Saving and Investing: Using Technology to Your Advantage
According to a recent survey, more than half of all employees throughout the United Kingdom are unhappy with their wages. When we consider that inflation rates have risen to three per cent, this observation should not come as much of a surprise. Salaries are often not sufficient in order to make ends meet and planning for the future could very well be out of your reach. This is why saving and investing are absolutely critical in such challenging times. Technology is on your side and you might be surprised to learn that there are more options at your disposal than ever before.
On-the-go Trading: Spreading Your Financial Wings
Many experts will attest to the fact that mobile-based platforms represent the most profound advancement within the world of investing. No longer are traders subject to physical limitations such as their location. Markets can be accessed at a moment’s notice with the click of a single icon. As all portals and platforms will appear as they would on a laptop or personal computer, no learning curve is involved. So, always make certain that your provider of choice offers a mobile-responsive interface.
Social Trading and Expert Opinions
It is perfectly natural for novices to be taken aback by the sheer scale and complexity of the modern financial markets. Without such hesitance, poor decisions would be made and a great deal of money might be lost. Although there are countless online resources available to help you hone your skills, social media trading rises head and shoulders above the rest.
As you may have guessed from the terminology, social media trading is centred around the ability for you to monitor what the professionals have to say. It is now possible to follow the latest trends and to appreciate the sentiment (positive, negative or neutral) associated with a specific asset. Such guidance would have been unheard of in the past.
Social media trading is centred around the ability for you to monitor what the professionals have to say. It is now possible to follow the latest trends and to appreciate the sentiment (positive, negative or neutral) associated with a specific asset.
Investment “Bots” and AI-Based Trades
Automated trading is quickly becoming prevalent within the investment community. How does this feature function? It essentially consists of a series of user-defined algorithms (often known simply as “bots”). These bots will execute a specific trade based off of your parameters. They can be very useful for those who are interested in extremely short-term positions such as Forex trades or spread bets. The main benefit is that the user does not necessarily have to be actively monitoring his or her portfolio in order to turn a profit. While some still prefer the hands-on approach, it is impossible to deny the power that algorithms can leverage.
4G Connectivity and Beyond
While 4G wireless connectivity was introduced only a few years ago, we are already on the cusp of the next generation of communication. It is estimated that some providers will be rolling out 5G connections as early as 2018. Once again, this will serve to redefine the world of fast-paced trades and real-time news feeds.
If you have been looking to leverage a true technological edge, CMC Markets has an award-winning trading platform that is fully capable of providing you with a digital edge. Whether referring to real-time trades, five-second price updates or more than 35 intuitive tools, the fact of the matter is that technology is on your side 24 hours a day.