LogFAQs > #951051536

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear

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Topic	Stock Topic 23
CoolCly 02/25/21 6:27:02 AM #17:	I agree from an efficiency perspective that's probably the easiest and maybe best way to enjoy some crypto gains, but I see this as dipping my toes in the pool to work towards immersing myself in the crypto world and part of that is going on their platforms and seeing what their tools are and how they view things. It's interesting that Binance and Coinbase trading platforms are both very similar to the SUPER SERIOUS stock trading platforms with all slickest charts and graphs (using my broker Questrade's normal website is very simple compared to its daytrading platform IQ Edge). But it also has differences that I'm interested to explore. I think it will help me understand crypto in the long run. I don't know that Bitcoin in particular is the future but I think the asset class itself is going to grow and change over the years and learning more about how it works will help me to move past this stage I've been in for the last 10 years watching these crazy gains go by but not understanding enough to get in. It's a research expedition that I'm willing to throw a few hundred or even a few thousand dollars at. A further part of my research is that I've been opening accounts with WealthSimple, which is kinda like Canada's Robin Hood. Super simple and streamlined app, no fees, no minimum balance. Intended to get retail investors in the door as easily as possible. Funnily enough they have a crypto app even though most real brokers don't so I'm funding that... I want to see how it differs from the crypto exchanges. I'm also checking them out as they seem like the best platform to recommend to people when they want to start investing but don't have a lot of money to start with. No fees is hard to beat, but I've already noticed that their trick is that they only maintain CAD cash for you, so any time you buy a USD stock, they'll charge FX conversion to change to USD.... and when you sell they charge FX conversion to change it back to CAD. That adds up QUICK. Seems like there's no downside to use it for stuff on the Toronto Stock Exchange though. --- The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG <cite>CoolCly posted [p:951051536] in Stock Topi... [t:79314764]...</cite> <quote>I agree from an efficiency perspective that's probably the easiest and maybe best way to enjoy some crypto gains, but I see this as dipping my toes in the pool to work towards immersing myself in the crypto world and part of that is going on their platforms and seeing what their tools are and how they view things. It's interesting that Binance and Coinbase trading platforms are both very similar to the SUPER SERIOUS stock trading platforms with all slickest charts and graphs (using my broker Questrade's normal website is very simple compared to its daytrading platform IQ Edge). But it also has differences that I'm interested to explore. I think it will help me understand crypto in the long run. I don't know that Bitcoin in particular is the future but I think the asset class itself is going to grow and change over the years and learning more about how it works will help me to move past this stage I've been in for the last 10 years watching these crazy gains go by but not understanding enough to get in. It's a research expedition that I'm willing to throw a few hundred or even a few thousand dollars at. A further part of my research is that I've been opening accounts with WealthSimple, which is kinda like Canada's Robin Hood. Super simple and streamlined app, no fees, no minimum balance. Intended to get retail investors in the door as easily as possible. Funnily enough they have a crypto app even though most real brokers don't so I'm funding that... I want to see how it differs from the crypto exchanges. I'm also checking them out as they seem like the best platform to recommend to people when they want to start investing but don't have a lot of money to start with. No fees is hard to beat, but I've already noticed that their trick is that they only maintain CAD cash for you, so any time you buy a USD stock, they'll charge FX conversion to change to USD.... and when you sell they charge FX conversion to change it back to CAD. That adds up QUICK. Seems like there's no downside to use it for stuff on the Toronto Stock Exchange though. --- The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG</quote> ... Copied to Clipboard!
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