04.05.2024

In today's video we'll be looking at the. brokerage platform stake this is one of. the most versatile brokers that you can. get and it has a lot of features that. makes it very beneficial. i'll be giving you a complete. stepby-step guide all the way from. setting up an account. to making your first investment and some. tips and tricks along the way. to help you unlock all of stake's. features stake offers many benefits over. other brokers these include the ability. to trade on margin. no brokerage fees and a lot of indepth. research on a company's financials. overall i think stake is one of the best. brokers that you can get. and it's great for people who are just. starting on the investing journey. and those who are seasoned veterans in. the stock market remember guys. if you find this video helpful make sure. to help me out by liking this video and.

Subscribing to the channel. so you can stay updated with future. content steak is a platform that allows. new zealand and australian investors. to put their money into the u.s stock. market this means you can invest into. big branded companies. like facebook tesla amazon before you. get started with steak you'll need to. make an account this is almost no. different than making a facebook or. instagram profile. you'll need all the regular pieces of. info like your email address and phone. number and then a few extras. like your driver's license number and. proof of address just so stake can make. sure that no fraudulent activity. is taking place on the platform once. you've sent all of that information. through. it'll take about one to two days for it. to get processed. and then you'll be nice and ready with. the steak account if you're new to steak.

And thinking of signing up. use my referral link down below in the. description to get a free stock. either for dropbox gopro or nike and. currently the nike stock is valued at. 160 us dollars. so to get a chance to grab one of those. three stocks. use that referral link down below in the. description when you first sign up to. stake. just jumping behind the computer screen. i'll give you an overview of what the. platform looks like. and some key features to be aware of. when you're using steak so once you're. on the home screen of steak. if you're wanting to look at a. particular business you just type it in. at the top here so we'll just use. facebook as an example so just type that. in and then it'll pop up down here. you click on it then you'll get a lot of. financial information about the. particular business.

That you're looking at so here we can. see the changes to the share price of. facebook. over the course of one day and you can. look at this over different time periods. one month three months and then even up. to three years. this gives you a good idea on how well. that stock has been performing. over a period of time and you can look. at it also in a candlestick graph for. those of you who are interested in day. trading. this is one of the great features about. stake because it not only supports. longterm investors but also day trading. through a zero brokerage fees. and its candlestick graph because other. brokers. more often than not will have a. brokerage fee either a flat charge per. transaction. or a percentagebased deduction of what. you've invested and these brokerage fees. can add up very quickly if you're.

Someone who's interested in day trading. but stake doesn't have any of that and. it also has the candlestick graph. so it's very supportive of the two ends. of the investing spectrum. the people who are interested in day. trading and also those who are longterm. investors jumping back over to stake if. you scroll down a bit you can see more. financial information about a particular. business. like the open high and low the highest. and lowest price for that particular. stock on the current day and then also. the market cap. and p e ratio and something very good. about stake is that you can see how many. people. have viewed that particular stock the. number of trades and how many people are. watching it how many people have added. this stock to their watch list so you. can get quite a good idea of how much. this particular business has been traded.

And how many people are interested. in buying it so that might influence. your decision on whether or not you want. to invest in that company when it comes. to topping up your stake wallet. it's done through a bank transfer so in. terms of the fees that are associated. with topping up your wallet on stake you. get charged. 70 cents per 100 invested so if you're. wanting to invest. one thousand dollars you'll be charged. seven dollars for the fx. fee and then with your first investment. you make on stake. you also get charged five dollars for. the us tax form so as you can see here. currently there's also a express fee and. this is if you want the money to hit. your account a bit faster. so down here you can see that with the. express time. money would hit my account at monday 9. a.m. new york standard time and then if i.

Were to do the regular transaction and. didn't want to pay the extra express fee. and the express fee. is 0.5 so if i just click on regular. then i'll be charged the seven dollars. for the fx fee and just the five us. dollars for. the u.s tax form which is only paid once. the u.s tax form is a oneoff deduction. from investment once you've done some. research on a business and you're. thinking of investing into it just go to. that company you're wanting to look at. so for example here we've got facebook. just as before then you'll click. on buy and you'll have a few different. options when it comes to purchasing a. stock. so the first option that you can see. here is limit buy and this is very. useful. if you're wanting to invest in a. particular company and you think it's. got some momentum behind it. for example as you can see here facebook.

Is trading at 341 dollars so if you. thought that based on your research. facebook was going to start climbing in. value and. you don't want to keep checking your. phone to see what the price of the. business. is you could put in a limit buy order so. if facebook climbs to a particular price. then the shares will automatically be. purchased for you so what i mean by that. is if you thought that facebook was. going to say climb up to. 350 dollars if you pop that in here. then the shares for facebook will be. purchased once they reach a value of 350. so this means you won't have to. constantly be checking your phone. to see if facebook is actually climbing. in value and you can just have a set and. forget strategy. with your investment by putting in that. set value and then the shares will be. purchased. on your behalf once those or if those.

Figures are actually met the other. option. is market buy and this is when you buy. the stock at the set price. as before facebook is trading for 341. and then if you hit market buy you'll. just be buying those shares. at the set price and with stake it. allows you to buy. fractions of a company so if you don't. quite want to invest 341 dollars. into facebook and buy a whole stock you. don't have to do that you could buy 0.2. or. 0.5 of the stock you could just say. invest 170. into facebook or even just 20 if you. wanted to do that do keep in mind that. the us stock market. is only open at certain times and this. is displayed. on the stake home page so when you're. buying or selling your shares. if you're trying to buy them outside of. the opening hours for the us stock. market. you'll have to wait until the stock. market opens and this can be a bit.

Annoying because. if you do a market buy order of facebook. and the market buyers just buying the. shares at the set price. if you do it outside of the u.s stock. market being open you might have bought. them at 341 dollars. at the time of sending the request to. make that investment. but by the time the market opens those. shares could have gone up or down. you know they could have gone up to 350. or down to 330. with something like facebook it's not. really a problem because it's a. very large company that isn't really. subject to much volatility. but if it's a smaller business then the. actual price of when you've executed. your trade. versus the price that you get for your. shares could be very different. so just keep that in mind that ideally. you want to be investing. if it really matters to you or you're. investing in a volatile company.

That you should be making your. investment when the stock market is open. so if you're wanting to put your money. into a meme stock like gamestop. or amc then it would be much better for. you. if you do investing when the market is. open so that your shares are actually. purchased at the price that you've. selected. also with stake you have the wall street. tab. and this gives you a lot of detailed. info about the financials that have been. going on in the stock market. you can look at indexes like the s p 500. and the nasdaq. you can have a good idea of how well the. stock market has been going and any key. changes that you might need to be aware. of. and you can look at the news to refresh. yourself to see if there's any. information. to look at when it comes to what's been. going on in the market that'll do me for.

today. remember if you find the content helpful. make sure to help me out by liking this. video and subscribing to the channel. as always i'll see you guys in the next. one. you