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From choosing the right asset to having an all-in-one finance tool, Admirals has a number of advice and features for you to consider.
Some people may avoid talking about personal finance management as concerns may haunt them behind their lack of understanding. However, it is possible to flip the coin, thus changing the viewpoint and allowing them to have a different perspective. In what way? Here is an Admirals guide to manage your investment the right way.
Potential Assets for Trade and Investment
Finance management will sound affordable and logical provided that trading tools and the right instruments are available. There are various trading and investing options and, therefore, more opportunities to trade the markets. Here are some choices you could try:
Forex
Foreign exchange, usually referred to as forex, is undoubtedly one of the most prominent trading instruments out there. From both buy and sell perspectives, there are numerous currency pairs whose movement is worth attention.
Admirals, as a regulated broker, provides 40+ Contracts for Differences (CFDs) on currency pairs, which implies plenty of exposure for forex traders. With the option to trade from 0 pips, execution is carried out swiftly. This is in addition to the option of flexible leverage as a considerable advantage to pay attention to.
See Also:
Stock CFD
Stock CFDs provide opportunities to trade Tesla, Facebook, Disney, Apple, and Microsoft without having to really buy the shares. This instrument allows traders to speculate on the price movement so they can make profits from their analysis of the stock market. Admirals also offers stock CFDs of companies headquartered in areas other than the US so traders can broaden their scope even more.
Crypto CFD – Limited to Admirals Markets Cyprus Ltd and Admirals Markets Pty Ltd
Cryptocurrency may create various headlines in the media for its volatility, attracting many traders to try their luck in riding the crypto hype. Admirals provides 30+ currencies and crypto cross-pair CFDs but the offer is limited to Admirals Markets Cyprus Ltd and Admirals Markets Pty Ltd users. An extensive guide is provided so that traders could learn and trade cryptocurrency CFD with better preparation.
ETF
ETF or Exchange Traded Funds becomes more popular for investments among traders. In this case, Admirals offers ETFs and their CFDs that suit short-term and long-term strategies. CFDs fit short-term better whereas regular ETFs are preferred for long-term investments.
Bonds
Since bonds normally have minimal volatility, they are appropriate for the majority of investors and even traders. In comparison to stocks, they are also perceived as "less risky" due to their high liquidity and legal protection.
There is a good degree of variation in bonds that is able to accommodate the various needs of investors. However, a bond might have the disadvantage of prepayment and reinvestment risk, credit risk, inflation risk, and other risks considering that it is essentially a debt instrument.
The 10-year US Treasury Note Futures CFD and the 10-year Germany Bund Futures CFD are two of the most popular bond CFDs that Admirals offers on its platform.
5 Superior Trading Instruments in Admirals
Overall, Admirals offers us the opportunity to trade and invest in more than 8,000 different trading instruments. This may feel intimidating to a novice trader. Therefore, it is necessary to highlight the most popular products, specifically the top 5 trading instruments in the platform:
- EUR/USD: Euro against the US Dollar CFD pair.
- DAX40: DAX40 CFD with affordable trading terms.
- DJI30: Dow Jones Index CFD against the US Dollar.
- GBP/USD: British pound against the US dollar.
- Gold: CFDs on Gold against the US Dollar.
Protect Your Trades Against Volatility
During this current market climate, minimizing volatility risks should be put on front and considered seriously.
You may opt to make use of volatility protection, a package offered with sophisticated trading settings that greatly reduce the impact of sudden market volatility. What makes this possible?
The settings, among others, would limit the amount of price slippage that potentially occurs for both stop and market orders. They also limit losses on pending orders that fall into price gaps and execute limit orders and take profits even in the event of abrupt market swings.
Volatility Protecting Settings from Admirals can always be activated in live and demo accounts. Such settings function on both MT4 and MT5 platforms.
Consider Copy Trading
Currently limited to the users of Admirals Markets Cyprus Ltd., copy trading is a newly introduced feature that allows you to copy a portfolio of another trader to replicate their outcomes.
People may want to get themselves exposure to the markets, yet they have so limited time to make the expected actions. The ability to obtain exposure to new markets—markets that you might not completely comprehend—is really made possible by this copy trading.
You can specify your preferred stop loss, take profit, and other position settings, in addition to participating in a social trading sphere.
Despite the benefits, risks are always part of the game. Therefore, more in-depth learning is suggested to minimize the adverse effects.
Limit Your Leverage
Leverage does open more opportunities to make more money, yet such preference is of high risk to the capital. By default, each Admirals' retail trader is able to access limited leverage.
Our leverage ratio is determined by the traders' locations and trading instruments. For example, individuals who are located in the CySEC region would be provided with anything between 1:2 and 1:30. To acquire more details regarding this matter, it is recommended that you review Contract Specifications on Admirals' official website.
What Trading and Investing Tools are Offered?
Your success is more or less determined by the tools used to analyze and trade the markets. It is best to be aware of the tools you have at your disposal, how to use them, and how they might cooperate.
Traders at Admirals are supported with various free trading tools which are popular and trustworthy. Due to the fact that these technologies are third-party, there is also a full transparency aspect, which we believe to be crucial for a good trading experience.
- MetaTrader 4 and MetaTrader 5
MetaTrader 4 and 5 are familiar to most traders even with little experience. They are quite dependable and reliable to use, either for executing positions, analyzing price charts, or even both. - MetaTrader Supreme Edition
The Supreme Edition plugin is to be applied on MT4 and MT5. It is a further addition to the trading tool mentioned above. Advanced technical analyses and insightful expert market commentary are both made available by this plugin. - MetaTrader VPS
The Virtual Private Server (VPS) of MetaTrader makes it possible to run your trades privately and securely. This server is already built into both the MT4 and MT5 platforms. - StereoTrader
This supplementary tool is a trading panel that is a member of the MetaTrader family. It offers special features and enhanced automation, including the utilization of various trading techniques within a single instrument. - Trading App
Admirals also supports traders with a Trading App, by which users may set their trading activities simply from a single smartphone device. This application facilitates the management of all positions and the monitoring of market quotes comfortably.
Two Approaches to Personal Finance Management
We've discussed all of the diverse assets and trading tools available. But what about personal financial management?
As of 2021, Admirals has released both the Admirals Wallet and Admirals Card, allowing you to actually have a central location for all of your transactions across different Admirals' platforms and tools.
Admirals Wallet
You are allowed to deposit and withdraw money at a suitable time thanks to the direct connection between Admirals Wallet and the account through the Trader's Room. When your Trader's Room and Trading App are connected to your own Admirals Wallet, you can perfectly imagine how much smoother your trading experience will be. Consequently, it will be considerably simpler for you to manage your finances.
Markets Admirals Card - Limited to Admirals Markets Cyprus Ltd users
When it comes to general transactions outside of the trading sphere, you can use an Admirals Markets Visa card to make purchases virtually and physically anywhere that accepts Visa. With a connection to your Trader's Room, it takes easy and efficient money management to the next level.
Conclusion
This comprehensive explanation is expected to provide effective tips to mitigate the burdensome ideas about personal finance management for traders. To quote what Duntemann said, "A good tool improves the way you work. A great tool improves the way you think," it's clear that a tool or approach does improve your performance and attitude. Therefore, you should be convinced that the right approach and positive attitudes will flow to better personal finance management naturally. Thanks to Admiral, you may be well-guided during the journey. For more important details on the broker, see the table below:
15 Comments
Ferran Gabriel
Jan 17 2023
I have read some articles here and what is interesting is that most newbies trade in EUR/USD and now the broker's first listed product is also EUR/USD. Even some trading examples are also using EUR/USD. The question is why EUR/USD and not some other pair. Is the EUR/USD currency pair the safest pair? Why EUR/USD feels so special if you compared to GBP and even JPY, it seems many trader will go back to choose EUR/USD as their instrumen trading.
Marcus
Jan 17 2023
Ferran Gabriel:
you're right! There is something special about making the EUR/USD pair the most traded currency pair in the world for last several years. why? Because the EUR/USD volatility is good enough for both beginners and experienced traders.The price is neither too high nor too low, but you also get daily profits as the market moves. You can
Therefore, it is a fair enough, less risky and more predictable market for beginners to trade this currency pair. This comes from technical analysis and the basic fact that makes EURUSD more stable is the origin of the currency. EUR is the European currency and USD is the American currency. Therefore, both have many important effects on the economy. Therefore, the currency ratio will be stable.
(read the article : tips on trade EUR/USD for the guidance)
Ferran Gabriel
Jan 17 2023
Marcus: Is there a pair with terms similar to EUR/USD? What about the British Pound? Also, does GBP have similar terms as EUR/USD? I have one more question. I don't even understand that USD is used in forex. I mean look at most of currencies, US Dollar always have pair even though sometimes the currency doesn't have US dollar as the pair. Even trading oil, gold, and silver we used dollar too. It is look likes the US dollar given some special condition in trading Forex.
Marcus
Jan 17 2023
Ferran Gabriel: All major pair (the currencies pair that have US Dollar for example : EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD) have slighty similar but not so stable if you compare to the EUR/USD. About why US Dollar is most being used in Forex? It is simple, because US Dollar is the currency that people all around the world used. Either for international trade or as safe haven. Especially the international trade, the broker want it or not need to use US Dollar as their payment. Don't forget the oil, silver and gold all trade in US dollar even oil in the world called PetroDollar! That's why the broker still use US Dollar as their currency too
Jonathan
Jan 17 2023
Marcus: I agree! All major pair will have more stable market if you compare to another pair but I disagree if you said about profitable because in fact cross pair seems more profitable. Cross Pair is the pair that without US dollars in there, such as GBP/EUR, EUR/JPY and many more. The volatile is more often happen in there so you need to be experience in trading to do the trade with cross pair. And I almost forget to mention, cross pair is more riskier to than Major Pair.
Araujo
Mar 16 2023
Great insight! It's important to diversify your investments and not rely on just one, as if that investment fails, you could lose all your money. There are many investment options available, such as Forex, Stock CFD, Crypto CFD, ETF, Bonds, etc. The article lists the best investments to trade in Admiral, which include EUR/USD (Forex), DAX40 (ETF), DJI30 (ETF), GBP/USD (Forex), and Gold CFD.
To maximize your chances of making a profit, it's best to avoid volatility, which can be done through analysis and the use of tools. One such interesting tool is the MetaTrader Supreme Edition, which offers an advanced version of MetaTrader. However, it's unclear what this feature is and how to access it.
Mendy
Mar 16 2023
Hey there! MetaTrader Supreme Edition is like a turbo-charged version of the regular MetaTrader trading platform that you can use on Admiral Markets. It's basically a fancy plugin that gives you a bunch of extra tools to help you trade better, like extra indicators, advanced order management, and risk management features. You can download and install it for free from the Admiral Markets website, and it works with both live and demo accounts. If you use MetaTrader Supreme Edition, you'll have access to lots of cool features that can help you make smarter trades and potentially make more money.
Araujo
Mar 16 2023
Wow, that sounds really cool! So, if I use MetaTrader Supreme Edition, I'll have access to some extra trading tools that I can't get with the standard version. It sounds like this is basically an add-on that can help make MetaTrader even better and more advanced, which could be really helpful for new traders.
From what I understand, some brokers might charge a subscription fee for this kind of feature, but Admiral Markets offers it for free to all traders, whether they're using a demo or live account. That's pretty awesome, and it definitely makes me want to check them out.
Anyway, thanks for sharing this insight with me - I really appreciate it!
Danny
Mar 16 2023
To start off, I was unaware that Forex and CFD were one and the same. In the article, it was mentioned that Admiral Markets offers over 40 currency pairs to trade, but with the caveat that they are actually offering CFDs for Forex.
So, based on this information, Forex is actually a type of CFD, correct? But I'm curious to know more about what Forex trading really is, and how it differs from CFD trading. I understand the concept of CFD trading when it comes to assets like Gold, where you can either physically buy it or trade it as a contract, but what exactly is Forex trading then if without CFD?
Jansen
Mar 16 2023
Basically, back in the day, Forex trading was all about brokers executing trades on behalf of their clients in the interbank market. But now, thanks to online trading platforms, regular folks like us can participate directly through brokers.
When it comes to trading Forex, CFDs (contracts for difference) are a pretty popular choice. With a Forex CFD, you can speculate on the price movements of currency pairs without actually owning the assets. This means you can make money even if the exchange rates go up or down.
So, in a nutshell: Forex trading means buying and selling different currencies to make a profit. CFDs are a popular way to do this, since they let you speculate on currency pairs without actually owning them. CFDs also have some special features, like leverage and margin trading, that can help you control bigger positions with less capital.
Yerson
Apr 29 2023
Exchange-traded funds (ETFs) are investment funds that can be bought and sold on a stock exchange, much like stocks. In Admiral Markets, traders can also trade ETFs as contracts for difference (CFDs), which allows them to potentially profit from the price movements of the underlying ETF without actually owning it. However, like all financial instruments, there are advantages and risks to trading ETF CFDs. Could you please provide more information about your specific concerns or questions so that I can give you a more tailored response?
Ellie
Apr 30 2023
When you trade ETF CFDs in Admiral Markets, you're essentially speculating on the price movements of the underlying ETF without actually owning the asset. CFDs are derivatives, which means they derive their value from an underlying asset. In the case of ETF CFDs, the underlying asset is an ETF.
One of the main advantages of trading ETF CFDs is that they offer a high degree of flexibility. You can trade long or short, and you can use leverage to increase your exposure to the market. This means you can potentially make a larger profit with a smaller investment. Additionally, because CFDs are traded on margin, you can open larger positions than you would be able to if you were buying the underlying asset.
However, it's important to note that there are also risks associated with trading ETF CFDs. One major risk is the potential for large losses, particularly if you use high leverage. Additionally, CFDs can be complex financial instruments, and it's important to fully understand how they work before you start trading.
Reza
Apr 30 2023
In my opinion, whether ETF CFDs are recommended for beginners depends on their individual experience and risk tolerance. While ETF CFDs offer some advantages, such as the ability to trade on margin and the flexibility to go long or short, they also come with risks, such as the potential for losses to exceed the initial investment.
Beginner traders should always make sure to educate themselves on the basics of trading and understand the risks involved before considering any type of trading. It's important to start with small trade sizes, use risk management tools like stop-loss orders, and not risk more than what you can afford to lose. It's also a good idea to practice trading with a demo account before trading with real money.
Overall, while ETF CFDs can be a useful tool for traders of all levels, it's important to approach them with caution and to only trade with funds you can afford to lose.
Liam
Apr 30 2023
About the Admiral's tips to manage the investment, one of them is Bond. Can you provide a comprehensive explanation of what bonds are and how they work as an investment vehicle? Specifically, I would like to know the different types of bonds available, how they are valued, and what factors influence their prices. Additionally, I'm curious about the advantages and disadvantages of investing in bonds, including their potential returns, risks, and how they compare to other types of investments such as stocks and mutual funds. Thank you!
Reyhan
Apr 30 2023
Hey there! In short, A bond is a type of financial instrument where an investor loans money to a borrower, typically a corporation or government entity, for a defined period of time at a fixed or variable interest rate. In exchange, the borrower promises to repay the loan amount, known as the principal, at the end of the bond term or in installments, and pay periodic interest payments to the investor. Bonds are commonly used by corporations and governments to raise capital for projects or operations, and are bought and sold on bond markets. The value of a bond may be affected by various factors, such as changes in interest rates, credit ratings, inflation, and the financial health of the borrower. Hope it can clarify your things!