Let’s say you’re new to investing and know little about the stock market, but you want to earn extra income. Most likely, you have a lot of questions: where to start? What to buy? How not lose your invested money? Experienced investors who publish their strategies in the app “My Broker. The World of Investments.
Use new services, auto-research, and auto-consulting to repeat trades of experts
and invest professionally, even without experience. What these services are, how to use them and what their advantages are, we will tell in our article.
Where to begin
In the application “My broker. Investment World” in the “For You” section, find the subsection “Strategies”. Here you can choose the investment option that suits you best: from a simple one with investments to an advanced one worth several thousand dollars.
In professional terms, strategies – a balanced portfolio of securities, which is developed by experienced investors.
To choose a strategy, you need to determine:
- How much do you want to earn on investments,
- What level of risk is acceptable to you,
- What securities you trust,
- What securities do you trust, for how long you invest.
When you have decided on a strategy, connect auto-research or auto-consulting to follow a professional’s ideas and invest effectively.
Imagine you read the news: Russian stocks were down 20% in March. You decided to seize the moment and buy shares to receive high dividends in the future. But you do not know which shares to buy and how to manage your portfolio. My Broker. Investment World” app, there is a strategy called the “BCS Dividend Basket”. You can connect to it and get a ready-made investment plan and a set of five stocks with high expected dividends. Whether you will make trades yourself or trust a professional manager depends on which service you choose: auto consultation or auto survey.
Autoconsultation – is a service that offers advice on securities trades from the author of the strategy.
This service will suit you if you don’t know how to start investing, but want to control the entire process. You will receive SMS or emails with portfolio recommendations. It is up to you to follow these recommendations or not, and you will also make your trades in securities.
The recommendation specifies:
- which transaction to make with the security, at what price, and in what amount,
- an explanation of why the transaction will work.
Autosurvey – is a service that copies the trading orders of the strategy’s author.
You will not participate in the transaction. The program automatically repeats the actions of the strategy author: you make the same trades as he did. Auto Pursuit is suitable for novice investors: you only need to fund your brokerage account and connect the service.
Why do you need auto-tracking?
You do not need to review your portfolio yourself
You will receive tips on how to react to the market dynamics, and the service will immediately react to the changes and make a deal.
You don’t need to follow the quotes and dive into the intricacies of the market
Investments will bring you a passive income, and will not become a second job. You don’t need to know why RSI and MCAD indicators are needed or why Starbucks wants to buy back its stock.
You won’t give in to emotions
During a panic in the market, you can take rash actions that can lead to losses. That won’t happen if an expert decides for you.
How the service understands what you need
Once you’ve chosen a strategy, fill out your investment profile, your characteristic as an investor. It reflects your risk appetite, your financial situation, and your loss tolerance. Based on this data, your portfolio is adjusted.
Trading in the application “My Broker. Investment World” can be done without experience or special knowledge. Just download the application and connect the strategy. The stock market expert will do the rest for you.