Broker apps make stock market trading accessible to everyone and are currently experiencing a boom. One of the main target groups is young, well-versed investors who want to trade regardless of location and at any time. As newcomers often lack knowledge, trading platforms have developed services which allow users to be informed and thus invest more successfully.
Knowledge is the key to success in trading
Mobile trading via smartphone can be successful if you are lucky or have the appropriate knowledge of the stock market mechanisms. Trading apps such as nextmarkets , offer their clients a special knowledge transfer function. For example, there are around a dozen stock market experts active on the company’s platform, who produce over 200 analyses each month. These can then serve as the basis for intelligent investments by nextmarkets users and for further education in terms of financial knowledge.
The special feature here is that these analyses are available completely free of charge. In addition, there are no storage or ordering fees. This enables the platform’s clients to use the knowledge provided free of charge for smart investments.
The success of the knowledge transfer lies in the fact that investors learn, for example, how to diversify their portfolio, i.e. to fill it with many different cross-industry products, rather than concentrating on just one company or one ETF. They are also able to react more quickly to changes in the stock markets due to the knowledge they have gained.
Understanding the opportunities and risks of trading applications
It is no secret that trading in the stock market, as well as using trading apps, involves both opportunities and risks. To ensure that users of such a brokerage platform do not lose their investment too quickly, they need to start “mobile” trading in the stock market responsibly.
Here, some brokers offer so-called “autocopying”, where the user partially or fully copies the strategies of professional traders. This, too, creates a learning effect if the beginner closely follows what the professional does. Ultimately, however, the risk of loss remains even when using this method.
Above all, the very easy operation, low bureaucratic hurdles and the possibility to invest anytime and anywhere have a tempting effect. In addition, trading apps offer the possibility to invest even small amounts. As a result, newcomers often succumb to the resulting attraction effect and make many trades quickly. However, large sums can also arise from numerous small investments. This is another reason why non-brokers should impart financial knowledge to their users.
The necessary knowledge about brokerage applications also includes knowing the amount of fees charged there. Because there are significant differences. Some applications, such as Exness Mt4 Terminal Download, can be used for free, while others charge an ordering fee or a securities account management fee. Trading apps are usually considered very inexpensive, but as we all know, the small stuff makes a mess.
Acquiring financial knowledge outside the trading app
For those who are new to online stock market trading, it makes sense to acquire the necessary financial knowledge before their first trade. There are countless websites with tips for this purpose, some of which deal with very specific areas of stock market trading. There, the reader will learn in a compact form what they need to know in order to trade successfully. If you are a fan of magazines or journals, you will usually also find a financial section there which covers relevant topics such as cryptocurrencies, ETFs, leveraged products, certificates or funds. Interviews with financial experts or executives from major fintech companies are also of interest. Financial programmes shown on TV are also very enlightening. If you are a beginner and want to invest your money as safely as possible with a brokerage app.