KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 25 October 2024 - In trading, as in many other spheres of life, minor incremental changes lead to substantial differences. In many cases, traders don't have to come up with innovative approaches to improve their financial outcomes. It may suffice for them to apply the everyday life hacks they have used for ages in their trading. Octa, a global broker since 2011, highlights some of the most basic everyday habits that can be positively translated into better trading results.
The choice that matters
More often than not, avoiding the ‘buy cheap, buy twice’ trap and opting for higher-quality items, be it clothing, furniture, or household appliances, may result in greater overall value. With time, the item's superior longevity will overshadow higher initial expenses. For example, a costly pair of shoes can end up cheaper than a more affordable option offered by a fast fashion brand if taken at its per-wear price instead of the initial investment value. Meanwhile, the higher quality the buyer will enjoy throughout the item's lifecycle may become a minor detail that brightens up their mood and even makes their life a little better.
In the same vein, traders should not approach the choice of a financial broker too lightly. The more you know about your broker, the better. For example, global brokers are exposed to a broad variety of international security and operational standards and follow the best practices to comply with strict regulatory requirements. This allows them to offer better trading conditions in terms of capital and personal data security and operation transparency. A global broker with extensive experience in the markets, Octa accommodates all types of traders by offering diverse leverage options and no-swap accounts for those inclined to avoid interest in trading.
When a little goes a long way
Those starting their journey towards healthier lifestyles to look and feel better often find themselves disappointed by the initial results. Days come and go, but progress doesn't show. The reason is simple: more often than not, several weeks will pass before the dedicated effort translates into visible transformations. Changes take time, and incremental improvements will eventually add up to significant progress.
Similarly, choosing a broker with tight spreads and low commissions may not yield immediate gains but will have a considerable long-term impact on traders' outcomes. Even though the differences in fees between brokers may seem small at first glance, they will add up over time, leading to visible profits for those who opted for better trading conditions. This is especially relevant for those preferring intraday or scalping trading since, in this case, the spread value is multiplied by hundreds of daily trades. For traders interested in minimising their costs, Octa, a broker with globally recognised licenses, offers some of the lowest spreads in the market and zero commissions for all regions.
When time-efficiency is king
In the modern world, the high intensity and frenzied rhythm of everyday life make it instrumental for all, regardless of occupation, to approach routine tasks efficiently and maximise the use of resources at hand. Smart time management, in particular, allows people to prioritize important tasks, reduce stress, and increase efficiency. By having a strict daily routine, focusing on high-priority activities, and eliminating distractions, highly efficient individuals achieve more in less time. In addition to that, research shows that avoiding multitasking and performing tasks one by one in order of priority can contribute to better performance and less fatigue.
In trading, high order execution speed and quick, efficient, and transparent deposits and withdrawals are crucial for enabling positive interactions between traders and brokers. A broker that offers fast execution and low latency ensures that orders are placed at the best available price, with minimal slippage.
By choosing a broker with fast withdrawals, traders can save a significant amount of cognitive effort and maximise their chances of entering and exiting trades at their desired prices. This principle works in a similar fashion to how time management helps individuals efficiently achieve their goals.
There are many parallels between choosing a financial broker with superior trading conditions and making smart, goal-focused choices in everyday life. Whereas in the short term, the results of the correct choice may not be obvious, the outcomes over a more extended period will inevitably accumulate, highlighting the real value of the conscious and informed decision.
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Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
source: Octa
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