Health, Wealth & Happiness
I’m a big fan of Brompton bikes and own several of them. On this page, I’ll be listing a few of my favorite resources and products.
Here’s a short guide on how to clean the chain. I use the Park Tools CM 5.3 tool.
A carry trade or “carry trading’ is a unique trading strategy where one takes a loan at a low-interest rate and then takes that loan to invest in an asset that provides a significantly higher rate of return. It’s a strategy that has been used in traditional markets for many years between various fiat currencies but lately, many cryptocurrency enthusiasts are using this same strategy with a twist. It’s time to introduce yourself to the crypto carry trade.
The crypto carry trade: A product of low-interest rates at banks
Before we start diving into the specific of the crypto carry trade, let’s first examine how this strategy made such an efficient transition from traditional markets to digital ones. The culprit here is our beloved central banks.
Central banks all over the world are lowering interest rates in an effort to incentivize investors to buy more assets, stop them from “passively holding” fiat in banks, and in turn, stimulate the economy. Whether this is an effective economic strategy is up for debate and could be the topic of a whole new article. However, the point here is that with low-interest rates (and in some cases, even negative interest rates in Europe), traders started getting creative with how to let these low rates work in their favor.
If you’re looking to invest online – whether that’s in the form of stocks, ETFs, or other asset classes – you need to ensure that you are getting a good deal for your money. In other words, you’ll want to pick an online broker that offers competitive fees and commissions.
One of the most notable low-cost brokers active in the space at present is that of DEGIRO. Put simply, this broker allows you to buy US shares at a cost of just €0.50 + $0.004 and ETFs on a fee-free basis. But, are these low trading fees what they seem, or are they simply too good to be true?
That’s exactly what my in-depth Degrio Review intends on finding out. Not only will I explore the broker’s fee structure from top to bottom, but I’ll also cover other important metrics. This includes everything from tradable markets, supported payment methods, user-friendliness, eligibility, customer service, and of course – regulation.
DEGIRO is an online stock broker that is based in the Netherlands. With that said, the platform is now home to over 600,000 investors in 18 countries. This includes much of Mainland Europe and the UK. By opening an account with DEGIRO, you will have access to a highly extensive list of assets.
As we uncover in more detail later, this includes everything from shares, ETFs, bonds, futures, and leverage products. All in all, this online broker covers over 50 marketplaces across 30 counties. As such, if there’s a specific financial instrument that you’re interested in, there is every chance that you will find it at DEGIRO.
In the 8 months prior to writing this guide, Bitcoin was priced at ‘just’ under $5,000. And today? The very same digital currency is trading in and around the $18,000 range. Put simply, this means that Bitcoin has increased in value by over 260% since March 2020.
With this in mind, it goes without saying that interest throughout Europe in this cutting-edge cryptocurrency has sky-rocketed in recent months. The good news is that buying Bitcoin these days is actually really simple.
All you need is a good online broker or exchange that accepts your preferred payment method – such as a debit card or bank account. But, with so many options to choose from, knowing which platform to buy Bitcoin from can be daunting.
In this guide, I explain how to buy Bitcoin in Europe in the quickest, safest, and most cost-effective manner. On top of discussing the best online platforms to complete the purchase with, I also provide a simple step-by-step walkthrough on how to buy your first every Bitcoin today.
If you’re simply looking to buy shares or invest in an index fund – CFDs won’t be for you. But, if you’re looking to deploy more advanced trading strategies – such as applying leverage or short-selling, then CFDs might be the solution.
Put simply, CFDs are tasked with tracking the value of an asset like-for-like. This means you won’t own the CFD instrument, but you can still profit from ever-changing price movements.
In this guide, I am going to discuss everything there is to know about CFDs. I’ll cover how CFDs work, what you can trade, how leverage and short-selling can be accessed, and what sort of cost-savings this financial instrument offers. I’ll also talk about two of my favorite CDD trading platforms: eToro and NS Broker. I’ve reviewed both in-depth before, so I highly suggest you check out my eToro review and NS Broker review as an accompaniment to this article.
CFDs are contracts-for-differences. They are financial instruments created by online brokers and trading platforms. The primary goal of a CFD is to track the real-world price of an asset. For example, if Tesla stocks move from $400 to $400.50, the CFD instrument will mirror this.
Similarly, if the market price of Gold goes down by 2.2%, as will the CFD. The most important thing to understand about this complex financial instrument is that by trading it, you won’t own the underlying asset. For example, if you place a $500 buy order on Bitcoin CFDs, you won’t own $500 worth of Bitcoin.
On the contrary, this is the amount that you are staking on the position. In turn, if Bitcoin increased by 10% in value, your $500 stake would now be worth $550. Although at first glance you might be put off by the fact that you won’t own the asset you are trading, CFDs come with several perks.
As I explain in more detail shortly, this includes:
All in all, CFDs offer traders an alternative to traditional asset classes like stocks, mutual funds, or ETFs.
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