Online brokers worldwide have battled to improve the number of winning versus losing clients, but QuickTrade, which boasts more than 50 000 clients in SA, says the answer lies in ongoing training.
“We assign an account manager to each client, and then have a trading support team that runs our online trading rooms where clients can log in each day to get analysis from market experts, and to share ideas and trading strategies. Those who attend these online trading room sessions are our most successful traders.”In the absence of education, financial markets trading is akin to gambling, something Van Pletsen says he wants to eliminate.
The QuickTrade trading rooms open twice a day: once in the morning for an analysis of the JSE trade, and again in the afternoon to discuss likely trends in the world markets. Clients are given access to the MetaTrader 5 trading platform, considered among the most advanced and simplest to use in the world.
“I’m excited that we have a regulator. None of us want to play in a space where there no rules,” says Van Pletsen.
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