Conditions and performance in trading: global broker Octa's perspective
- Written by Telegraph Magazine
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 12 November 2024 - Financial security is a vital element of successful trading. By tapping into transparent and beneficial trading conditions, including low transaction fees and tight spreads, retail traders can secure their outcomes and protect themselves from unplanned costs.
Octa, a global broker since 2011, breaks down the significant impact that trading conditions have on traders' performance.
Financial outcomes and emotions: a mutual dependency
Successful traders often emphasise the importance of emotional equilibrium for achieving positive outcomes. For any trader, regardless of trading style, consistent positive results are almost impossible without the ability to control emotions that can lead to excessive greed, frustration, or gullibility.
Many approaches help traders reach the positive, goal-focused state of mind required to turn trading knowledge and skills into actual gains. However, one crucial facet of the trading journey that significantly impacts traders' psychology is often overlooked. While the excitement that goes hand in hand with successful trades is a powerful motivational driver for many, it is the financial outcome that counts at the end of the day. In turn, the outcome directly depends on the trading conditions the broker imposes on its clients.
Various hidden fees and commissions are deducted from traders' gains, impacting their ability to achieve short-term and long-term goals. Sometimes, brokers fail to properly inform their clients about the imposed costs or simply take advantage of their trust. In this case, the revaluation of the trading session result can come as a surprise, and the trader's mental state suffers a hard blow. It can be extremely discouraging and infuriating to see the profits drastically diminished due to charges the trader was unaware of or has not counted in.
Better trading conditions as a prerequisite of success
When brokers like Octa offer commission-free trading, they remove a substantial transactional cost, which is especially relevant for scalpers and intraday traders. These trading styles involve dozens and even hundreds of trades per session and highly depend on tight cost controls to reach profitability. By eliminating commissions, brokers create a spread-only pricing model, where traders pay only the bid-ask spread without additional charges. Zero-commission trading also helps eliminate the psychological barrier to entering and exiting trades, enabling better risk management and more controlled, emotion-free decision-making.
The same is true about brokers who offer low spreads. The incremental nature of spreads, which apply to each individual trade regardless of its volume, also allows those trading with better conditions to save a substantial amount, increasing their gains and reducing losses.
Another high-value element of superior trading conditions, which results in more control over trading sessions, is a fast and efficient withdrawal procedure. By establishing a transparent, user-friendly transactional mechanism and offering a broad variety of withdrawal options, brokers not only show a client-oriented approach to business but also send a clear message to their clients about their reliability. After all, receiving their gains in due time using the payment system of their choosing is a key psychological factor for traders that inevitably impacts their mental game going forward.
Attractive trading conditions play a significant role in creating a positive overall traders' experience and building a trading environment that fosters a result-oriented attitude and personal growth. Octa, a global trader with extensive experience, provides its clients with zero commissions, fast and efficient withdrawals, and some of the tightest spreads on the market so that they can fully focus on achieving their financial goals.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
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.
