If your account is inEuros and you buy Euro marked stock (usually under germany flag) do yo ustill have to pay some exchange fee, and why is this if so? Does it show you your portfolios daily gain/loss in Euros?
Hiya! Thanks for getting in touch 😊 If you select Euros as your base currency for your account, your portfolio details will be displayed in Euros. If you select GBP as your base currency, you can still deposit Euros into your Trading 212 Invest account and use that money to buy stocks listed in Europe, which means paying no foreign exchange (FX) fee, you can also do the same with USD if you prefer, but Trading 212's multi-currency account means you can avoid paying FX fees. Hope that helps!
i did not hear anything about trading tools, such as, macd, moving averages, weighted moving averages etc, which suggests you don't have, is this the case ?
Trading 212 lets you set up pattern recognition tools on the advanced price charts with around 50 technical indicators (including a variety of moving averages) you can use but we're bigger advocates of using the platform for long-term investing rather than short-term trading.
@@FinderUK pattern recognition is very limiting, and only proves to mess your head up more than you need, and is not really useful as an indicator to succeessful winning trades, but thanks for your reply it has helped me to not waste my time with this platform,
Hello! I can't specifically recommend whether this app would be a good fit for you. But, Trading 212 does accept applicants from the UAE, so you should be able to use this app if you felt it was the right fit for you. Hope that helps 😊
Watch out the pitfalls! Investing in foreign markets can be challenging due to foreign currency exchange (FX) rate. For example, even though I achieved a 3% total growth on my U.S. stocks, the current FX rates ultimately reduced my gains, resulting in a 2% loss. Now, to avoid locking in that loss, I need to wait for the dollar to strengthen against the pound. As a UK resident, this experience highlights the importance of focusing on investment opportunities that minimize currency risk, such as stocks or ETFs listed on the London Stock Exchange (LSE) or those traded in euros.
What do you guys think of Trading 212? Let us know in the comments.
Glad that you covered my favourite broker. Hands down, I think this is the absolute best investing app in the UK. I also love the pies 😍
Who doesn't love the pies! 🤤 haha
can you trade the Micro Emini SP on Trading 212?
Sorry, but trading 212 says there is a 0.7% fee on deposits after the first £2000. Did you miss that?
Hiya! The 0.7% fee is only for deposits via cards, Google/Apple pay etc over £2,000. Deposits via bank transfer are still free.
Amazing video, would you recommend to use living in thailand ?
Hiya! Thailand is supported by Trading 212, so you should be able to use the app there if you think it's the right one for you. 😊
If your account is inEuros and you buy Euro marked stock (usually under germany flag) do yo ustill have to pay some exchange fee, and why is this if so?
Does it show you your portfolios daily gain/loss in Euros?
Hiya! Thanks for getting in touch 😊 If you select Euros as your base currency for your account, your portfolio details will be displayed in Euros. If you select GBP as your base currency, you can still deposit Euros into your Trading 212 Invest account and use that money to buy stocks listed in Europe, which means paying no foreign exchange (FX) fee, you can also do the same with USD if you prefer, but Trading 212's multi-currency account means you can avoid paying FX fees. Hope that helps!
i did not hear anything about trading tools, such as, macd, moving averages, weighted moving averages etc, which suggests you don't have, is this the case ?
Trading 212 lets you set up pattern recognition tools on the advanced price charts with around 50 technical indicators (including a variety of moving averages) you can use but we're bigger advocates of using the platform for long-term investing rather than short-term trading.
@@FinderUK pattern recognition is very limiting, and only proves to mess your head up more than you need, and is not really useful as an indicator to succeessful winning trades, but thanks for your reply it has helped me to not waste my time with this platform,
Would you recommend it for UAE as well? I live in Dubai
Hello! I can't specifically recommend whether this app would be a good fit for you. But, Trading 212 does accept applicants from the UAE, so you should be able to use this app if you felt it was the right fit for you. Hope that helps 😊
Watch out the pitfalls! Investing in foreign markets can be challenging due to foreign currency exchange (FX) rate. For example, even though I achieved a 3% total growth on my U.S. stocks, the current FX rates ultimately reduced my gains, resulting in a 2% loss. Now, to avoid locking in that loss, I need to wait for the dollar to strengthen against the pound. As a UK resident, this experience highlights the importance of focusing on investment opportunities that minimize currency risk, such as stocks or ETFs listed on the London Stock Exchange (LSE) or those traded in euros.
so i can buy and sell shares using trading 212 and not pay a commission as with hargreaves lansdown?
Yep, Trading 212 does not charge commission fees. It will charge an FX fee on trades that involve a currency conversion.
@@FinderUK damn. insane that i've only just found this out
Better late than never! 😉
The app is great.