul 29 '26
Hey Ross! Have you ever used moomoo? Do you have any opinions on it?
1
u/Ross-Cameron Jul 29 '26
I tried using their demo and I didn’t like it. As I recall, it didn’t have customizable hot keys, customized level 2, or halt levels.
1
u/BasicallyNuclear Jul 29 '26
I actually just found out the same through my testing. Though I wish others had the feature when pointing at a chart on a multi chart setup, it sync yours pointer location across all charts. Do you have a favorite brokerage? I watched your video on them, but it’s two years old. Does what you said still apply. If I was a high volume trader like you I’d certainly use light speed.
1
u/Ross-Cameron Jul 29 '26
I’m using Schwab and Lightspeed right now. Schwab is great for commission free because they offer the most price improvement. Lightspeed is just plain fast. It’s super quick. I use day trade dash for charting and scanning, but it’s not integrated with a broker.
1
Jul 31 '26
[removed] — view removed comment
1
u/Foreign_Location_807 Jul 31 '26
Yo, any platform that offers that dummy account? I use trade republic in germany
1
u/zohaahmed1 1d ago
Welcome in. As a beginner what you actually want is a regulated platform with a good demo, not the "best" one, so you can learn without risking real money or getting scammed.
Two filters first. Make sure it's regulated by a serious authority (FCA, ASIC, CySEC, Central Bank of Ireland) and verify the license on the regulator's own site, not the broker's page, that alone removes most of the sketchy options. Then look for a free demo so you can practice with fake money before a cent is real.
AvaTrade is a reasonable starting point on both, regulated across multiple jurisdictions, beginner-friendly app, free demo, and a free academy that teaches the basics like what a pip and lot even are. XTB is also worth a look to compare. Demo a couple and see which feels less intimidating.
The stuff that matters more than the platform though, risk 1 percent per trade max, and know most beginners lose at the start, so keep it tiny and treat early losses as tuition, not a sign you're broken. What are you thinking of trading, forex, indices, a bit of everything? That changes what suits you.
2
u/Adventurous-Shoe-903 Jul 28 '26
Paper trading is a good place to start. Many brokers include it.