Have you have ever thought about saving money by investing but have absolutely no idea where to begin? It can seem very overwhelming, but getting started can be as easy as downloading a financial or market app. The big question is, which apps do you choose? There are so many out there!
Here are the best ones I recommend…
Trading212
Trading 212 is a London-based trading app company, making use of several markets that are closely knit with the London Stock Exchange, such as Singapore, Hong Kong, and Cyprus.
This app is ideal for beginners as it has no commission fees. The app itself is very popular among gold bugs and stock market enthusiasts. It’s very easy to use and the app can be downloaded from any app store.
You will need to show proof of ID, such as a passport or driver’s license, but then, you’re off to the races! Trade anything from ISA accounts, oil stocks, startup company stocks, and make free transactions. However, don’t hang around for too long! If you don’t use the app, there is an inactivity fee.
Forex
Perhaps the most popular market investment app, Forex is leading in many areas such as currency exchange markets, foreign stock investment, and commodities.
They are particularly good at the FX market, as their currency knowledge and updates are so useful! It’s highly recommended that you see what kinds of foreign exchanges are attractive to you.
Some currencies are easily matched against each other, such as the Chinese Yen to the GBP or USD. Others such as the CAD and USD are more predictable but less profitable.
eToro
Right now, eToro is leading the way in the cryptocurrency trading app leagues. It’s incredibly hedged on cryptos and is brilliant for those who want an app that is pushing for new technologies and trading apparatus.
It also trades in ETFs and CFDs, which keeps you in the larger picture. You also don’t need to pay any commission so whether you make a lot or a little, no one wants a piece of it.
Marketwatch
Marketwatch is really good for watching market trends and giving you a better picture of what industry to invest in.
The app can be used to invest and trade. However, it’s mostly used for retrieving inside information and rumors, which are sometimes accurate. Score! Get ahead of the game, by using the app.
Overall, using any of the financial and market apps mentioned in this post is going to give you the knowledge and confidence to start investing yourself.
This is a collaborative post
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