• News
  • Lifestyle
    • Recipes
    • Video
    • Lotto Results
    • Technology
  • Entertainment
  • Travel
  • Sport
  • Expat Life
  • Move to Australia
Saturday, February 27, 2021
Australian Times News
  • News
  • Lifestyle
    • Recipes
    • Video
    • Lotto Results
    • Technology
  • Entertainment
  • Travel
  • Sport
  • Expat Life
  • Move to Australia
No Result
View All Result
  • News
  • Lifestyle
    • Recipes
    • Video
    • Lotto Results
    • Technology
  • Entertainment
  • Travel
  • Sport
  • Expat Life
  • Move to Australia
No Result
View All Result
Australian Times News
No Result
View All Result
Home Lifestyle

Joining the online trading craze? How to choose the best app for your Android

Making your savings and investments go further has been a challenge anywhere in the world over recent years. But whether you’ve been based in the UK for a while or you only recently arrived, you will inevitably have noticed that this country is facing some very specific challenges.

Nonjabulo Mbatha by Nonjabulo Mbatha
26-12-2018 15:43
in Lifestyle, News
Android phone

The whole furore over “deal or no deal” and Brexit might seem like something that the average Aussie expat doesn’t have to worry about, but if you have money tied up in investments, it’s time to think again.

Online trading is a great tool for adjusting your investment portfolio to react to changing times, so it is no surprise that there are more Brits dipping their toes into the murky waters of stocks, bonds and Forex than ever before. If you are thinking of joining them, the first thing you will need to do is select from the array of investment apps that are out there. Here are some key points to keep in mind when you make your choice.

Cross-platform functionality

This is the mobile age, so being able to access your trading account from your Android device is, of course, important. But while that is a useful tool for checking your portfolio on the go and reacting to market changes, when you do your serious research and study the different charts and indicators, you will soon find that small screen is an annoyance. Cross-platform functionality that allows you to use either a smartphone or a PC is a must.

Practice makes perfect

Leaping headlong into the world of trading with only a vague notion of what you are doing is an effective way to lose everything. The best trading apps feature a practice or demo account that allows you to learn the ropes without risking any real money. Take your time, research different strategies and then try putting them into virtual action. When you feel confident that you understand what strategy is going to work best for you, that’s the time to start trading for real.

Understand the costs

AlsoRead...

Women form a human chain on Feb. 14 in central Moscow to support jailed opposition leader Alexei Navalny, his wife Yulia Navalnaya and other political prisoners. Mikhail Svetlov/Getty Images

Alexei Navalny leads Russians in a historic battle against arbitrary rule, with words echoing Catherine the Great

26 February 2021
Xinhua / Alamy Stock Photo

Coronavirus: the price of global pandemic responses has been to make many other diseases worse

26 February 2021

Every platform operates as a business, so it needs to make money. This might be in the form of commissions, charges per trade or a monthly fee. Working out which is the most cost-effective depends entirely on the frequency and size of trades you will be making. This is why it is so important to have a firm strategy in mind before you begin. That way, you can put your shortlisted apps side by side on a spreadsheet and work out the actual costs.

Keep your options open
There are lots of facets to trading, and while you might start out thinking you just want to trade stocks and shares, there is every chance you will later wish to explore bonds, CFDs, cryptocurrency and so on. The last thing you need is to find yourself having to install a whole new app, so make sure versatility and diversity of trading options is near the top of your priority list.

DMCA.com Protection Status

SUBSCRIBE to our NEWSLETTER

Terms and Conditions

CURRENCY ZONE

Australian Forex

Don't Miss

Thunderball Results for Friday, 26 February 2021

by Sonja Baartman
26 February 2021
Thunderball Results Lottery
Thunderball

Thunderball Lottery draw takes place tonight. Check the winning Thunderball numbers here!

Read more

EuroMillions Lottery Results Friday, 26th February 2021

by Sonja Baartman
26 February 2021
Euromillions Lottery Results Numbers The National Lottery
EuroMillions

Are you one of tonight’s lucky Euromillions winners?

Read more

Five tips any SEO consultancy will offer you

by Alan Aldridge
26 February 2021
Five tips any SEO consultancy will offer you
at

Optimising your site is absolutely essential today. Not sure why? Statistics suggest that organic search still garners about 51% of...

Read more

Using MACD Indicator in Trading

by Alan Aldridge
26 February 2021
Using MACD Indicator in Trading
at

There are a lot of indicators and signals used in trading. One of the widely known and used indicators is...

Read more

Alexei Navalny leads Russians in a historic battle against arbitrary rule, with words echoing Catherine the Great

by The Conversation
26 February 2021
Women form a human chain on Feb. 14 in central Moscow to support jailed opposition leader Alexei Navalny, his wife Yulia Navalnaya and other political prisoners. Mikhail Svetlov/Getty Images
News

A lawyer, Navalny became a prominent regime critic a decade ago, when he created the Anti-Corruption Foundation and ran for...

Read more

Coronavirus: the price of global pandemic responses has been to make many other diseases worse

by The Conversation
26 February 2021
Xinhua / Alamy Stock Photo
News

We are living through an age of untold suffering. Over 500,000 people have died from coronavirus in the US alone,...

Read more

UK Weather forecast, alerts and UVB index, Friday 26 February 2021

by UK Weather
26 February 2021
weather
UK Weather

Be prepared for any weather with our daily forecast in the UK.

Read more
Load More

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status

  • About us
  • Write for Us
  • Advertise
  • Contact us
  • T&Cs, Privacy and GDPR
No Result
View All Result
  • News
  • Lifestyle
    • Recipes
    • Video
    • Lotto Results
    • Technology
  • Entertainment
  • Travel
  • Sport
  • Expat Life
  • Move to Australia

Copyright © Blue Sky Publications Ltd. All Rights Reserved.
australiantimes.co.uk is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. DMCA.com Protection Status