5 things that change your perspective about bank
Many people are not satisfied with the investment opportunities that their bank offers them. They feel they are paying too much, and would rather use their capital in a more productive way to earn profit, but they think they have no other alternatives. Is that really the case? Discover five secrets that your banker does not want you to know.
1.You do not need the bank for your investments. There is an abundance of investment opportunities available to those who want to take advantage of them. Today, there are many alternatives to the traditional and generic investment options that banks offer. Investors can now trade the financial markets online, from the comfort of their smartphone, tablet or laptop - with CFDs on currencies, commodities and indices.
2.Banks are not the only ones authorized to offer investment services. Traditionally, banks were the only option for people who wanted to trade safely and securely. Today, there are fully regulated brokers that can connect ordinary investors to the international financial markets. Who can use their services? People like you and me, mum and dad investors - almost everybody. The world of trading has really opened up in a big way and people from all walks of life are taking advantage of the accessibility.
3.A relatively small investment can potentially generate significant profits. Some people think you need a lot of money to invest, but this is far from true. By trading the foreign exchange market for instance, even a small investment can be used to open a proportionally large position. For example, when you trade FX with leverage, you can open up to $50,000 worth of trades with an investment of just $100.
4.You can invest without paying commissions. As we all know, the banks charge us fees and commissions for almost each interaction we have with them. In fact, your banker would surely like you to be persuaded to have to pay a commission just to have the opportunity to trade. But it's wrong! Some leading brokers allow you to trade without commissions. Why? Well because you do it yourself - so they see no reason to charge you a fee. That certainly is refreshing.
5.You do not need financial experience to start trading. Bankers would like you to believe that trading is an area reserved for experts. In truth, with some basic knowledge and good information, anyone can trade the markets. Training courses of this type are accessible, easy to understand, and in some cases even available free of charge.