May 19, 2024

Online Trading Solutions in 2022

Online Trading Solutions

Love it or hate it, the world is changing fast, and the quickest to adapt are the ones to reap most of the benefits. There are decades where little happens and years where decades happen, and we seem to be in the midst of the latter.

As with all things, the thing it impacts the most is our wallets, and the only way to both protect ourselves from these changes, and benefit from this unique opportunity of changing paradigms, is to change our financial habits. What this means for us specifically is that simply saving money in our bank accounts and spending what we must wisely, is no longer enough. Pension funds have long stopped relying on passive saving and generous interest rates, and have switched to diversified investments in order to guarantee a sizable sum and security by the time one reaches their retirement. The same logic must be applied to everyday finance. Whatever money you set aside for long term goals, would be better used through careful investing while searching at the same time for new trading solutions.

Now the topic of how to invest and where is arguably too vast and deep for anyone to master in its entirety, but no matter how far you will go in that enterprise, you’ll have to start with small steps. Investing in financial instruments such as stocks, bonds, commodities, etc. is a great way to get started.

The Right Choice VS The Wrong Ones

Online trading services and brokers are many, but the legitimate and trustworthy ones are few and far in between. Signing up with one, without doing your due diligence in terms of research, is at best a game of Russian roulette.

First and foremost, any broker or financial institution you’ll want to trade with must be regulated by the Financial Conduct Authority (FCA), or else it’s a guaranteed scam. Bye bye money, take good care, hope you have nice things to wear.

On the other hand, by focusing only on regulated firms, your list of potential service providers has gotten narrower and easier. One great choice these days is FinecoBank, or simply Fineco.

Fineco began offering its services in Italy in 1999, and in the UK from 2020. It’s one of the most secure and well established online banking and trading services, offering a streamlined service combining both banking and brokerage. This allows Fineco to offer unprecedented low rates and efficiency that benefits customers in a way that other services were unable to provide.

With Fineco you can trade in US, UK, and EU shares. There is no monthly charge and commissions on trades are fixed at £2.95 for UK shares, $3.95 for US, and 3.95€ for EU. They charge zero for Forex (FX) trades. Before opening an account, you can request a live demo with a live representative which will further explain and introduce you to Fineco’s services, features, and quirks.

All questions can be answered immediately in depth, and all concerns addressed. If you want to simply begin experimenting with the service, opening an account can be done in minutes. You’ll just need a valid UK ID such as a passport or driver’s licence, a valid UK address, your smartphone or computer, and your Tax Identification Number (TIN).

In Conclusion

Investing in such financial instruments is not like betting your money at a casino. Each item is subject to real forces in our world, and these forces can be learned about, and monitored, in order to understand and predict which direction and magnitude the price of an instrument will go.

Therefore it’s a great way to make your wealth grow at a higher rate than simply saving. With online trading, you can start risk free and go up from there, assuming you understand what you are doing and willing to take the time to slowly grow your skill and understanding, to the point where you can make calculated decisions and minimise loss (or at the very least draw constructive conclusions if something doesn’t go your way).

That being said, onedoes not simply walk into the world of online trading. Utilising the right trading solution is absolutely imperative to your success. Whether you’ve never traded before, have traded but were discouraged by negative outcomes, or are a seasoned trader looking to shake things up and discover better opportunities, FinecoBank is a financial services provider worth looking into.