Introduction:
Skilling is a Popular Trading platform founded in 2016 that allows you to invest in currency, indices, shares, cryptocurrency, and raw materials using CFD contracts. The goal of the Skilling platform is to make trading as easy and simple as possible and to ensure that trading takes place in a safe environment.
CFD contracts (Contract For Difference) refer to price difference contracts, whereby the investor is offered all the benefits of the commodity and stock markets without the investor having to own the target asset itself. CFDs have increased in popularity over the past few years because they offer the investor several different benefits.
This article goes through how investing is done on the Skilling Popular Trading platform. At the same time, you get an overview of how Skilling works and how you can use it in investing.
CFDs, or contracts for difference, are complex instruments with a high risk of losing money quickly due to leverage. 69% percent of small investors lose money when investing in CFDs of this provider, so first carefully consider whether you understand how CFDs work and whether you can afford to take a big risk of losing your money.
Skilling guide: How to invest in Skilling through the platform?
To make it easier to implement the Skilling platform, we have created a step-by-step guide for you to start investing through the Skilling platform. If you are unsure about getting started, we recommend that you read the different sections of the article carefully and you will better understand how Skilling works and what it can offer you.
Creating an account on the platform is completely free and takes a few minutes.
Step 1. Create an account on the Skilling platform
To start investing through the Skilling platform, you must first open your account. When opening an account, you enter your detailed contact information and at the same time, Skilling asks you to answer a few questions. Based on your answers, Skilling gives its assessment as to whether you have sufficient information to invest in CFD contracts.
Opening an account is completely free of charge.
Step 2. Confirm your Skilling account and deposit the money
For you to use the Skilling platform 100%, you must verify your identity and send the site the more detailed identity information they need. After confirmation, you can save money on the account and get access to more than 800 investment instruments and start investing through the Skilling platform. The minimum deposit is 100 euros.
If you are not sure if you want to invest through the Skilling platform, you can try the demo versions before verifying your identity. With the demo version, you can easily try how trading takes place on the Skilling platform and how the platform works without the risk of losing money.
Step 3. Learn how to trade through the Skilling platform
On the Skilling platform, it’s easy to get to know different investment destinations and trades. On the Skilling platform, you can familiarize yourself with the exchange rates of ten different cryptocurrencies and trade them or choose from many other industries. If you wish, you can also save the investment targets you want to your watch list and follow their changing rates.
For an experienced investor, using the Skilling platform can be easy and trading can be clear right from the start. A trade assistant found on the Skilling platform can be of great help to a beginner investor, who guides the trading from start to finish. With the help of an assistant, doing business becomes clear and easy to implement from a further point of view, and you will do better independently.
If you wish, in addition to the assistant, you can use the teaching materials offered by the Skilling platform, which will help you accumulate your knowledge for investing. The teaching materials can be viewed on the Skilling platform completely free of charge after creating an account.
Step 4. Expand your Skilling portfolio with different investments
We recommend that you first buy investment properties through the Skilling platform that you already know a little about and that you want to learn more about. This makes it easier for you to be an active investor and at the same time, you minimize the risk of losing your invested money. Little by little, you should expand your investment knowledge and diversify your Skilling portfolio, because a diversified investment portfolio is less risky. It is not a good idea to invest all the money in the same object.
What are the fees for the Skilling platform?
There is no traditional trading through the Skilling platform, so you also don’t pay a traditional brokerage fee or commission. Instead of these fees, you pay the market spread, which means that you pay the difference between the purchase and sale price. All trading on the Skilling platform is based on CFD trading, i.e. contracts for difference. When you buy or sell, you automatically enter into a CFD that you bought at a certain price.
Is trading safe through the Skilling platform?
Trading through the Skilling platform is safe. The founders of the platform wanted to make it as safe as possible for trading. Security is supported by identification with bank credentials during registration. The company and the platform were founded by experienced entrepreneurs in the financial world who know what they are doing. The company’s owners include, among others, one of Sweden’s youngest billionaires; Henrik Persson Ekdahl, and former head of Google in Sweden; Anders Berglund. Skilling Ltd is an investment company under the supervision of CySEC, the Cyprus Financial Conduct Authority (CIF License No. 357/18).
Instead of thinking about the safety of the platform, you should take into account the fact that CFD contracts always have their own risk, especially for investors with less experience.
Trading hours on the Skilling platform:
Because Skilling works as an online platform, you can use it 24 hours a day. This means that users can trade freely at any time of the day. In addition, the customer service of the Skilling platform is open for 17 hours on weekdays, when you can ask them for help if needed.
Different payment options:
You can deposit money on the Skilling platform with a credit card and via the Trustly platform. In addition, e-payments via the Skrill and Neteller services are also a payment option. The minimum deposit for a Skilling account is 100 euros. There is no additional fee for the deposit.
Investment targets – Where can I invest through the Skilling platform?
Numerous investment opportunities open up through the Skilling platform. On the Skilling platform, you can trade in currency, raw materials, shares, as well as cryptocurrency worldwide. There are a lot of possibilities and you can get to know them at your leisure.
Stocks:
Shares are one of the most popular investments. On the Skilling platform, you can search, compare and trade with the stocks you want. The platform offers a precise analysis of stocks and you can use the tools to compare different stocks.
Indexes:
On the Skilling platform, you can invest in indexes. Indices are popular trading tools for long-term investors. However, indices can also be an interesting tool for active investors and day traders, because by investing in an index you can easily follow the rise and fall of the market. Major political events often have their own positive or negative effect on the market.
Cryptocurrencies:
Skilling enables you to invest in ten different cryptocurrencies, among which are Bitcoin and Litecoin. Cryptocurrencies work in the same way as shares on the Skilling platform, which means that you do not own the cryptocurrency you buy and therefore cannot use it elsewhere. The practice is completely normal when the trade is based on CDF contracts.
Cryptocurrency options on the Skilling platform include Bitcoin, BBitcoin cash DASH, Ethereum, EOS, Iota, Litecoin, MONERO, NEO, and Ripple.
Raw materials:
Through Skilling Popular Trading, you can invest in various raw materials, of which gold in particular is a very popular investment target. On the Skilling platform, there are five different raw materials to invest in. These include gold, silver, gas, and oil (OIL BRENT and OIL WTI).
Currency trading:
After setting up and confirming a Skilling account, you have access to a large amount of information that you can use to draw up CFD contracts. With the help of the information you receive, you can familiarize yourself with several different investment targets and see how other investors react in the market by checking whether they are buying or selling, i.e. the so-called in-short country.
Skilling offers a wide range of tools for preparing technical analyses and monitoring the market. Skilling is a suitable platform for both experienced and inexperienced investors who want to develop in investing.
