Stock Market Investments (1 Viewer)

[SBAndy]

i know there are a few on here who have spoken about understanding markets and trading before.

It's always something that I've wanted to get into but haven't had the confidence to jump into so I was wondering if anyone had any idea of what to read up on etc. in order to boost my understanding. Also, wondering if anyone has any tips of brokerage software/apps that's useful.

I've had a look over the last year and like the idea of an app called Moneybox but their Trustpilot rating frightens me!

I understand basic financial and economic principles so I'm not exactly starting from the basement, but would really appreciate any advice people could offer.

 

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[SBAndy]

@Nick could do with that last word in the title being altered to investments. Tech malfunction....

 

[Astute]

It isn't as easy as it sounds to recommend someone to trade with.

Main priority is to know that your money is safe. But otherwise how would you like to pay for trading? With most companies you will pay one amount per trade....but less if you are a frequent trader with them. Then you have platform fees where you pay to use the service and transfer out fees. And more fees can be charged depending on who you go for.

You would need to work out how you would use the account and how much each would cost

share dealing accounts

This might help. But it is someones opinion.

I normally go for shares that pay a decent dividend. This helps to smooth over the fluctuations you will come across. I also prefer consumables as their product always needs replacing.

 

[Nick]

I do some support for people who use trading software, they pay a fair whack for servers to power it.

It just make them some decent money but no idea how it works and what return they get.

 

[shmmeee]

I do some support for people who use trading software, they pay a fair whack for servers to power it.

It just make them some decent money but no idea how it works and what return they get.

My mate ran a few bitcoin bots, they do alright in a normal market but are fucked once conditions change in my experience.

He was saying the pros (not bitcoin) need to be right near the exchange to get the lowest ping. And that people will pay through the nose just to get that split second advantage.

I had a play on eToro, that was fun because you can practice with fake money first and it’s a social trading site so you can see what successful people have in their portfolio.

Still not convinced it’s more than a game of chance mind.

 

[Marty]

I use x-o, It suits me as it's a flat fee per trade, with no inactivity fees, management fees or such like. I dip in and out, and can go months without trading. Open an account that allows you to practice with fake money to get a feel for it. I go for growth stocks, higher risk but greater return.

Golden rule, only trade with what you can afford to lose.

 

[dutchman]

Never borow money to invest in the stockmarket.

Never invest money you're likely to need at some point in the future.

 

[Astute]

Some of us at work have a little competition. We all started with 1k in our pots. Most people are down. Some buy and sell too much so they have to make their trading costs back all the time.

 

[shmmeee]

Never borow money to invest in the stockmarket.

Never invest money you're likely to need at some point in the future.

If I had money i didn’t think I’d ever need I wouldn’t need to play the stock market.