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How to buy
If you live in Philippines, the best way to invest in Qualcomm shares is, definitely, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the United Kingdom's Financial Conduct Authority (FCA).
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 our language, accepts users from Philippines, 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.
Now check your email inbox: you should 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.
If you have a choice, we do not recommend bank transfer because it takes longer, and it can be very frustrating to see the price of Qualcomm rising while you wait for your transfer to be done.
How to make your first trade
When eToro has confirmed the receipt of your credit, you just have to search for “Qualcomm” 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.
Qualcomm is an American technology company that is well known because its chips are widely used in the smartphones industry. And among all the chips it manufactures, surely the best known is the Snapdragon processor, which is preferred by most smartphones manufactors.
This company, founded in 1985 in California, initially offered satellite location and messaging services to long-distance transport companies. At the same time it produced integrated circuits for equipment specialized in digital radio communications as well as its first patents, which would be essential for the company.
It would be in 1990 when Qualcomm has the first approach with cellular technology, particularly with CDMA, which would define the future of the company. This fact plus its patents mark a milestone for Qualcomm because, although it is known for Snapdragon, its real business is in cellular technology patents.
In those years, Qualcomm developed a lot of wireless technology that it filed and patented in the United States. As time went by, its patents would be taken as standard in the cellular industry and for wireless technologies.
That is why its main business and source of income is the licensing of patented technologies. And all, but all cell phones are dependent and use in one way or another some of Qualcomm's patents. Thus, Qualcomm's licensing fee is between $20 and $30 per mobile device produced.
This is an outrageous figure for the sector, being 10 times higher than the average and for which Qualcomm has entered into legal disputes in the United States for monopoly. Although Qualcomm has come out of this with flying colors and has argued that the price for using its patent is higher because its patents are more important and indispensable.
As you can imagine, Qualcomm receives a monstrous income from patent licensing alone. This allows the company to pay quarterly dividends to its investors for an average of $2.6 per year. In turn, these two facts are reflected in the positive returns that Qualcomm's stock has on the stock market.
If we add to this the fact that the legal battles that Qualcomm has won basically allow it to continue with its patent monopoly, we can affirm that this company is one of the best to invest in the long term.
Reason for using eToro for investing in Qualcomm from Philippines?
- Lets you invest in thousands of different goods
- Leverage is allowed
- User-friendly and straightforward
- Allows to learn from other trading tactics
- Allows “shorting” or short-selling
Homepage: www.etoro.com *
eToro is the best option today to trade Qualcomm shares from Philippines.
This broker is well-known for making “social trading” fashionable, an innovative way of investing in which investors can imitate the movements of other traders who have been generating income for years.
If you are still a newbie or haven't gained much experience in investments, eToro is great for you. You can rest assured that you are doing a smart investment move when replicating those from subjects with a long profit record. Oppositely, if you are an expert in the subject and decide to share your methods with other traders, eToro rewards you with money.
Another advantage is how easy the interface is, which turns out perfect for new users that are just learning all about the trading world.
Can you trust eToro?
eToro is very careful with the data about past performances from investors, and its reliability has been independently tested several times.
In the legal aspect, eToro follows all the demanding regulations of the European Union. Its head office is in Cyprus, where it is approved by the Cyprus Securities Market Commission (known as CySEC), which protects up to € 20,000 of the debts from its clients (those from Philippines included).
eToro responds to the European Financial Instruments Market or MiFID in Europe, and to the Financial Conduct Authority or FCA in the U.S. You should also know that it has a trajectory of fifteen years, with more than 20 million users around the globe. So, you can be sure that your finances are safe.
Finally, their customer service functions perfectly. You can use the online chat, and they also have a phone number available for assistance.
eToro payment methods
Among the payment methods accepted on eToro you will find: bank transfer, PayPal, credit card (Visa, MasterCard, Diners, Visa Electron and Maestro), Neteller, and Skrill. Depositing money with eToro is so simple: click “Deposit funds”, choose an amount and the payment method you prefer.
Of course, keep in mind that for security policies, you need to be the account or credit card holder.
The minimum first time deposit is $ 200, and there is a maximum limit for unverified accounts. So, if your intention is to deposit higher amounts, you should contact Support to verify your account first.
Also, remember that you can make the deposit in any currency because eToro will make the conversion to USD, but charges a commission for it, so it is better to make the transfer directly in USD.
What is leverage
In case you are not familiar with the term “leverage”, we'll put it short: it is the ability to invest a higher amount than you actually have. For example, you can enter with $ 100, but if you leverage x2, your initial investment will be $ 200.
Everything you need to know about leverage
Assuming that, for instance, you are sure that Qualcomm price is going up, and that you have $ 1,000 for “going long”, you must know that you have the option of investing more and making more money.
There's the possibility of requesting a credit at your bank, but you must know that all the process takes time, and when you receive the money, Qualcomm might be already at a much higher price, so you wouldn't be able to invest the way you planned.
Leverage is exactly like a loan, and you will only have to click a few times! You will be able to invest (and earn) much higher amounts than what you actually have on the platform's wallet. Before trading, you will be able to choose between the different options as in the screenshot below:
Within other markets, you can use more leverage. The reason is that cryptocurrencies are usually medium-long term investments. However, leverage is used mostly for day trading or short-term trading. But let's see how leverage works:
- If you want to invest $ 1,000 and you use leverage x2, you will be starting with $ 2,000 ($ 1,000 are a “loan” from eToro).
- Then, turns out that Qualcomm price does increases, as you thought, and now the price of your investment is $ 2,400 (20% more), so you decide to sell back because you want to play it safe.
- Once the $1,000 from leverage is returned, you will have $ 1,400 left; which means the net profit is $ 400, since the other $1,000 was yours from the beginning.
In conclusion, by investing $ 1000 you can make a profit of 40% (in the case you earn $ 400). That is pretty decent.
But there's always a drawback. If all goes as you planned and the asset increases, you will make money. However, if the asset decreases, you will also lose more money than you invested.
Let's say that the asset didn't increase by 20%, but it decreased also by 20%, you won't lose $ 20 but double, $ 40. Because of that, the concepts of Take Profit and Stop Loss are crucial when operating with leverage.
Take Profit is used as a form of reducing risks when trading. When you enter, you can set a profit limit and ask that your position is automatically closed when the asset reaches a price.
If you purchased Qualcomm shares at $ 100, you request eToro to close your operation when it reaches $ 120. That way, you make sure you won't be blinded by greed and decide to wait a bit longer in case it keeps going up, which could make you lose it all.
Stop Loss is even more necessary, especially if you use leverage, because a reduced loss with leverage can have a significant impact. That is why it is vital to establish a Stop Loss more conservative than that suggested by the platform.
What assets can you trade in eToro?
Besides stocks, there are way more financial instruments available.
Most people invest in raw materials due to their stability. While other assets tend to fluctuate more, commodity prices vary less and offer security against inflation or market volatility. Nevertheless, prices are subject to supply and demand in the market, so if the fear of possible inflation produces greater demand for a certain good, the price will also rise.
Note that raw materials don't pay dividends. Therefore, the only potential further earnings would come from a future sale of the asset.
There are two main types of commodities: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals (for instance, aluminum, iron, or zinc), and oil; while the latter are agricultural goods, like cocoa, soybeans, rice, or sugar.
What do you know about Exchange-traded funds or ETFs? They are passively managed funds, known for combining the advantages of stocks and mutual funds, because they can be traded regularly at market price, but include a much wider diversity of assets and the rates are significantly lower.
This is the best option for people who can invest in the long term, especially for those who are starting to trade, because it is less expensive, diversified, and the risk is lower.
Perhaps you have a different idea, but it is not easy at all to beat the market (yes, you have surely heard of investors who achieve huge returns).
But putting aside some remarkable cases (like Warren Buffett's), not everything is as good as it sounds: when someone brags about having beaten the benchmark, it was probably for a limited time, or their fees are really high. Also, take into account that past performances do not ensure a future one.
The good thing about index funds is that they perfectly solve these two issues: their commissions are insignificant and they regularly beat active managers, but in the long term.
Forex or currency trading is the exchange between two currencies in order to gain money.
For example, in case you decide to trade the EUR/USD pair, you buy euros at their price in dollars, with the expectation that after obtaining the first currency (the euro) it will increase compared to the second (the dollar), to make a profit by selling it. Suppose you entered when a euro is worth 1.10 USD and you close when the price has gone up to 1.15: as a result, you will gain that margin.
You may be thinking that trading with currencies requires high investments, and you are not wrong, since fluctuation in prices is never that dramatic, and if you use a lot of leverage to counter that, you will take a considerable risk. In case you are new to the world of trading, it is not a good idea to begin with Forex, because it's not the safest alternative.
You can operate with almost every currency on eToro but keep in mind that in Forex sales are always made through contract for differences, so you will not own the real asset.
Have you heard about “social trading”?
The first platform that conceived trading as a social activity was eToro, and the idea became successful really quick. Other brokers have also taken this concept, but we have tried them all and eToro is still the leader.
But it wasn't just about creating yet another social network to talk about investment. The main achievement was in allowing users to copy the strategies of advanced investors, who were in turn paid for their ideas.
In the left menu of the site, you will see “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” are a kind of portfolio that bundles a number of assets in a certain sector. For instance, if you anticipate that a particular sector will succeed in the near future but you don't know which stocks to invest in, you just have to choose a portfolio that groups together a variety of related companies in that industry.
You should know that in the past year, CopyPortfolio has generated returns of 100%. And you can benefit from it just by choosing a portfolio, enter your chosen amount, place the stop-loss order and click on “Invest”.
But it is also possible to copy other users of the platform who are successful investors. With “Copy People” you can find them and replicate their strategies easily.
In each user profile, you will be able to see their risk profile (how much risk do they take when trading), their performance history, and the type of assets they operate: currencies, cryptocurrencies, raw materials, stocks….
And although duplicating other user's investments is very interesting, it is also a good idea to take advantage of the community to read other users and learn from their experience. If your goal is to end up living from investment, it is a great place to absorb a lot of knowledge.
There are lots of cryptotrading trategies: for instance, you can buy and hold, or you can day trade (and benefit from price fluctuations).
My suggestion for those who are beginning to trade is something in the middle: placing a dynamic stop-loss (15-20% under the highest price) and wait for it to work on its own.
This means that if, for instance, you acquire a cryptocurrency at $ 10, it goes up to $ 20, and after that it decreases to $ 12, your stop loss will take you out of the trade at $ 16-17 and you will have earned a decent profit.
Perhaps you are wondering: why not selling back when the cost is at its peak? But unless you are a psychic, that is just not possible. The mentioned strategy can work perfectly and is more realistic.
Sooner or later, you will be ready for applying advanced investment techniques, like short-selling or using leverage.
Virtual account: How does it work?
If you do not have much experience investing, you can start by practicing with a “demo” option. Setting a virtual account and operating with fictional funds is very simple.
This can be a great way of gaining experience and confidence before starting to trade with real money. The platform will give you an amount of $ 100.000 (“fake” or virtual, of course) to begin with, and you will be able to trade with all the different assets available on eToro, not only with Qualcomm.
The first attempt is not usually that good. But don't worry, because you can ask support to deposit back the virtual funds to your account, and the second try you should do better.
But remember that you need to be prudent for trading, and using a practice account can have the opposite effect. It is completely different to risk your own money than to trade with virtual funds that you don't mind losing.
Finally, if you are interested in trading in the long or medium-term, it makes no sense that you try the virtual mode and waste years waiting to see the results. On the other hand, it can be very useful if you want to practice short and medium-term trading.
* 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.