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Comparing VFV ETF vs ZSP, VOO, SPY, VUN, XUU, XUS and More
What is VFV? Vanguard’s VFV ETF is a reliable and successful index fund that has proven to be quite profitable ever since its inception. Its success is mainly attributed to its approach, as it follows the S&P 500. Likewise, Vanguard S&P 500 ETF aims to follow the performance of a broad US equity index that measures the investment return of large-capitalization US equities. This Vanguard ETF currently aims to follow the S&P 500 Index, and become its successor. Putting it simply, VFV is a Canadian version of the S&P 500 and has shown similar success. What Type of ETF is VFV? VFV is Vanguard's Canadian counterpart of the famous S&P 500 ETF. Its stock is traded in Canadian dollars and is listed on the New York Stock Exchange. Furthermore, VFV is a type of ETF that, to a great degree, follows the performance of the S&P 500 Index before any costs and fees come into the picture. The VFV MER (Management Fee) is also quite low, sitting at 0.08%. What Holdings Are in VFV? As an ETF, VFV has allotted its capital to major companies, including big tech firms, banking organizations, and even consumer goods. Some major holdings included in VFV are: Apple Inc, Microsoft Corp, Amazon Inc, Facebook, Tesla Inc, NVIDIA Corp, Berkshire Hathaway, JPMorgan Chase & Co VFV Stock When it was initially introduced in 1976, the Vanguard S&P 500 Index Fund was the first index-tracking mutual fund. The fund, often represented by the VFV stock, owns the same stocks as the S&P 500 stock index in the same proportions. In fact, the stock companies in VFV account for 75% of the stock market's value in the US, making the index closely reflect the direction the US is headed in. Does VFV Pay Dividends? Yes, VFV pays dividends. Although they're generally paid out once every 12 months, these can be: MonthlyQuarterlySemi-annualYearly distributions The dividend, which generally includes interest, income, and/or capital gains, is given to investors who hold the fund on the date of the payouts. However, keep in mind that the VFV stock yield is rather low, accounting for around 1%. How to Purchase a Vanguard S&P 500 Index Fund? To invest in any of the VFV options, you must follow the steps we've explained below: Create an account on the website. Choose an account. i.e. individual, joint, or retirementFill out some basic info i.e. personal and financialDeposit money into your account: To finally invest in the index fund, consider making an online deposit to your account or send a check by mail. Minimum Deposit: Keep in mind that the Vanguard S&P 500 Mutual Fund has a $3000 minimum deposit, or $2000 if you buy it in an educational savings account. Automatic Purchases and Reinvestments: By connecting your bank account on your initial deposit, you can set up future automatic purchases and allowing you to invest with a click of a button. When investing in Vanguard, you should know that dividends and capital gains will often be automatically reinvested in the stock. Purchase Assets Using a CFD Broker: In addition to buying it directly from the Vanguard website, you can purchase S&P 500 assets by using a CFD broker like Fortrade. Although you won't have holdings in the company directly, you would still experience the same benefits, like a rise in profit and a dividend yield. Does VFV Have Fees? When it comes to ETF fees, Vanguard has traditionally been one of the lowest-cost ones. However, since financial services is a relatively competitive sector, Vanguard is now being challenged by corporations like Schwab for the crown of low-cost ETFs. Nevertheless, the charges are minimum: The Vanguard S&P 500 Mutual Fund: Has an expense ratio of only 0.14% ETF: The charges just 0.04 percent annually, Plus any applicable fees to purchase or sell, which are also minimal. Is VFV A Good Long-Term Investment? Yes, it can be concluded that the Vanguard VFV is a great choice if you want to diversify your stock portfolio, especially if you’re an investor looking forward to long-term gains. In fact, VFV has had a consistent rise in its price of at least 10% annually since its inception, making it a great choice for long-term investments. According to Reddit and Quora, VFV will probably continue its upward trend in the following years, as it has remained a reliable ETF throughout time. VFV vs ZSP Index Fund As they're similar index funds, both VFV and ZSP are tracking the US S&P 500 ETF, so they have had identical gains and losses over the years. Still, there are some minor differences. When comparing the prices of the individual stocks, VFV is approximately $100 per stock, whereas ZSP is cheaper, being around $60 per stock as of October 2021. Still, most evidence shows that VFV historically outperforms the ZSP, making it a better choice, even though ZSP is cheaper. VFV vs VOO Index Fund Similar to the ZSP and VFV, VOO attempts to mimic the success of the S&P 500 by investing in the same stock holdings. The only difference is that VOO is traded in US Dollars, and VFV is Canadian. Thus, investors from Canada should avoid purchasing VOO if they want to minimize their conversion fees (Canadian dollars to US dollars). Although VFV is cheaper, VOO's dividend payout is slightly larger, nearing 2%. VFV vs VSP ETF The VSP is the VFV with a Canadian dollar hedge, while it also follows the S&P 500. Many regard VSP as an excellent option, if you want your investment to be hedged against the CAD/USD exchange rate. Although the risks are smaller when hedging, keep in mind that you'll pay a small fee for hedging your position. Additionally, the VSP has a 0.09% MER (Management expense ratio) compared to 0.08% for VFV. VFV vs IVV ETF IVV is an iShares version of an S&P 500 index fund and is only accessible for buying and selling in US dollars. Other than being more expensive than VFV at around $400, the differences are minor. It’s a great choice, with an even smaller MER of 0.04%, and is expected to perform similarly to VFV. Still, fees for currency conversion must be considered, as IVV is traded solely in US dollars. Conclusion To summarize, Vanguard’s VFV ETF is a simple and quite successful index fund that does exactly what it says: it follows the S&P 500 and its success. It is one of the best options for investors looking forward to a reliable passive income, whether it's from dividends or capital gains. Additionally, Vanguard's VFV is one of the lowest-cost ETFs, so consider investing in it if you're up interested in a diversified portfolio with US large-cap stocks.
Day tradingBest Forex Day Trading Strategies for BeginnersAlso known as intraday trading, day trading refers to buying and selling a forex (foreign exchange) asset (currency pairs) within one trading day. Unlike long-term investing, day trades are relatively short purchases & sells where the positions are held briefly, usually a couple of minutes or hours. Keep in mind that day trading is not a forex market strategy - instead, it’s a specific approach to any market that requires significantly more research and time. This means that forex day trading can have plenty of unique strategies, and many of them are specifically geared towards beginners. Can Anyone Begin Day Trading? Anyone can start day trading, but not everyone will succeed. Although day trading doesn’t require any formal qualifications, those that have done more research and dedicated more time will have significantly more success. The first step to trading forex is to decide on a broker, and there are many to choose from. For more advice on this topic, read our post about the Top Forex Brokers. Advice and Strategies for Day Trading Forex Trend Being a relatively simple forex day trading strategy, trend trading is a style that works on capturing the asset’s current momentum. For example, if the price of a currency pair has a trend of going upward (increasing in price), the strategy is to enter a long position and hold it for a profit. Trend trading is often regarded as the best forex day trading strategy as it’s incredibly beginner-friendly and consistent. Swing Unlike trend trading, swing trading requires you, the trader, to identify the potential of a “swing” (price change) occurring. Although the strategy is beginner-friendly, most experts state that it’s not a strategy day traders should look into because it occasionally requires holding a position overnight, dismissing the entire approach of day trading. Scalping Scalping is one of the safest and most risk-free strategies a beginner can look into. Put simply, scalping is the action of profiting by opening a position when a minuscule price change occurs (usually less than 1%) and then selling it for a small profit. Still, keep in mind that scalping is a dynamic approach to day trading, and often requires the use of indicators, predictions, and research. Mean Reversion Contrary to the previous strategy, mean reversion is based on profiting from an extreme change in the price of a currency pair. Of course, the position is opened on the premise that the asset will return to its previous price. As an approach, mean reversion is usually best for intermediate traders as it’s riskier than some of the other strategies mentioned above. Money Flow Also known as the MF index, “money flow” is an analysis tool that uses the current price and volume of an asset to identify if it’s being overbought or oversold. Most experts recommend that a beginner avoid the MFI approach as it’s geared towards intermediate and advanced traders. Still, keep in mind that it can be an incredibly profitable forex day trading strategy. The Difference Between Forex and Stocks for Day Trading The day trading approach usually stays consistent regardless of the asset you plan on trading, though there are slight differences depending on the asset you’d want to trade. For example, forex trading is almost always more volatile than stock trading. This is because the market is primarily dependent on political and socio-economic events, and the patterns are difficult to predict due to the market being open 24/5. On the other hand, day trading stocks is more predictable and significantly more stable. However, keep in mind that the stock market is less liquid than the currency exchange market. This means that there’s an overall smaller flow of money, meaning that the profits are not as big when compared to forex. What Can Make Day Trading Difficult? Many things could make a beginner’s journey into day trading difficult, though underestimating the risk that comes with day trading is usually the biggest one. It’s important to remember that being successful in day trading requires plenty of time, research, and education, whether formal or informal. Successful day traders earn money consistently, though it’s not something you can expect to happen overnight. Conclusion All in all, day trading is an interesting approach to the forex and stock market. It’s widely regarded as one of the most profitable trading practices but also the most time-consuming. Since there is no secret to becoming a successful day trader, you must do the research and invest the time. There is no day trading strategy that always works for forex, but there’s always something you can do to better your skills as a day trader. There are many beginner-friendly materials and investment books you can go for, but nothing will fully guarantee your success.
Trading-strategyThe Difference Between Swing Trading and Day Trading"Swing traders vs. day traders." That is the question for beginner and expert investors alike who are getting actively interested in stocks and forex markets. Both styles are essentially different trading methods, but choosing which one to embrace might depend on how active you are or plan to be in your investment endeavors. Before you select your journey, it would be best to first become acquainted with these trading styles. This article will cover the basics of swing trading and day trading, their benefits, pros and cons, and how to decide between the two. What Is Day Trading? Day trading involves buying and selling stocks multiple times throughout one session, with most of the trades occurring during the most volatile portion of the trading day: The first two hours. For example, you launch a new position of a stock or ETF at the opening bell, and you can either go in and out of the position or sell it just before the closing bell. What Is Swing Trading? In the world of zero-commission trading platforms and a library of resources, many armchair traders have embarked upon swing trading for a living, which could certainly be a less risky alternative to day trading. In short, swing trading consists of entering positions that occur for a couple of days to a few months so that investors can profit from an expected move in prices. But what does a swing trade mean? The best way to determine it is with an example. So, you may see a stock or notice an exchange-traded fund (ETF) that is routinely hitting bottoms on the chart of your choosing. However, with certain trends forming in the broader market, you believe there might be an upside coming soon. So, you buy the dips and hold them for some time until the security rises. This is known as a swing trade in stocks. Similarities Between Swing Trading and Day Trading The chief similarity between swing trading and day trading is that you are partaking in short-term investing rather than holding onto a security for over a year. Additionally, traders can swing trade and day trade in the same markets, including: StocksETFsForexCommodities There is no rule prohibiting investors (even novice day traders) from taking advantage of swings in stocks, commodities, forex, or ETFs via swing trading or day trading. The choice is entirely yours. Key Differences Between Swing Trading and Day Trading Despite some of the similarities, there are many differences between the two trading methods. How often do you trade? Swing trading: A few times per week Day trading: Every day the market is open How many trades do you make? Swing trading: Multiple per week Day trading: Multiple per day How long do you hold onto a security? Swing trading: Weeks or months Day trading: End of the trading session/day How can you execute trades? Swing trading: Brokerage account Day trading: Trading software Pros and Cons of Swing Trading Pros Less time to tradeMaximise short-term profitsSimplified trading processLess riskNo PDT rule Cons Overnight and weekend riskMissed potential long-term gains Pros and Cons of Day Trading Pros Take advantage of volatile opportunitiesNo overnight or weekend riskInstant results Cons Requires lots of dedicationRequires high minimum capitalAdherence to PDT rules Swing Trading Risks When swing trading, you are always potentially too late to the rally. This might cause you to suffer a decreasing share price, especially if you are holding the stock overnight and you cannot sell until the opening bell on Monday. Indeed, when there is immense market volatility, the risk to realistic swing trading returns can be heightened. For example, if you are buying a tech stock on a Wednesday with plans to sell it on Monday, you could lose your profits if something unexpected happens, such as a new government being launched into the company's practices. At the same time, if you sell too early, you risk losing even bigger gains if an avalanche of retail traders suddenly pours into the security. Day Trading Risks Since profit margins are thin for day trading, you need to time the market, which is already a challenge. In order to make this venture an economically successful one, you might need to leverage or borrow capital every day, which comes with its own series of risks that could ruin you. Also, depending on your broker, you may be susceptible to vast transaction costs, including taxes and fees, that could eat away at your profit levels without you realizing. Your knowledge of charts, technical analysis, and the overall market needs to be exceptional to succeed. Of course, there are just some things that you can never anticipate or expect with the financial markets. Where a Trader’s Experience May Come Into Play Is swing trading profitable? Can you earn a living from day trading? The answer to both questions is a resounding yes! With swing trading, you can execute a few trades per week, but you need to enter and close multiple trades a day. Or, to differentiate between the two, you can realize short-term gains with day trading, but you risk losing on additional profits by getting out of your swing trade too early. Ultimately, if you wish to succeed in either field, your experience will play a big role. Over time, you develop a knack for how an index, stock, commodity, or currency pair will perform on any given session. Be it shareholders taking profits or how a business will respond to specific news, your skill and know-how will be critical to swing trading for a living or making day trading a critical component of your portfolio. There are benefits of swing trading and day trading alike, it's up to you to decide which avenue you want to pursue. Come up with a sizable amount of capital, develop a strategy, and stick to your price points no matter what.
Day tradingUsing Platforms and Brokers for Day TradingWith the stock and forex markets becoming more accessible than ever, traders and investors have come up with ways to earn money passively and actively. One of these activities is called “day trading,” where a trader buys and sells an asset within a couple of hours rather than holding the asset long-term. Of course, day trading is not new, as it has been an activity many traders have done since the inception of the stock market. However, with the vast range of internet trading platforms, it has become easier than ever to day trade, but similarly more terrifying with the rising speculation regarding the security and reliability of all the different platforms. This is why choosing a reliable trading platform is essential, and we’ll elaborate on how to do so below. What Is Day Trading? Day trading (also known as intraday trading) is the activity of buying and selling an asset within a single trading day - usually within a couple of hours. By itself, day trading doesn’t differ too much from any other type of trading, except that the buying and selling of assets are strictly limited to a couple of hours. Of course, day trading has its pros and cons compared to other market approaches. Firstly, it has often proven to be a more profitable yet riskier approach when compared to other forms of trading. Unlike long-term trading or investing, day trading requires significantly more time, research, and energy. You also have to adhere to the pattern day trader (PDT) rule that determines what criteria you must meet to be eligible for day trading. Should You Use a Stockbroker for Day Trading? Many day traders stick to stockbrokers for their day-to-day purchasing and selling of assets. Although most day trades are performed on forex assets, choosing a solid stock broker will give you the option to buy and sell other instruments, like shares, precious metals, indices, treasuries, and even agricultural products. So, it’s safe to assume that a stockbroker is a solid choice. Are There Preferred Sites to Day Trade From? Even though there is no definitive "best site for day trading," sticking to reliable brokers will always do the trick. You’ll rarely hear a trader of any level that has a complaint from a reliable trading brokerage like Fortrade, AvaTrade, or easyMarkets. As long as you stick to a safe and well-established platform, you’ll have no issues trading. What Is a Trading Platform? Nowadays, the two terms - “trading platform” and “stockbroker” get used interchangeably, although there is a small difference. A stockbroker is an intermediary who lists the companies and assets where you can buy from. On the other hand, the trading platform is the place (nowadays a website or app) where you can purchase or sell the asset you own. The reliable brokers we, at Broker Reviews, have listed on our website have their own trading platforms, so there’s no need for you to research and distinguish between a trading platform and a broker. Read our reviews of the best brokers here. How Is Safety Ensured at a Trading Platform? With the rising number of trading platforms, there has also been a rise of scams among beginners traders and professionals alike. As such, many question themselves on where to day trade and how to make the right choice. To make sure that your funds, as well as personal and financial information, are safe when trading, you should stick to some of the reliable platforms we’ve listed here on our website. Reliable trading platforms have been proven to be reliable by relevant licensing bodies like the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC). If you’re new to trading, stick to the top social trading platforms for beginners, and you’ll never go wrong. Platform Advice for Beginner and Intermediate Traders Beginners Regardless of your experience level, the things you should look for in a trading platform remain more or less the same. However, there are a few things beginners should look into before investing their cash in a platform. This means checking out at least one trading platform review and figuring out all the details. For starters, going with a platform that has a well-designed and intuitive user interface will save a newbie a lot of trouble; it’s also probably the best place to day trade at. Feeling lost in navigating the website, in addition to being overwhelmed by a whole new world, will make every beginner frightened. Sticking to some of our choices for the best online brokers will also go a long way. Intermediates Once you’ve gotten the hang of the stock market’s terms and feel comfortable with the charts in front of you, you can consider yourself an intermediate trader. Thus, you can slightly change up the strict criteria you had as a beginner to broaden your horizon when looking at day trading brokers. For example, intermediate traders usually don’t have to stick to a trading platform with educational material. If you’ve gotten the hang of the stock and forex markets, all that’s left is for you to develop your own tactics and strategies. Consider sticking to a trading platform where there’s a vast abundance of trading instruments, including currency pairs, stocks, cryptos, indices, and more. Conclusion We’re well aware that many things come to mind when you think of the term 'day trading,' especially as a beginner. The entire world of buying and selling assets on the market may appear daunting at first sight if it’s not something you’ve dabbled with in the past, and a good trading platform is the first step in the right direction. However, reliable online trading platforms are important to intermediate and advanced traders as well. The best brokerages for day trading will have everything you’re looking for, including a vast selection of trading instruments and convenient market analysis tools.
Day tradingThe PDT Rule: Why You Need 25k to Day TradeThe early days of the coronavirus pandemic led to a tsunami of new investors, allowing young traders to buy one of the sharpest dips since the 2008-2009 financial crisis. Be it Robinhood or Wealthsimple, investors hopped on the trading bandwagon and got their hands on stocks, exchange-traded funds (ETFs), and commodities at rock-bottom rates. This once-in-a-generation event also sparked a wave of day traders. But while everyone considers themselves a genius in a bull market, the pattern day trader, particularly the typical inexperienced one, could be in store for quite the ride. So, do you want to learn day trading to take advantage of those social trading signals? We have the basics you should know about this investment journey. Is Day Trading Illegal? When novice traders get involved in the world of finance, many questions will pop up, including if day trading is illegal. So, is it? Simple answer: No. Day trading essentially refers to buying, selling, and buying the same investment in the same session, according to the Financial Industry Regulatory Authority (FINRA) and New York Stock Exchange (NYSE). The Pattern Day Trading Rule Explained The next step in this journey of unlimited day trading is the pattern day trader, also known as PDT. What is it? If you make four or more day trades of the same security in a period of five business days in a margin account, this is labeled as pattern day trading. So, a pattern day trader rule example would be executing a trade on Monday, Tuesday, and Wednesday, which then means you can only make one more on the following Monday. In 2001, FINRA implemented PDT that also contains a day trading 25k rule and a series of other special rules. It was later approved by the U.S. Securities and Exchange Commission (SEC). In this environment of mobile trading, zero-commission brokerage firms, and astronomical liquidity across the global financial markets, is PDT an outdated regulation? In order to determine the efficacy of the minimum equity requirement for pattern day trader, it is important to understand why this rule was implemented. Federal regulators introduced the PDT rule to prevent investors from being too over-leveraged and to ensure there was enough capital in their trading accounts to ensure they were shielded from the consequences of margin calls. In this market with access to cheap credit, many proponents of day trading rules over 25k say it is more needed than ever before. What Happens if You Break the Pattern Day Trader Rule? If you are caught skirting day trading rules under 25k on, let's say eToro or TD Ameritrade, your account will get flagged. Depending on your investments and account type, you may be given a pass. However, if you do it again, you will likely be faced with a margin call. The brokerage firm will extend you five business days to meet the call. Should you fail to abide by the margin call, you will be slapped with a 90-day cash restriction. Overall, your trading will be restricted in one form or another. It should also be noted that, even if you are not day trading regularly, your broker will continue to identify you as a day trader, until it no longer has any suspicion that you trade securities regularly during a session. In the end, it is critical to become familiar with the penny stock day trading rules or how to participate in unlimited day trading. Which Stocks and Markets Follow the PDT Rule Essentially, nearly every corner of the U.S. financial market abides by the pattern day trader rule. From foreign exchange to cryptocurrency to equities, it can be challenging to avoid PDT, especially since companies are diligent in their customers who day trade. Can You Day Trade Without 25k? So, is there any possible way of day trading with no PDT restrictions? Yes, there are several measures you can employ to ensure that you can day trade stocks without barriers. The common strategy that investors make is tapping foreign markets that do not possess this $25,000 day trading rule. The other mechanism is by opening multiple brokerage accounts because you can attain three day trades for every rolling five-business-day period. So, for instance, you could start day trading in the UK or Australia. A cash account is also simple enough because you can engage in unlimited day trading without any minimum or maximum limits. This consists of trading with only settled cash. For example, if you have initial day trading capital worth $5,000 to invest, and you have purchased $3,000 in stock, you can only trade with $2,000. You want to do what is best for your wallet. You may ask, "Is day trading profitable?" It can be if you know what you are doing. While rules, regulations, and restrictions could serve as hurdles to overcome, you can overcome them!
Day tradingHow to Day Trade Without 25kIf you have started to learn day trading and become interested in this investment tactic, you have likely come across the $25,000 day trade rule. According to federal regulations' pattern day trader (PDT) rule, these investors must maintain minimum equity of $25,000 during any trading session that the investor day trades. Now, a day trader is defined as someone who executes at least three intraday traders on a U.S. securities exchange within five days. So, does this mean you cannot day trade without $25,000? While it might be challenging to skirt the myriad of pattern day trader restrictions, it is certainly possible to begin day trading with $100. But how? Let's explore! Best Brokers for Day Trading Without 25k While it is correct that all brokerage firms are required to report clients who make day trades or partake in unlimited day trading, there are ways to skirt this system, such as maintaining more than one trading account, using the trading hours to your advantage, and participating in swing trading. Ultimately, when you are employing day trading loopholes, you will want zero-commission platforms that are not part of the major Wall Street brokers. So, that said, here are the best trading platforms for beginners to initiate day trading with less than 25k: Robinhood This is a zero-commission trading app that possesses a wide variety of products and services that can help you complete buy and sell orders on a day trading account with less than $25,000. Wealthsimple (Canada) If you are in Canada, you should definitely consider installing the Wealthsimple app on your mobile phone and begin swing trading on a zero-commission account. For now, it has the bare-bones account features, but it keeps growing. Although it is not specifically designed as one, it can be one of the best penny stock brokers. HYCM You can always avoid penny stock day trading rules or options day trading rules by participating in foreign markets. This can be done by signing up for global venues, including Henyep Capital Markets (HYCM). IC Markets This is a terrific online retail broker that provides access to CFDs over stocks, bonds, commodities, and forex in equity markets worldwide, including Asia, Europe, and the Middle East. Best Markets for Day Trading Without 25k When you are day trading without $25,000, there are a few markets you should home in on for your investment journey. Here is a couple you should consider: Forex The foreign exchange market works 24 hours a day during the week, with investors trading many different currency pairs, such as the USD/CAD, the GBP/JPY, or the EUR/CHF. A lot of brokers have an account deposit minimum of around $500, so if the forex market leverage is 50:1 ($25,000 in total), you could implement day trading leverage into your overall strategy. Futures In the futures market, you could see gains or losses pile up quickly, giving you an adrenaline rush or dread. Indeed, the futures market consists of trading stock index futures or commodities, beginning with capital as little as $500. A single point could be worth as much as $50, meaning that you could achieve that $25,000 threshold by the end of the session. Other Strategies for Day Trading Without 25K Aside from trading certain markets, there are various day trading loops you could exploit to ensure that you can navigate your way through the financial arena without being penalized. Here are some tactics you should consider inserting into your arsenal of tricks: Three in Five This measure consists of executing only three day trades in a five-day period. The primary benefit of this tactic is that you will avoid being penalized by the PDT rule. The disadvantage, however, is that you will need to be selective in trade signals and you will be unable to take full advantage of a proven strategy. Make Swing Trades That Last Longer You see upward movement in a share and you buy into the wave. You initiate a position, but rather sell a few hours later or even the next session, you will need to wait a little bit longer to refrain from being designed as a day trader. This could be a positive route to take since you could extend any gains if the security has some more legs. Unfortunately, the con is that you risk losing any profit you may have had with different price points. The other negative is that you might have gotten in on the swing trade too late, possibly missing out on most of the rally. Create Day Trading Accounts at Multiple Brokers You have a day trading account at more than one broker. By doing this, you can complete six day trades in a five-day period. Clearly, you can bypass the PDR signal, but the consequence is that you will have limited capital to employ and your income would not be as immense with multiple accounts. Launching a Cash Account You can day trade with a cash account. This means you can make as many trades you want with any amount of money. The only cash is that these funds must be settled. For example, if you have $1,000 in your cash, and you have made a day trade of $300, you can only trade with $700 until the rest is settled. Put simply, you cannot day trade on margin. The obvious advantage to this is that you have unlimited day trades and you can buy and sell with a small dollar amount. But if you have gotten serious about investing, the drawback is that you cannot go big on your trades as you will only be able to trade with settled cash. Mistakes to Watch Out for When Day Trading Without 25K Indeed, there are many mistakes you can make, whether you are day trading with or without $25,000. Do you want to know what these are? Here are a few things to remember: Day trade what you can afford to lose, from $1,000 to $25,000.Possess knowledge of your trading systems so that you can move in and out of positions and accounts.Do not size your trades too big based on FOMO (fear of missing out).Avoid trying to rationalize staying with a position longer than you intend. The Bottom Line: Is Day Trading Under 25K Worth It? In the end, it is certainly worth it to day trade with less than $25,000 in your account. Indeed, playing "small ball" can certainly afford you many opportunities to earn some extra cash or potentially build an account where there is the chance to have $25,000 to officially day trade. As long as you utilize the methods and do your due diligence, you can be confident that day trading is right for you.
PlatformseToro vs Coinbase: Compare Products, Features, Fees, & MoreDo you want to buy, sell, and trade cryptocurrencies? As you have done your research, you may have come across a long list of platforms, including two powerhouse outlets: eToro and Coinbase. But which website should you sign up for anyway: eToro or Coinbase? Or, if you are on eToro, and you want to switch to Coinbase, how can you transfer crypto from eToro to Coinbase? If you peruse a Coinbase review, you may think this is the premier platform. On the other hand, when you read about eToro crypto fees, you might believe this is the top entity. So, which is the best? Let's compare. What Products Does eToro Offer? The eToro trading platform offers stocks, exchange-traded funds (ETFs), cryptocurrency, commodities, and indices. At first glance, you will notice that eToro has different packages for its users, including the eToro silver tier and eToro platinum tier packages which offer different features and options. eToro offers leading stocks from top global exchanges. It has more than 2,500 stocks in technology, consumer goods, services, financial, healthcare, and basic materials. What Products Does Coinbase Offer? Coinbase offers its clients a long list of cryptocurrencies, including the premier virtual tokens, like Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. The trading platform also provides an extensive list of altcoins and meme coins. eToro vs. Coinbase Fees Comparison It is true that eToro has a commission-based fee system which is based on a 0.09% spread per side. Any withdrawal transactions on eToro are charged at $5. If the transaction currency is not priced in U.S. dollars, eToro will also charge the user any conversion fees incurred. Coinbase charges higher fees than other cryptocurrency exchanges. Fees can range from 0.5% to 4.5%, depending on the type of transaction. Other fees may also apply. Moreover, eToro has a minimum deposit requirement of $200, but there is no deposit fee on this platform. There is no withdrawal limit on eToro. Users must make an initial deposit of at least $50 to verify their account with Coinbase. On Coinbase, the payment method options consist of your bank account, debit card, wire transfer, PayPal, and Apple Pay. On eToro, you generally have three selections: debit card, online banking, and wire transfer. eToro vs. Coinbase Feature Comparison So, what do eToro and Coinbase have to offer their users? Let's find out! Auto Trading Both eToro and Coinbase offer the auto-trading feature. Coinbase offers an automated trading robot on Coinbase Pro for trading bitcoins. Trading Signals When it comes to gathering the laundry list of indicators, eToro allows users to receive daily trading signals by activating that feature on their profile and adding stocks/products of interest on their watch list. Similarly, Coinbase Pro allows users to benefit from trading signals through Coinbase Pro charts. Users can analyze market indicators and compare the average prices of Bitcoin across other major cryptocurrency exchanges. Social and Copy Trading The userbase on eToro is broad, vast, and diverse. This makes it a leading social trading network with many social trading features. Copy trading is also an option available to eToro traders, and users can take advantage of the expertise of real traders and copy their trading automatically. Members of the eToro community are rewarded if their trading activities are copied, thus further encouraging users to share each other’s experiences and successes. Coinbase also allows users to copy top cryptocurrency traders by providing them anonymized data of the top 10% of users. Leverage For retail clients, eToro allows investors to leverage stock trades by up to x5. But the eToro Professional Client account allows for higher leverage, but you need to meet certain criteria. Coinbase does provide its traders to leverage their positions. However, this will only apply to professional traders who meet specific standards. eToro vs. Coinbase Customer Support Comparison Many reviews and ratings agree with one thing: eToro has a good customer support system, and users generally receive prompt support for any of their platform-related issues and queries. Users can either contact the eToro customer support team through telephone, email, or live chat. According to many different reviews, Coinbase customer support is not as prompt as eToro. Users can submit their requests via their user account and have to provide details regarding their issues. But overall, the response time is not as good as eToro. Is Coinbase safe? What about eToro? They employ top-notch security protocols, but if you have technical difficulties, such as choosing to transfer Coinbase to eToro, you can get in touch with the terrific customer support service. eToro vs. Coinbase Mobile App Comparison eToro has an extremely user-friendly app that is easy to navigate and understand. The eToro mobile app is available on Google Play and the Apple App Store. Coinbase also has a user-friendly mobile app that is available on the Google Play Store and Apple Store. It is easy to navigate. Conclusion: Is eToro or Coinbase Better? While both eToro and Coinbase are good trading platforms, eToro has been in the market for a longer period of time, and there are more users across eToro supported countries. It also offers more features and has a better reputation overall, while Coinbase is limited to cryptocurrencies. But Coinbase is far more mainstream than eToro, trading on the New York Stock Exchange, although there have been rumblings of a SPAC taking eToro public. In the end, when evaluating eToro or Coinbase, industry observers purport that it may be more sensible to opt for eToro and take profit that way.
PlatformsWebull vs. eToro: Compare Products, Features, Fees, & MoreAre you looking to start making money in the financial markets or upgrade your trading platform? Read on. You may be wondering if Webull is legit and safe? What about eToro? If you are worried about rules and regulations, it should be noted that both are regulated. Webull is a registered broker deal with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). eToro is regulated by both Cyprus Securities and Exchange Commission (CySec) and the Financial Conduct Authority (FCA) in the United Kingdom. What Products Does eToro Offer? The eToro trading platform offers a variety of leading stocks from some of the top exchanges in the world. eToro offers more than 2,500 stocks in a diverse array of industries, including consumer goods, financial, health care, and technology. And, yes, for the risky trader, there is always the eToro leverage to take advantage of. What Products Does Webull Offer? Webull also offers a wide variety of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. If you are wondering if you can trade futures on Webull, we are sorry to disappoint you: There are no Webull futures options at this time! However, you can buy fractional shares with as little as $5 and invest in foreign companies (American depositary receipt) for the purpose of greater diversification. eToro vs. Webull Fees Comparison Account Fees Webull has no fees or commissions on stocks or ETFs. Users have to pay the spread and Securities and Exchange Commission (SEC) transaction costs only. This platform has no withdrawal fee if you use ACH. Meanwhile, eToro maintains a commission fee of 0.09% spread per side. All withdrawal requests on eToro have a $5 fee, in addition to any conversion fees for currencies other than the U.S. dollar. Minimum Deposit & Trade Amounts The minimum deposit with eToro is $200. You can use both credit and debit cards to make a deposit. There is no deposit fee. However, users can have only one account currency. With Webull, there is no minimum account balance, and the Webull instant deposit can make things faster and easier for you. But customers who wish to short stocks need to open a margin account. This requires a minimum deposit of $2,000. eToro vs. Webull Feature Comparison Auto Trading Automated trading systems seek to open and close trades when given market conditions exist. Both eToro and Webull offer auto trading. Trading Signals eToro offers signals to users. Those interested in daily signals from top eToro traders can simply select that feature and add it to their watch list. This way, they can get real-time signals of every update on their accounts through the eToro app, which is available for both Android and iOS. Social Trading & Copy Trading Indeed, eToro is a leading social trading network. It has millions of users across 140 countries and offers many novel social trading features. eToro allows copy trading, which enables users to view what real traders are doing in real-time and copy their trading automatically. This can be useful for beginners who are still learning the basics of trading as they can leverage other traders’ abilities and copy top-performing trades. eToro also has the Popular Investor program that allows successful traders to share their wisdom with other eToro users. Successful members of the eToro community are celebrated for being copied. Webull also lets clients automate their trades via copy trading. Users can follow profitable traders and open and close trades automatically. eToro vs. Webull Customer Support Comparison eToro possesses excellent customer support with a speedy response to user issues. Customers can get in touch with eToro’s customer service support through live chat. Similarly, Webull also offers 24/7 customer assistance. Users can contact Webull through their phone or email. However, the speed of response with eToro is much faster compared to Webull. What Are the Countries Webull and eToro Support? On Webull, only the United States, Brazil, India, Malaysia, Japan, China, Korea, the Philippines, and Turkey are available. On eToro, 140 nations are supported. eToro vs. Webull Mobile App Comparison eToro App Yes, it is true, eToro provides its clients with a user-friendly mobile app with access to trading markets and communities 24/7. eToro’s app also has good search functions, but it does not offer biometric authentication. The app covers 25 languages, including English, Spanish, Italian, German, Russian, Chinese, French, and Arabic, to name a few. Webull App On the other hand, Webull maintains an easy-to-use trading app that allows users to trade and use technical analysis tools. Navigation is straightforward, and the mobile app closely resembles the desktop and web versions of the platform. Both eToro and Webull offer apps for both Android and iOS. Is eToro or Webull Better? Overall, both eToro and Webull are excellent trading platforms for both beginner and seasoned investors. Each eToro review and Webull review will tell you the same thing. eToro is a multi-asset platform, and Webull offers leading online stocks. Webull has low fees and no minimum deposits, while eToro has greater fees but more features. Webull only offers payments through wire transfer, but eToro offers several payment methods, including Apple Pay, wire transfer, Visa, and UnionPay. It all depends on what you need, what your priorities are, and what you want from participating in financial markets - besides making lots of money, of course!
PlatformseToro vs Binance: Compare Products, Features, Fees, & MoreeToro is a multi-asset investment platform that allows you to trade and invest in CFDs of stocks, equities, and cryptos. On the other hand, Binance is one of the most popular online crypto exchanges, so both of these investment platforms have a lot going for them. It's worth mentioning that both are safe, as eToro is authorized and regulated by the Financial Conduct Authority (FCA), operating under the Markets in Financial Instruments Directive (MiFID). Just like eToro, Binance complies with the UK's Financial Conduct Authority (FCA) requirements but is less regulated since it's a crypto exchange. Continue reading our eToro Binance comparison if you'd like to learn more about these investment platforms. What Products Does eToro Offer? eToro offers a wide range of products, including CFDs of stocks, commodities, cryptos, indices, and currency pairs. What Products Does Binance Offer? Unlike eToro, Binance does not offer as wide of a range of products - instead, it specializes in being a crypto-only trading platform with hundreds of options to invest in virtual currency. In addition to having popular cryptos like BTC, ETH, DOGE, and BNB, Binance features many altcoins and is often the first to feature the market's newcomers. eToro vs. Binance Fees Comparison Accounting Fees Although eToro charges no fees for buying and selling stock CFDs, there are fixed eToro crypto fees set at 0.5%. On the other hand, Binance charges no fees whatsoever for making a crypto transaction, except for the network fee. Still, you can find a way to circumvent these fees, as Binance allows direct bank transfers and P2P transactions. Minimum Deposit & Withdrawals Getting into further detail regarding banking, it's worth noting that eToro has a minimum deposit ranging from $50 to $10,000, depending on the country you're residing in. We were also delighted to see that there's no withdrawal limit on eToro, but all bank transfer deposits must be at least $500. On the other hand, Binance's minimum deposit and withdrawal are both set at 10$, and there's no minimum for making transfers between your wallets. Payment Methods and Available Currencies eToro Regarding payment methods, eToro accepts Credit/Debit cards like Visa and MasterCard, along with online payment methods like Paypal, Skrill, and Neteller. You could also use a bank transfer as we've said previously, though you would have to deposit at least $500. On the eToro website, the accepted currencies are USD, EUR, and AUD. Binance On the other hand, Binance accepts many coins and makes it incredibly simple to buy crypto with both fiat and crypto. For fiat cash, you could USD, EUR, AUD, INR, RUB, CNY, and others. However, when purchasing crypto with your wallet you must first convert your fiat cash to a stablecoin, like BUSD, USDT, or USDC. You can also transfer your crypto coins from Binance to eToro, as long as you have created 2 wallets for the coin you're transacting. eToro vs. Binance Features Comparison Social & Auto Trading As a CFD broker, eToro is widely renowned as the pioneer of social trading. After finishing your registration process, you can instantly start copy-trading top performers on any products, whether it's crypto, stocks, or equities. On the other hand, Binance does not provide auto trading services, but it does offer different staking options with a fixed annual return. Trading Signals Additionally, eToro also offers trading signals backed up with a detailed technical analysis. Whereas Binance does not provide any trading signals at the moment. Leverage If you're not interested in long-term investing, but instead, you'd like to day trade, you can do so with a minimum 2x leverage at eToro. The precise numbers on eToro leverage are the following: 30:1 for major currency pairs, like EUR/USD and USD/JPY,20:1 for minor currency pairs, gold and major indices, 10:1 for commodities other than gold and non-major equity indices, 5:1 for individual equities2:1 for cryptos Regarding leverage, Binance is clearly a winner. The crypto exchange features a leverage-adjustment system of at least 1x up to 125x, depending on the coin of your choice. eToro vs. Binance Customer Support Comparison Binance Binance offers great customer support for its users, having live chat support with incredibly quick answers. You could also consider checking out the extensive Binance help center if you're dealing with a specific issue that has happened before. eToro In comparison to Binance, we think that eToro's customer service is lacking. The fastest way you can receive help is through opening a ticket in the help center, but you could wait a long time for a reply. eToro vs. Binance Mobile App Comparison eToro eToro has a simple and easy-to-use mobile app for both Android and iOS devices. With it, you can access almost all desktop features, and even transfer crypto from eToro to Binance. Binance Equally, Binance has an excellent app for iOS and Android devices, allowing you to easily control, manage, and trade at any time. You can easily transfer money from Binance to eToro with the help of both apps. Is eToro or Binance Better? It would be quite difficult to choose a clear-cut winner when comparing Binance vs. eToro, as they're simply meant for different markets. In terms of overall trading products, eToro is in the lead, having stocks, equities, REITs, ETFs, and more. Binance, on the other hand, is limited to cryptos only. Your choice depends on what you're interested in trading. Do you want to have a diversified portfolio with stocks, ETFs, and cryptos? Go with eToro. If you're eager in investing in the crypto market, then there's no better choice than Binance.
Trading-strategyBest IQ Option Strategies and Tips for SuccessWhen trading an asset at IQ Option, whether it’s a forex or digital one, the time when you trade, and the asset you choose will significantly impact your success. If you’re specifically interested in forex trading, you should know that Sydney, Tokyo, London, and New York are the four major FX markets. So, each of these markets is open at a different time, and the market conditions change accordingly. Thus, if your goal is to take advantage of the best market conditions, you'll need to know when each market is open. Small details like these could make or break your success when trading at IQ Option. You also need to set a precise plan and be disciplined to stick to it. Continue reading our short article if you’d like to know more about our recommendations so you can find the most accurate binary options strategy. What is the Fastest Way to Make Money on IQ Option? While long-term trades are often safer and more profitable, shorter buys and sells, like those offered by IQ Option's turbo trades, with 30- and 120-second expiry durations. can help you make money much faster. Keep in mind that you should always start with long-term trades first, and slowly work your way up to a riskier approach. After you've gained enough experience in long-term trades, you can then move on to short-term trades. How Do You Avoid Loss in Options Trading? Options expire on a specific day and time, unlike stocks, which you can buy and keep indefinitely. So, if you're trading options, this indicates you should cash in your profits as soon as possible. As soon as you've purchased the options, you need to put a "time stop" on them, which implies selling them before the end of the day, week, or month. With options, it’s crucial to always cut your losses quickly, and not be too greedy if you want to save your profits. What Is the Best Indicator to Use in IQ Option? RSI or Relative Strength Index RSI is a quantity of motion oscillator that gives sell and buy signals to traders. The indicator's way of operating is quite simple - when an asset is overbought, its price is usually higher than the market expects and is likely to fall soon. When it’s oversold, the price is lower than the market expects, and it will probably rise. The RSI is often regarded as the most accurate binary options strategy, and it helps you assess whether a market is oversold or overbought. Bollinger Bands The Bollinger Bands indicator is often used to track volatility. Its main goal is to identify high and low volatility periods on the price chart on almost any asset. As an indicator, Bollinger Bands might assist you in determining the current market phase. You can use it together with RSI and Moving Averages for better results Moving Averages The Simple Moving Average and Exponential Moving Average are the most basic variations of the moving average indicator, and they’re used to estimate the current trend. The Moving Average indicator can also be used together with other indicators to get better buy and sell signals. What Is the Best Time to Trade With IQ Option? When using IQ Option, it would be best to trade when there is high volatility in the market. Thus, timing sessions is essential. Make sure you do your research and find out when each one of the four major markets opens and closes. Using this information to the fullest is crucial because the opening and closing of the market are almost always the most volatile periods. As long as you’re patient with your money, it’s almost guaranteed to earn profits in such a volatile environment. Best IQ Option Trading Strategies Keltner Channels and Stochastic Oscillator Keltner Channels is a volatility-based indicator that envelops the chart and plots around the price, and it's often regarded as one of the IQ option top earners. Using this as a strategy can help you in predicting the direction in which the price will go. To validate the indications Keltner has given, use the Stochastic Oscillator to see the support and resistance levels. Going Along With Trends Regardless of what market you're in or what asset you're trading, following a trend is one of the finest ways to make money. It is, without a doubt, the most effective method for a new and intermediate trader. Of course, there's no such thing as an IQ Option no loss strategy, but this is the closest you can come to it if you trade on the best CFD trading companies. Following News Events Even though keeping up with the news is one of the most basic pieces of advice, it can pay off handsomely. It's less complex than technical analysis, but it necessitates reading the news and being up to date all day, every day. The news on the internet is not enough though - you must read newspapers, listen to news broadcasts, and use as many other sources of information as possible. Can You Really Make Money on IQ Option? Yes, you can. However, before you start, ask yourself the reason that makes you want to trade. Consider if you have enough money that you're willing to lose, and remember that your entire portfolio can disappear. If you’re prepared for such a risk, you should invest in an asset at IQ Option. Feel free to dive with the sharks and do your best to make good money. Although IQ option is not the best stock broker overall, it's still a great choice. Read our comprehensive review of IQ option for futher information.