on the crypto
Monte dei Paschi di Siena, who doesn't know it? It is the oldest bank of Italy founded in Tuscany during the Renaissance era in 1472.
For centuries, the bank enjoyed an excellent reputation, many believed that it was managed prudently and profitably. Its financial stocks have been for a very long time and are still traded on the stock exchange today.
Thousands of shareholders have shown considerable interest in the listing of Banca MPS shares, despite the financial scandal that occurred in 2008 and the collapse of the listing on the stock exchange in Piazza Affari.
Would you like to buy MPS shares too? Would you like to follow the example of many shareholders and invest a part of your assets in the oldest bank in Italy?
Well, today I will explain how to do it, we will see together how to move in the world of the stock market and online trading in a simple and totally safe way to buy your much desired shares without risk.
MPS shares what to do
It is one of the most profitable investments this year. The bank that operates in the financial services sector has begun to review after many years, the growth in the value of its stock. Before buying MPS shares, there are a few details you shouldn't forget to know what you're up against.
Of course, it is important to know the history of this banking institution and not to underestimate the problems it is trying to get out of. Before the serious financial crisis that hit MPS in the past years, the bank's shares were bought in the traditional way, through one of the different branches of the credit institution.
To date, given the minimum value of its shares, the number of shareholders who decided to invest in MPS has significantly increased. However, many investors, to buy the shares of MPS and to avoid paying the high commissions provided by the bank for this type of operation, have turned to one of the numerous online trading platforms that are on the web. The most used and known is certainly eToro.
What is eToro
In a world full of platforms dedicated to online trading, many MPS shareholders are scammed. It is difficult to orient yourself and choose the right broker to rely on but in this case, eToro is the best choice.
It is a broker that carries out its activities under the careful supervision of CySEC, a leading financial supervisor. The platform has introduced for the first time, the concept of social trading and will allow you to invest considering different aspects: stock values, stock market indices and cryptocurrencies.
As mentioned above, this is a regulated broker and therefore 100% safe. Which means that in order to trade with its platform, after registering you will also need to verify your identity within 30 days of registration. This is a fundamental step required by law. However, doing it is very simple as we will see in a few lines.
What are the advantages of eToro
Once registered on this online trading platform, we could delve into this complex and unpredictable world.
eToro in addition to allowing you to operate in many different markets with a minimum investment of € 200, offers many other advantages to its users, let's see them together:
- Social Trading. The main feature of eToro, allows you to face the world of online investments just as if you were in a real social network. You will be allowed to interact with the most skilled traders in the industry and get advice to improve your investments.
- Copy trading. eToro allows you to copy all the investments made and the strategies of the most famous traders. Definitely useful section especially for beginners in the sector.
- It allows you to use the demo function for free, where you can practice the software and learn the basics of the world of online trading before you start investing your money.
- There are three different types of commissions on eToro: spread commissions, the difference in price between which you can buy and between which you can sell; overnight fees, additional amounts for those who want to keep their position open beyond the expected market hours; weekend commissions, have the same characteristic as overnight commissions but concern the days when the market is closed.
How to buy stocks on eToro
To start buying shares on eToro you need to follow these steps:
- Open an account on the platform
Registering on the site is very simple, once you enter the home page you can click on “join now” and fill out the registration form with all the personal information requested. It will be necessary and essential to verify your identity within one month of activating your account, by sending your valid identity document.
- Deposit your money.
To trade, you will obviously have to invest an amount of your capital, then select the amount to deposit and choose one of the many payment methods accepted. eToro accepts bank transfers, credit cards of the main circuits and electronic wallets.
- Demo mode and live mode.
How to view the MPS stock chart
Once you have followed the steps to register on the site, you can finally start discovering the world of online trading and start investing in stocks. You simply need to access the "markets" section and locate your favorite:
- choose the capital to invest;
- indicates the direction you want to give to the trade (purchase or sale);
- establish leverage and set your stop loss and take profit to safeguard the capital you have invested;
- confirm the operation.
Obviously, you can also carry out these operations in the demo mode in order to improve your skills and try your strategy, before investing your capital.
Conclusions
Since the financial crisis hit MSP, the bank's shares have plummeted, dropping more than 70% of their value.
Despite the difficulties faced and thanks to all the efforts made by the government, the management and the investors, Monte dei Paschi di Siena has managed to get back on track, with an increasingly positive trend in the market.
Anyone wishing to invest their capital in Monte Paschi di Siena must always keep his goals in mind and move with extreme caution. Surely with the use and support of platforms such as eToro everything will be easier.
In a short time you will be able to learn the secrets of online trading, start earning large sums and you can always keep an eye on the progress of your investments.