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How to buy
If you live in Egypt, the best way to invest in JP Morgan shares is, without any doubt, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Cyprus Securities and Exchange Commission, and therefore complies with all the regulations of the European Union, the most demanding in the world.
We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Egypt, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.
How to sign up, step by step
The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.
Then check your email: you have received an email from eToro, click on “Verify my email” and your account will be verified.
Once on eToro, you just have to click on “Deposit funds”, in the page menu.
There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:
As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.
How to make your first trade
When eToro has confirmed the receipt of your credit, you just have to search for “JP Morgan” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
JP Morgan business explained
JP Morgan is a U.S. financial institution founded in 1871 from which originated the three largest banks in the world: JP Morgan Chase, Morgan Stanley and Deutsche Bank. Currently, when referring to JP Morgan, we are talking about JP Morgan Chase, which was born from the merger between the original bank and Chase Manhattan Corporation in 2000.
Chase Manhattan Corporation also has a long history, dating back to 1824 with the name of Chemical Bank. It was for several periods the largest bank in the United States in terms of both deposits and investments.
Since its foundation, Chemical Bank grew and merged with other banks, and in 1996 it acquired Chase Manhattan Corporation. It kept this name until 2000 when it merged with JP Morgan and formally became JP Morgan Chase & Co.
The merger of these two large banks gave rise to a giant that is considered the oldest financial services institution in the world. In addition to being the largest having as assets the astronomical figure of 3,689,336,000,000,000 dollars, that is, 3.6 trillion.
JP Morgan Chase as an investment
The phrase “too big to fail”, which has economic implications behind it, fully describes today's JP Morgan Chase. It is virtually impossible for this bank to fail, regardless of the state of the economy.
And if it did, it would be immediately bailed out by the U.S. government as has happened with other banks. This is because, given its size, it would have huge implications for the economy as a whole if JP Morgan Chase were to disappear.
However, as we have already said, it is practically impossible for this to happen because JP Morgan Chase, together with the FED, has bailed out other banks. Such is the magnitude and importance of this financial institution.
So, if an investor is looking for a company where his money is safe in every way, JP Morgan Chase is the best possible choice. Because to conclude, the shares of this company have good yields and pay dividends to its investors.
Some of its advantages are:
- It offers other users successful investment strategies so you can replicate them
- Allows you to go short
- It is uncomplicated and easy to use
- eToro offers leverage
- It is possible to invest in plenty of different goods
Main site: www.etoro.com *
In case you are interested in buying JP Morgan shares from Egypt, eToro is certainly the best option.
eToro is known for making “social trading” fashionable, an innovative way of investing in which traders can repeat the strategies of other investors who have been generating income for years.
eToro has solutions for you, even if you are still a novice user in trading. You can rest assured that you are making a smart investment since the site duplicates those from subjects with a long profit record. And for those skilled investors willing to share their techniques with others, eToro rewards your knowledge with money.
Besides, the interface of the platform is so uncomplicated, ideal for users who want to start learning about stocks and investment, without ending up overwhelmed with tons of numbers and information.
What are the instruments you can trade in eToro?
You already know about stocks, there are a few more financial assets you can trade with in eToro.
Have you heard about Exchange-traded funds or ETFs? They are passively managed funds, known for merging the advantages of stocks and mutual funds, because they can be traded regularly at market price, but offer much more variety and the rates are significantly lower.
About Index Funds
If you are interested in long-term investments, and you won't need to take back your money in at least five years, index funds can be the best alternative. This kind of investment is also suitable for beginners since it is more secure.
You may think differently, but benchmark returns are very difficult to beat and very few fund managers achieve that, apart from some famous cases.
If a fund manager brags about having beaten the benchmark, they probably did it for a short time or on a specific occasion, or perhaps the charges are so high that indexing would be a better decision anyway (with minimal commissions).
Index funds provide solutions to both concerns: their fees are insignificant and they frequently beat active managers, but in the long term.
The major advantage of investing in raw materials is that their price fluctuates less than that of other financial products. Actually, their stability is what makes most people trade with raw materials when facing economic adversities or fears of inflation. However, the prices of commodities are defined by their demand. Therefore, if a generalized fear of inflation provokes higher demand, the prices will also be higher.
Consider that raw materials don't pay dividends. Therefore, by investing in them you will only have a further income by selling them back.
Commodities are generally classified into hard raw materials, which include precious metals as gold, silver, or copper, as well as industrial metals, and oil; and soft raw materials, which are agricultural products, like soy, cocoa, corn, or rice.
How to deposit funds into your eToro account
When it comes to payment on eToro, there isn't really much to say, since it is really straightforward. You only need to select “Deposit funds”, put an amount, and choose your payment method. You can pay with PayPal, bank transfer, credit card, Skrill, or Neteller.
Evidently, for security reasons, you should be the holder of the account or the credit card.
The minimum first time deposit is $ 200, and there is a maximum limit for unverified accounts. Thus, if you aim to trade with large amounts, you will need to verify your account previously.
You can pay in any currency you want and eToro will do the conversion to USD. However, it is advisable to use USD anyway since the platform charges a commission.
How does eToro work?
We mentioned previously that eToro is very friendly and intuitive. Anyone can start using it without having to read endless explanations.
Everyone who has used social networks like Whatsapp or Linkedin, knows enough to operate with the eToro interface.
We will talk about how to register and the different tabs you will find on the platform.
When you register, you will have to fill in all the information that eToro asks for: first and last name, address…
Also, you will see that they ask you some questions about your experience as an investor.
But don't feel intimidated, there is no right or wrong answer. The objective is to know more about you and determine which financial instruments they should suggest according to your knowledge and experience.
You will see a bar that says “incomplete profile” until you fill in all the information.
Let's review the different tabs of the interface.
With the “Set Price Alerts” tool, you'll be able to program an alert when an asset is at a certain price. Just click the tab and you will be able to set it. This is perfect in case you want to buy a security and you are waiting for its price to fall.
The section “News Feed” allows users to interact and learn from each other by sharing their opinion and experiences.
“Instruments”, “People” and “CopyPortfolios” are within “Discover”. And we discussed previously in this guide the different financial instruments on eToro:
- Exchange-Traded Funds
- Index funds
The term “social trading” comes to life in the section “People”: there, you can duplicate the movements of any investor you choose. You'll be able to see all their profiles and historical performances.
In this section, you will be able to search for those traders that you find more interesting. You can apply filters like risk level, average profits, or financial instruments. When you select an investor and indicate the amount you want to invest, eToro will automatically replicate their movements, in proportion. If you invest $ 1000 and the user puts 20% of their funds in an asset, the platform will put $ 200 of your funds in the same asset as well.
Finally, you will also find the CopyPortfolios divided into three main categories: “Top Trader”, “Market” and “Partner”.
Remember that in some cases, it might be better to copy from CopyPortfolios than to particular investors, since the former offer more diversity. There are all kinds of portfolios that you can find easily and are classified by sectors. So, if you think a specific industry, such as fashion or oil, has good chances to succeed, you can look for that specific portfolio and invest in it.
What is social trading?
eToro was the first broker to propose that trading could become social, and time has proven that it was a great idea. A lot of copycats have appeared since then, but we have tried them all and eToro is still the best.
But it wasn't just about creating yet another social network to talk about investment. The real achievement was in the possibility for users to copy the strategies of advanced investors, who were in turn paid for their ideas.
When you access eToro you will find in the menu on the left the options “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” are kinds of exchange-traded funds or thematic index funds, a portfolio that includes several goods of the same sector. Let's say that you consider that the gaming sector is going to succeed shortly but you don't know which stocks to select, you just have to invest in the CopyPortfolio “InTheGame”, which includes Microsoft, Google, Tencent, NVIDIA, Logitech, Intel, AMD, Nintendo, Ubisoft, Unity, among others.
You should know that in the last twelve months, CopyPortfolio has given returns of 100%. And you can benefit from it just by choosing a portfolio, enter your chosen amount, place the stop-loss and click on the “Invest” button.
But it is also possible to copy other successful investors of the platform. It is really simple: you can find them with “Copy People” and just replicate their strategies.
You will find in the profile of each user: the kind of assets they operate with, their risk profile (a higher risk implies more chances of earning more or losing more money), and their performance history.
And although replicating other people's strategies is very interesting, you should also make the most out of the platform's community, read what other users think, and learn from them. It is great for acquiring important knowledge, especially if you want to turn investing into a lifestyle.
You can trade cryptocurrencies using several methods: from buying and waiting to day trading (and benefit from price fluctuations).
My suggestion for those who are beginning to invest is something in the middle: when you open your position, set a dynamic stop loss 15-20% under the top price, and forget about the operation.
Therefore, if for example you acquire a cryptocurrency at $ 10, it reaches $ 20 and then falls to $ 12, your position will be closed at $ 16-17 and you will have made a decent profit.
I know it might sound more appealing to sell when the price is at its peak, right before corrections, but that is simply not possible. The mentioned method is much more realistic and it can give great results.
Sooner or later, you will be prepared for using more advanced investment techniques, such as using leverage or going short to profit from bear markets.
How does a virtual portfolio work?
For those who still don't have much experience in investing, a demo account can be useful. Just make sure the virtual mode is set in the upper left corner of the page and you can start operating with fictional funds.
This is a great tool for those who are new to this world and want to put their talents to the test before playing for real money. With your virtual portfolio, you will begin with a $ 100,000 balance (which of course, is fake) to do your trades, not only with JP Morgan, but you can also work with a diverse portfolio with all the different assets that are available on eToro.
The first attempt is not usually that good. But you can ask eToro to replenish the virtual $ 100k to your portfolio, and the second time you should do better.
However, keep in mind that investing is mainly about being prudent, and demo account trading can have an adverse effect. It is completely different to risk your own money than to do operations with virtual funds which loss does not suppose any drama.
As you may suppose, if you intend to invest in the medium or long-term, with earnings almost guaranteed only by replicating an index, it doesn't make sense that you invest in the virtual mode and wait for years. On the contrary, you may be interested in the virtual mode if you want to practice with short or medium-term investments.
* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.