
Traders want
everything perfect during the execution of trades. That’s why they prefer the
use of trading tools and platforms. Tools and resources simplify the complexity
of trading and traders better think about what decisions they need to make for
efficient results. When we talk about trading platforms then traders have
different options but TradeLocker provides traders with a more
user-friendly experience. With the help of TradeLocker features, traders can
focus more on their trading strategies instead of learning a tool. If you are
also confused about the choice of TradeLocker then let’s discuss its features
that make it a preferable choice for traders and help you to make the right
decision.
What
is TradeLocker?
TradeLocker is a
web-based trading platform that helps traders to access different trading
tools. With the help of this tool, traders can trade more than 500 assets like
forex pairs, equity CFD, and crypto CFD. The simplicity of this tool makes it
unique from other platforms. Different traders, brokers, and prop firms prefer
to use TradeLocker as it provides them with different tools for performance
tracking, market access tools, and risk management tools. It provides all the
necessary trading functions for a more effective trading environment. This tool
is designed especially for beginners who face difficulties in understanding the
functionalities of trading platforms. Traders can execute their trades with
just a single click.
Features
of Trade Locker
User-friendly
interface
TradeLocker has
a very user-friendly interface. Traders, especially beginners, can easily use
this platform and easily navigate through the platform. It reduces the
distraction of traders with the complexities of the platform and helps
beginners focus more on their market analysis and trading strategies. The
dashboard of TradeLocker is very organized and easily customizable so traders
can design their workspace according to their preferences and trading styles.
Traders can track multiple assets at the same time like commodities, indices,
or currency pairs.
One-click
Trading
Traders can
execute their trades with just a single click with the help of TradeLocker.
They do not need to learn the lengthy process of execution. Traders can execute
their trades in real-time with the help of TradeLocker's one-click trading
feature. It is especially helpful for beginners in volatile markets as it saves
their time in confirming a trade and helps to take action on time.
Risk
management Tools
As risk is an
important factor of trading, traders get different risk management tools that
help traders control their risk and save themselves from losses. TradeLocker
provides built-in risk calculators that help them set optimal position sizes
and stop-loss levels. Traders can manage their risk with the help of its
automated risk monitoring system which helps them to stay within defined
limits. TradeLocker also provides the features of stop-loss and take-profit
options to limit risk.
Speed
and Execution
TradeLocker is
specially designed for beginners who need fair execution speed and makes it a
perfect choice for those traders who are just starting their careers. Traders
do not need to wait in this volatile market to execute their trades but they
can easily execute their trades on time when they use the TradeLocker trading
platform.
How
Prop Firm Traders can use TradeLocker?
Evaluation
Process
Prop firms need
traders who can follow their rules and manage risk more effectively. That’s why
these firms first take a challenge from traders in which they are given
specific profit targets that they achieve. During this evaluation, TradeLocker
helps them to simplify this process by using its tools and tracking performance
with compliance to firm rules in real time. Traders can use tools like daily
loss limits, daily performance monitoring, and trading pattern analysis to
control risk and complete the evaluation process successfully.
Avoiding
Mistakes
When traders
join prop trading they get confused by their rules and strict criteria. In this
pressure and confusion, they make those mistakes that can lead to losses. When
traders exceed the limit of leverage they get suspended from the evaluation but
with the help of TradeLocker risk management features they can limit the
leverage. When traders do not follow their trading plan TrackLocker helps them
to highlight performance tracking if they stray from their strategies. Another
great mistake that traders make and cause the main reason for the suspension of
cheap funded
accounts is having poor risk management. When traders use automated
stop-loss and take-profit tools of TradeLocker they can manage risk more
effectively.
Final
Thoughts:
TradeLocker is a
trading platform that helps beginners to handle the complexities of trading.
Traders can use different features of TradeLocker to execute successful trades.
It not only helps traders in trading but also helps prop firm traders pass the
evaluation process and continue their funded account by giving consistent
performance.