Any of you lads have any advice in regards to trading online? I'm a complete novice but I'm interested in it as a bit of a hobby and a way to earn a little bit of extra income. I know there are things like Trading 212 and Plus500 out there, but I'm not sure if they're worthwhile or a bit of a scam.
>>7502 >I know there are things like Trading 212 and Plus500 out there, but I'm not sure if they're worthwhile or a bit of a scam.
Thankfully because of EU rules they now have to tell you how scammy they are.
If you want to make a few quid in your spare time, I'd suggest matched betting. By taking advantage of free bets offers from online bookmakers, you can reliably make a few grand. It's pretty tedious and you need to be careful to avoid expensive mistakes, but it is a genuinely profitable opportunity.
>>7505 This. Also, be aware that gambling is, in general, rigged. The bookies can and will take you for a ride, but if you start winning too much they'll stop taking your money.
>>7502 >I'm a complete novice but I'm interested in it as a bit of a hobby and a way to earn a little bit of extra income.
Oh man, don't even start. If you really want to, do about 2 years of reading first. And only use money you can afford to lose. But my professional advice is don't even start.
If you don't have any investments already, I'd recommend setting up a Vanguard S&S ISA and putting a bit of money in there. Their funds are a diverse mixture, so you don't need to do as much thinking. There's a UK personal finance subreddit which is much better at this than me.
I mean, that's if you want to save for a long time. Shove in a bit of money each month, assuming that it'll grow around 5%. For a novice, it does help you feel out your risk level (In 7 months, I've seen my money down 8% and up 14%).
Once you're a bit better read and you're more accustomed to the nature of investing, then you can jump into trading single shares, if you really must.
