Online trading Ireland - Best online trading platform Ireland

Successful share trading results have provided the most profitable returns outstripping investments in property and bank deposits. Through an online trading account, a whole new world has opened for traders as they can buy or sell assets of their choice, pursuing profitable trades by forecasting price movements via information received through their stock broker. 

A stock broker is a person licenced  to trade shares through a stock exchange. Our stock brokers offer expert recommendations via our stock ideas and our 22 trading coaches make running your online account a lot easier. As a newcomer to the online trading world, you should seriously consider a broker who offers basic educational resources, and comfortable access to brokers and coaches. 

Choosing the right online stock broker depends on your needs and can be the difference between an extra source of income and massive disappointment. Profitable trading can not be guaranteed, however, the choice of a stock broker that suits your investment appetite and goals can set you on the first steps to success. Are you looking to invest in a few shares, commodities, forex or crypto? Are you considering hands-on trading,  day trading,  or more sophisticated investment strategies required by a full-time investor? Would you like to learn to interpret technical analysis charts and become proficient in financial jargon and understand data to find and execute your own trades? The essential choice to successful trading is to be with the right stock broker, who has the know-how to place well-analysed trades at the right moment. That is why we should be your broker of choice.

You should be looking for a stock broker with a valid registration number, a track record of reliability and reputation that is regulated. We are a licensed, fully regulated CFD stock broker. This means that you are protected by security protocols. We are licensed through the Malta Financial Services Authority. You should be aware, and very cautious of unregulated companies as not all brokerage companies are regulated. To diversify your investment portfolio, head to our forex trading Ireland page.

Along with a highly polished reputation, an elevated level of security, fast execution and the best user-friendly online trading platform, we also offer online trader commission-free trading. We receive, as do all online brokers, rebates for executed transactions and are stoked to add to your profits by passing on this cost advantage to you.

Once you have completed the application form and supplied us with the necessary documentation, and your online trading account has to be approved, it is time to fund your account and make your first trade. A conservative approach to funding your online trading account is to set a stock trading budget. Ensure that the money that you are using to trade is money that you can afford to lose and not money that is earmarked for day to day expenses, mortgages, tuition, vehicle payments or emergency funds. Make sure to check out our stock trading Ireland page.

Risk management protects your account from being blown out of the water due to events that are triggered by volatility. Online trading involves the probability that the expected profit of your trade could crash and not deliver the anticipated return. In order to reduce risk of incurring losses, it is advised to make use of a stop loss which is like an ‘insurance policy’ in trading. Very often, we see traders ‘falling in love’ with their stock and we hear the term ‘don’t marry your stock’. This occurs when a trader holds onto an asset regardless of adverse trading direction and does not cut his or her losses by making use of a stop loss.

The safest way to safeguard your trading account is to make use of a stop loss. Many traders fail to understand how important this control is and can lose their entire portfolio due to lack of this discipline. A trade is exited either at the point of profit or at a point where the trader considers the lowest threshold for loss has been reached. It is a command via the trading platform to automatically exit the position. There is huge emotional upheaval which occurs at the time of a plummeting share and a stop loss order allows the decision to “cut your loss” and stop the bleeding timeously.

Your online trading account will hold your deposit which is called margin. The amount charged is a percentage of the full amount of the share traded and varies from asset to asset. Margin should be thought of as a kitty or collateral that is essential to open a new trading position. So if your CFD broker requires that you deposit a 2% margin, the leverage amount is 50:1. Our platform pools everyone’s margin together and places trades with the interbank system. Margin is returned to you once the trade is closed. Trading on margin gives you the capacity to enter into positions larger than your account balance. Margin is not a rate of payment or a transaction cost but an amount of your capital that covers the potential loss of the stock you have invested into.

Online trading may well be the answer to working towards financial independence. The advantage of online trading is that the trader may trade an asset which is bearish or bullish going ‘long’ by buying or ‘short’ by selling the asset. We at nextmarkets Ireland, offer a highly sophisticated trading platform, expert advice and support. We charge minimal fees related to the world class service you receive. We are a regulated and reliable registered stock broker equipped to meet your needs and eager to set you on the path of economic empowerment. To find out about the offers out there, head to our stock broker Ireland page.