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Open a CFD account with our forex trading app and enjoy 13% p.a. fund growth

Admin By Admin September 19, 2024 10 Min Read
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Open a CFD account with our forex trading app and enjoy 13% p.a. fund growth

There are not many effective ways of growing one’s wealth over a period of time, than through the financial markets. Whether one wants to maximise returns with high growth funds, take advantage of CFD trading, or grasp the use of mobile trading apps, options abound for investors in the financial world. In the article, you will read about how you can benefit from 13% p.a. fund growth, open a CFD account, and set to work for you some of the best forex trading investment applications.

What does it mean by growth funding of 13% p.a.?

One of the primary measures that investors utilise when evaluating investment opportunities is the annual percent return on investment. Here, it would refer to 13% p.a. fund growth-a fund that eventually secures an average annual return of 13%. The figure might shift upward or downward each year because of market changes, but to get a return in the double digits like this is remarkable and could be a rewarding investment.

Why 13% p.a. Fund Growth is Appealing

Investors are always seeking ways to maximise returns, and the 13% annual growth rate indicated is a strong performance. Compounded over a number of years, such returns may grow an investor’s capital manifold. For instance, if you invested $10,000 at a 13% annual growth rate, after 10 years, it would be worth roughly $36,000, assuming the growth stays constant.

How to Find Funds Offering 13% p.a. Growth

You should research well before investing in those funds that have the potential for high growth. Most of the funds target high-growth industries: technology, healthcare, and clean energy. In most cases, you will find such funds in ETFs that present diversified exposure to a number of assets; hence, while minimising risk, it can be used to capitalise on growth. Some of the top ETFs where you can invest offer competitive returns and have a diversified portfolio of stocks.

How to Open a CFD Account

Contract for Difference, popularly known as CFD trading, is one of the biggest avenues of trading a wide range of financial instruments: shares, forex, indices, and commodities, without necessarily owning them. Opening a CFD account means entering into a contract with your broker to exchange the difference in value of the asset at the time you open the position until its closure.

Steps to Open a CFD Account:

Opening a CFD account is relatively simple and can be done online in a couple of easy steps:

1: Find a reliable broker: It mainly deals with finding one broker who is regulated and offers CFD trading. Check for brokers that offer a user-friendly forex trading application or mobile trading applications to manage your trade on the go. Besides, look for demo trading and copy trading so that you will be able to replicate the strategies of successful traders.

2: Complete Registration: You will have to sign up with your broker, listing personal information such as name and address, and identification proof.

3: Account Verification: Most brokers verify identities for legal requirements. You are also most likely to be asked to submit an ID copy and utility bills.

4: Fund Account: Your account thus verified would now be allowed to deposit money into your CFD account, using bank transfers, credit cards, or even e-wallets.

5: Start Trading: Once funded, you would have the avenue to start trading in CFDs on various financial instruments. You will also come across leverage, which is a facility to hold a greater position with less capital.

Benefits of CFD Trading

CFD trading allows one to make profits on both rising and falling markets. If your forecast is that the price of an asset is going to increase, you open a long position. On the other hand, you can open a short position if you think that the price will decline. CFDs happen to be leveraged products, hence only a required portion of the total value of the trade should be deposited. It is, however, necessary to understand the associated risks, as leverage also has the capacity to amplify losses.

Several brokers also offer a demo trading account on which one can practise CFD trading without exposing real money to the market. That is pretty helpful, especially for novices wanting to get tuned in with trading strategies and market movements before going live.

How to Effectively Utilise a Forex Trading Application

With the emergence of technology, trading has now been made easier to approach even by the average investor through forex trading applications. Through such applications, you will be able to trade directly from your phone by keeping track of real-time data, charts, and analysis tools of the market. The application for forex trading has revolutionised the way people trade. It’s easier, faster, and efficient.

Why You Should Use Forex Trading Application

With forex trading applications, you have real-time access to the market and immediately can act on ups and downs occurring in any currency pair you might follow. This is fairly important, as prices can fluctuate rapidly at times in the fast forex market, even within seconds.

1: Ease of Use: The best forex trading apps are designed to be easy and intuitive to use, both for beginners and experienced traders. It includes one-click trading, indications of technical analysis, and charting.

2: On-the-Go Trading: With the help of a Forex trading application, you will be able to trade anytime from anywhere.. Be it your home, office space, or even holiday; you would have full control over your trading portfolio with any such application.

3: Practise Accounts and Copy Trading: Most of the trading applications will offer a demo currency trading account wherein you get to practise your strategy with virtual money sans the risk. Some of the apps have included the feature called ‘copy trading’ where you will be replicating someone else’s trade automatically. This is something quite useful for the amateur investor who is still learning ways to invest in stocks and currencies.

4: Compatibility with MT4 / MT5: Most of these sophisticated applications for forex trading have been developed to work with MT4 and MT5, two of the most popular platforms on the market. MT4 is more user-friendly, whereas MT5 introduces some advanced tools to well-experienced traders.

Key Issues to Take into Account before Choosing a Trading Application

When choosing a forex trading application, the following are issues you need to take in consideration:

1: Regulation and Security: The application provided needs to be under a regulated broker who has close security measures that guarantee the protection of your money and information.

2: Fees and Spreads: Compare the different types of fees, commission, and spread in various applications so that you will be able to assure which application will turn out to be more economical.

3: Applications: Trading software and tools-a full suite of trading tools should be made available through all applications, including, but not limited to, technical analysis and charting capabilities, as well as risk handling.

4: Customer Support: Responsive support is necessitated, especially about issues related to money transactions.

Conclusion

The fast tempo of today’s financial world is making it a lot easier to grow your wealth through trading than ever; be it with the growth in funds by 13% p.a., opening of a CFD account, or even leveraging the power of a forex trading application.. How to invest in stocks, practising with demo accounts, and using a mobile trading platform are steps that will lead you to your financial goals. Stay updated, research profoundly, select the right tool, and grasp with both hands the exciting opportunities financial markets have in store.

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