In the long term investments, stocks have been proved as the best source of investment in exchange-traded investments. However, choosing the right investment asset remains a challenge in the investment process.
Factors such as the reputation of the company, technical analysis, fundamental analysis, prospectus and others are important. Here in this article, we provide you with a brief activity of the company and tell you how to invest in Amazon shares.
Registration and Demo
UAE residents, to invest in Amazon online, you have to select a broker.
To select the right investment broker check out all the brokers who are available online in the UAE with Amazon shares.
Follow the simple online registration process which is offered by the broker. Once you register on the site, start to download the software offered by the broker. You will get to know a way to trade in Amazon shares by using the trial version.
Just open a demo account, it is a free trial account. There are bogus funds available in the account for your practice. You can use the facility to learn how to trade and it becomes easy when you are using the real money in investment. This amount will not be reduced from your real account.
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Investment in Amazon
If you are willing to invest in Amazon. You should login to the online platform and select the Amazon- AMZN option from the available list of assets. Enter the Amazon stock platform to trade. You will find a variety of options to analyse stock fluctuations.
You can get information about the latest stock price, price trends of stock which are graphically represented, fluctuations of technical analysis, setting automatic limits on trading transactions, multipliers and others.
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To make an investment in the asset, open the purchase option. The platform will direct you to purchase and you can buy the shares you will become the owner of the assets. If you are investing, then start off by practising with demo sessions.
Once you take demo sessions you will get an idea of how to proceed with real-life situations by making the investment in the stocks. There are different indicators but make sure to choose the best option which is easy for you. Make the analysis, predict the behaviour of market conditions and take the right decision.
The broker’s online website will provide you with video tutorials that will help you and explain how to deal with online trading using the available tools.
Once you are confident of making an investment on a real-time basis then go-ahead to take the risk with the real scenarios. Making investments with real money will give you returns in real profits.
The demo trading which was practised will give you good knowledge and you can learn lessons from this platform and trade successfully.
Steps to investment in Amazon
As discussed above, once you are familiar with the demo account, you can start investing in Amazon shares.
- Find out the online Amazon promotions. Find out the broker online and check for their ratings, years of service and experience, read all the reviews and market awareness remains crucial.
- Find out the commission which is charged by the broker firm and also the range of services offered by the broker.
- Select the online platform, find out the amount (bogus) available for trading, check if it’s easy to use, check if they provide a facility for virtual trading, check for renewal facility and others. Check to find out indicators for technical analysis, functions on stop loss, latest stock price, charts trading and others.
- Take personal decisions before you invest, find out what type of investment you are making whether it is a long term investment or short term investment. Depending on the type of investment, you should follow the strategy.
- Make an initial investment with a smaller amount and later increase investment. Experience with smaller investments will help you to increase your higher investments.
- You should invest an amount of money which you are willing to lose. In the event of any unforeseen event, if you lose all your money in an investment, it should not create any financial collapse.
- Be prepared for unexpected events and also be prepared to bear the loss on investments. Investment is risky so slowly make a move towards taking the right decisions at the right time.
- Have good knowledge about the market, understand the political situation in the country, read and have awareness about the economic news and other external factors.
- Investments that you make online are mostly through knowledge of the stock market, making the right analysis and taking the right decisions to invest in Amazon in the UAE.
- No one can predict the future and say you will become a successful investor unless you try. Take the right decisions at the right time and make the right investment to become a successful investor.
About the author
Vinay Kumar Goguru is a finance professional with more than 8 years of diverse experience as a researcher, instructor and Industry work experience with both public and private entities. Prior to MyMoneySouq, he spent 6 years in Berkadia, It's a commercial mortgage banking company. He has a "Doctoral Degree in Commerce" and two master's degrees with a specialization in Finance, one as Master of Commerce and other as Master of Business Administration. He has written several articles on personal finance, published by different International journals. He loves traveling, reading and writing is his passion. He has a dream of writing a book on his favorite finance topics.
