Buy Ferrari shares in Singapore
Ferrari is an Italian sports car company based in Maranello.
Founded in 1928 by Enzo Ferrari as the Scuderia Ferrari, the company sponsored pilots and produced racing cars until 1947. In 1947, it began producing street-legal sports cars under the Ferrari SpA brand. Throughout its history, the company has participated in various races, especially in Formula 1, where it has the greatest success. The Ferrari logo is a galloping stallion on a yellow background. The traditional color of cars is red.
Ferrari has a strong and successful brand in its segment of the car market, one of the few car manufacturers that has consistently increased its financial performance and capitalization.
Despite the general crisis, earnings per share were 13% higher than investors' expectations, which triggered investor interest in securities.
How to invest in Ferrari shares in Singapore?
To invest in Ferrari stock in Singapore, choose a broker that provides an online trading service. Watch the broker's image, read reviews, and check the amount of commission that can be charged. All this information is readily available online. Some online platforms also have the advantage of choosing to fund your account in your local currency.
Once you have chosen a broker, register on the online trading platform provided by the broker. The registration process is simple and does not require any knowledge or technical skills.
Then open a demo account test, which will help you get started without depositing any real money. In the account you will see an amount (usually $10,000) which you can freely trade for training purposes.
The benefits of such an account are hard to overestimate, as investing comes with possible losses. So when you have little trading experience and you don't want to take any chances, be sure to practice with a demo account.
You will have access to the same features of the platform as when you use a real account, except of course for withdrawals. If the trial investment fails, and dummy funds are lost, you will be able to recover these funds and continue learning. There is no time limit on how long you can train and use your demo account. You can also extend the fictitious amount in your account as many times as you like.
When you feel that your experience is sufficient for real trading, recharge your deposit in whatever way you feel most comfortable with those offered in the system. The minimum deposit amount is usually $10.
To invest in Ferrari shares, select the RACE tag on the platform. Once you select the RACE tag, the system will prompt you to view information about the property, i.e. current price, purchase and exchange conditions. Here you will see links to the latest news about the company from reliable sources.
You can buy Ferrari stock in several ways.
If experience allows, you can trade derivatives. CFDs, so-called contracts for difference, are very popular.
Trading derivatives allows you to profit from a stock even if the stock price falls, because it is your price prediction. If you predict the price of a stock to fall, and the price does fall, you make a profit.
Online investment platform
Online investment platforms are designed to make it easier for the average user to access the investment process. Now everyone, even those living in the remotest province of Singapore, has the opportunity to invest. The minimum capital is $10.
The platform offers free user training as well as a number of tools to help analyse a listed company.
It is a 100% digital product that is a powerful alternative to the classic investment process and once you try it, you won't want to go back to investing the classic, offline way.
All you need to access the platform is internet access. In addition, many platforms have a mobile version, which means you can perform all necessary operations from your mobile phone by downloading the necessary app. This way, all your investment data will be in your pocket: quotes, updated charts, investment conditions and more.
The digital trading platform offers you graphical functions and advanced charts, which will help you see price fluctuations clearly and identify the patterns of these fluctuations. With the help of the platform you will quickly learn how to make rather complex investment transactions and analyse the stock market.
How to buy Ferrari shares in Singapore?
So, let's take a step-by-step look at how to buy Ferrari shares online.
First, register on the platform we talked about earlier.
To do this, find the right broker online, search for their investment platform, find the "register" button on the home page and fill in the form that opens. Review their privacy notice. Check the box to agree to the broker's terms and conditions. Click "Done". The system will ask for a confirmation email. Login to your email account and check using the link provided.
You can then log into the platform using the password you entered earlier, your email address will be used as your login.
At the end of the registration process, open a dummy demo account to visually familiarise yourself with stock purchases and to see examples of dummy trading. With this account you will be able to test different methods of investing, and understand what fundamental analysis or technical analysis is. This practice will help you understand what investment risk is and whether you are really prepared for it.
A real account for real transactions must be funded with real funds. Before you use a real account, you must determine for yourself how much risk you can take without fear of losing it. We are not preparing you for failure of your trades, but we warn you that this possibility still exists. Almost all trading platforms have a warning on the homepage about possible risks and losing money, so the degree of risk should be acceptable to you, and only you can determine it.
A real account for real bids must be funded with real funds.
Before using a real account, you must determine for yourself how much risk you can take without fear of losing it. We are not preparing you for the failure of your trades, but we warn you that this possibility still exists. Almost all trading platforms have a warning on the homepage about possible risks and losing money, so the degree of risk should be acceptable to you, and only you can determine it.
The system offers many deposit options, the deposit options can be seen on the platform itself. Again, there is no need to run to a bank branch to deposit funds and fill out money orders or other paperwork. Modern payment systems that the platform cooperates with allow you to make payments with a few clicks from the comfort of your home, and the transfer of funds is almost always instantaneous. Usually, most users use Visa or MasterCard credit or debit cards to fund their accounts. You can also use payment systems such as Skrill, Neteller, Webmoney and others.
Is it advisable to invest in shares online?
Online investing in Singapore is gaining momentum, with brokerages competing with each other to offer the best set of tools for your trading convenience. When choosing a broker, pay attention to the availability and accessibility of these tools, the possibility to open a demo account, the amount of commissions, the image of the broker in the stock market and the availability of good experience and good user reviews.
If you want to be successful in terms of investments, constant market research should become your habit, your way of life.
Today's economy is very volatile and life is quite dynamic. To understand the laws of the market, you need to follow the political situation in the country, the economic processes in the country as well as the economic and political situation in the world in general. You also need to understand whether the product or service produced or provided by the company in which you are investing is in demand. Will the company grow and develop or not?
Continuous learning and attention to detail will help you become a good investor and achieve financial success through your investments.