Honest DotBig Reviews: Insights from Real Users
In the world of finance, choosing a reliable broker is a key step to successful Forex trading and investing. It is difficult to overestimate the role of reviews and ratings when selecting an exchange, as they help to make a first impression about the company and its services.
Today you will find a great number of reviews about the DotBig broker on the Internet. More on this comes further.
DotBig Exchange Features
DotBig Forex is an international universal trading platform for conducting active and passive exchange deals. Moreover, the broker provides services for social and automated trading.
The DotBig site is designed simply and clearly. The interface is available in different languages. For those who have just started learning online trading, the platform has a selection of training materials and a reference section. Experienced traders and beginners work on the stock exchange, buying and selling stocks, cryptocurrencies, and other assets. In the reviews of real customers, you will find details regarding the functionality of the site and its pros and cons. Due to the study of such opinions, new DotBig clients get a more complete and comprehensive understanding of the broker’s features.
A wide range of advanced tools and services is available to customers on the DotBig investment platform. Here, one can work with foreign exchange, stock market assets, indices, ETF funds, and CFD contracts. Online traders have access to a wide range of pairs of both fiat and cryptocurrencies. Besides, one can use a single account for all transactions here. For the convenience of settlements in digital currencies, DotBig customers can issue a cryptocurrency card.
The Value of Broker Reviews
Customer reviews are an invaluable info source about the real experience of working with a particular trading company. These insights can reveal nuances that are not always obvious from official descriptions of services. When analyzing DotBig reviews, it is crucial to consider the following aspects:
- Variety of opinions (positive, negative, neutral);
- The specific facts and details regarding direct work with the broker;
- The relevance of the information.
Besides, one should look for reviews on specialized forums, on social networks, and on independent resources dedicated to financial markets. Remember that one review cannot give a complete picture, so it is crucial to study as many insights as possible.
Insights for Novice Traders from Experienced Ones
After studying the reviews and insights of DotBig traders who have long experience in Forex trading, eight basic pieces of advice for beginners can be identified. By the way, most of these experts still trade on the DotBig exchange:
- Don’t try to conquer the market right away
Trading is a complex field that takes time to master. Remember, everyone has their way of trading. There are those users who will not become experts and will not earn money from online trading. The rest, as a rule, take 3–5 years to get used to the market and start trading steadily in the plus.
2. Work on a demo account first.
Try with the demo account, and don’t quit this until you close all the trades plus for 6 months in a row.
3. Don’t chase profit
The income of 1000% per annum is real. However, this does not mean everyone will be able to earn so much, especially steadily.
Profitability depends on the willingness to take risks, the ability to manage capital, experience, and the quality of the system. The greater the potential profit, the higher the risk of being left without it.
Follow the risk-management rules; thus, even a loss-making system will not drain your deposit quickly.
4. Avoid irrelevant information sources
It makes no sense to use the literature on economics and finance of the 90s of the last century to search for a trading strategy. According to trading experts, any strategy never lasts for more than 2–3 years. And what once worked may be useless today. That’s why it happens.
And, you still can choose a book that does not lose relevance. These can be literature on psychology, explaining the financial basics, etc.
5. Find a reliable mentor or broker
It is almost impossible to become a Forex pro without a mentor. You will have to spend more time training, searching for information, studying unnecessary material, etc.
A professional intermediary between you and Forex, like the DotBig trading site, will convey the necessary data and provide you with helpful tools.
6. Do not overestimate leverage
Leverage can increase profits tens or hundreds of times. But it can do the same with a loss.
Do not try to disperse the deposit using a huge leverage. Experienced DotBig platform traders advise making deals with leverage up to 1:10. A small profit is better than a significant loss.
7. Learn from mistakes, and do not give up what you started
You can never achieve real success anywhere without mistakes and hard work. Novice online traders have committed hundreds of wrong actions. But they haven’t stopped and are now using the market for their purposes.
For example, a trader success study was conducted on the Taiwan Stock Exchange from 1992 to 2006. It turned out that 85% of them were closed 3 years after the account was opened. Only 5% have stood for more than 10 years. If you are not ready to join this 5%, it is better not to start trading.
8. Have a cold mind
Emotions, doubts, worries, — all these things move to the trash. Before the terminal, turn off the emotional component in yourself. Choose or develop a carefully thought-out trading strategy that suits your trading style.
That is it for now! Start implementing these tips in your work as a trader.
