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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
How Small Business Owners Can Start Trading More Easily
Ambitious small business owners are often keen to find new ways to invest and diversify their earning potential. However, in the past it was usually the case that the idea of trading stocks, currencies and commodities seemed to be out of their reach.
The thought that trading was a highly specialised field was probably what put off most small business owners before now. After all, who has the time to dedicate to something new and complicated while running a company at the same time? However, the appearance of online trading platforms and solutions has meant that this now become a far more viable option.
Less Time Needed to Trade
Everyone who runs a small company knows that their time is vital. Indeed, figures from a Kabbage survey showed that 29% of entrepreneurs work over 50 hours each week, and that 86% of them work at the weekends too. This doesn’t leave an awful lot of free time for investing wisely, does it?
This is where online solutions come in very handy. It is a lot easier to get started when you use a platform that is intuitive and simple to get started with. You don’t need to be a financial expert or be particularly experienced with computers and the internet in order to do this. You just need to read the instructions and be sure you understand any risks involved.
The next step it where you can also choose whether to trade from a desktop computer or a mobile device, giving you a tremendous amount of flexibility. Don’t forget that some markets are open 24 hours a day, meaning that you have more scope for fitting it into your work routine.
Extensive Trading Options That Are Easy to Access
Another potential issue has traditionally been the fear that this is an overly complex way of investing. For a start, you had to work out whether you wanted to trade share or some sort of commodity - or maybe you will look at currencies instead? A lot of time needed to put into it just to find out options were available.
After you had worked out your initial choice it was then a matter of seeing how to go about it. Before the advent of online trading platforms and blogs, this could be a very time-consuming and awkward thing to do. Would you have to read a book to find out about successful share trading or maybe attend a training course on the basics of currency investing?
These days, you can choose from extensive trading options and very easily find out about them. For instance, if you are interested in a CFD, then you will quickly discover that there are thousands of options covering the likes of stocks, ETFs, commodities and government bonds. Becoming an expert is a lot easier when you have all of the information right there in front of you.
The fact that you run a small business doesn’t mean that you can’t also make smart, interesting investments. The power and flexibility of online trading platforms open up a lot of exciting possibilities that you might not have been aware of before now.
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