Frequently Asked Questions
How can we help you?
Is Significant Trading Ltd Authorised by the FSA?
Significant Trading Ltd is an education provider in the area of trading the stock and foreign exchange markets. The FSA (Financial Services Authority) is an independent body that regulates the financial services markets, exchanges, and firms in the UK. Financial education is not currently a regulated activity in the UK, as such authorization is not required, or even possible.
hOW DO I OPEN A BROKER ACCOUNT?
7 Steps for opening a brokerage account:
- Determine the type of brokerage account you need.
- Compare the costs and incentives.
- Consider the services offered.
- Decide on a brokerage firm.
- Fill out the new account application.
- Fund the account.
- Start researching investments.
I have bought property and with rent and capital gains made an substantial amount, wHY WOULD I WANT TO INVEST IN THE STOCK MARKET?
The age old saying by Don Quixote, Miguel de Cervantes, of ‘Don’t put all your eggs in one basket’ is applicable why you should not only invest in property.
Each additional investment type you select for your hard-earned money acts like a separate basket that allows you to have several risk levels. Mixing investments like shares with property gives you the chance of higher potential returns, while helping to limit your overall losses
do i have to use a specific broker?
It is entirely up to you which broker you use.
What costs are involved with each transaction?
The cost involved with each transaction and thereafter will depend on who you have chosen as a broker. This decision is entirely up to you and will depend on your personal circumstances.
To open a broker account requires no funds. However, when you want to start to trade, you will be required to fund your account and this will depend on your specific broker, but could normally be from a £100
For instance, Hargreaves Lansdown charges £11.95 to enter a trade and £11.95 to exit a trade. There are also cheaper accounts like Interactive Investor to name one.
HOW MUCH TIME DO YOU NEED TO BE ABLE TO TRADE?
The idea is to choose a strategy that fits your lifestyle. If it doesn’t fit your lifestyle, you won’t apply it well and consistently, and it won’t work for you.
We personally practice and teach an end-of-day strategy. This means I follow easy step-by-step rules that are applied after the market has closed. I look at the charts when they are quiet, and we can make decisions with no pressure.
We have set it up in such a way that I only have to look at the charts once a day at the end of all the activity. We do this at the most five days a week, as the markets are not open over the weekends.
With this approach, you have total command of your day, and you can do whatever you want, wherever you want, to fullfil your life’s passion.
What We Can Do For You
Our purpose and vision is to ensure that you are fully trained to make informed decisions. Feeling confident to manage your own financial future.
Having limited funds is is usually a surprise for people. While you have to spend thousands on property or thousands on starting a business, in the stock market, you can start with about £500 to £2000—that’s a lot less than starting any business! I am often told that in property, the way to start is to use other people’s money. There are various ways of not using your own funds, but it does involve you having a very good credit score or rating, doing joint ventures, or borrowing money from other sources.
There are also the costs that you cannot avoid, like solicitors’ fees, which bring the no-money-down deal into doubt.
Still Have Questions? Get In Touch!
If you have an idea, a suggestion or a question for Significant Trading?
We’re here to help.
If you can’t find an answer in our FAQ, please contact us