This Wednesday, 14th July, is the National Day of France. This is a very important date in the history of the country, as it was on 14 July 1789 that the fortress of the Bastille was stormed by the people, marking the end of the hegemony of the French monarchy and the start of the Revolution.
232 years later, another kind of independence is as at stake: financial independence. Today, most people have accepted other stakeholders taking control of their money. It is now possible, though, to reduce the role of intermediaries in our access to our money, retaking control of our resources and gaining more autonomy over our investments.
How is this possible?
By allowing us to access global markets with low fees and minimal entrance barriers. On eToro, the world’s first social trading platform, which has been at the cutting edge of online investment for over a decade, you can invest in 6 different asset classes (Stocks, Indices, Currencies, Commodities, Crypto and ETF).
The idea that only those able to invest major sums of money can potentially make a profit from investing in stocks is no longer true.
You can now invest in the stock market with small sums. eToro, for example, allows you to invest in fractions of stocks with no fees charged (0% commission) when you buy or sell a stock (note that this does not apply to short or leveraged positions). This helps to reduce one of the main obstacles to entrance for many potential investors.
It is essential to have starting capital that you can afford to lose.
You then get free access to information through the eToro social network, with all the financial know-how it contains.
Being independent doesn’t mean you have to go it alone. eToro’s greatest asset is its 20-million strong community, who can follow and help one another in a friendly and transparent manner.
Stock market success doesn’t boil down to having an innate talent or being a genius. As a beginner, you don’t need to study economics or wait until your account balance reaches a certain level.
Financial autonomy is an achievable goal; all that is needed is practice, patience and discipline.
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