Is it wise to buy Prysmian shares today? But above all, should you buy them on the stock exchange or investing in CFDs? Those interested in doing so need precise answers to these two questions. Although Prysmian is one of the main companies on the Italian stock exchange, it does not mean that it is a safe investment.
Other than that, the most important thing is to understand how and where Prysmian shares to buy. For example, not all novice investors know that it is possible to invest in Prysmian shares right away, through a regulated and secure broker like eToro. We will also explore this possibility further on.
But before starting to buy shares of any company, it is necessary to inquire about the company itself, in order to understand how its title could move in the future. It is one of the oldest companies in Italy and its actions attract the interest of many investors.
Prysmian Italian stock exchange shares: focus on the company
This Italian company deals with cabling and cables. In practice it deals with the production, sale and installation of cables. This is the main branch of the company, but an equally important secondary one is the one relating to telecommunications.
Prysmian owns 90 production sites all over the world and obviously the main ones are located in Italy. The market shares in Italy and Europe are the most important, but it also enjoys an excellent position in Asia and America, both in the north and in the south.
The company stands out above all for the excellent relationship it holds with its shareholders. Shareholders organize hundreds of meetings each year to disclose the company's quarterly and financial results, as well as show the Prysmian stock quote. This is done to keep shareholders informed of Prysmian stock performance.
Should I buy Prysmian shares in the bank?
There are still many investors who use banks today to buy shares. This is because it is thought to be the safest way to do it, but is this really the case today? In fact, many investors say that investing in the bank can also be reliable, but surely with the commissions that have to be paid, making money is very difficult.
Furthermore, the investor does not have the possibility to control his investment in any way, because his money is managed by third parties. The only advice we can give you in this sense is to rely on the best banking institutions and hope that everything goes well.
Here is a short list of all the disadvantages offered by banking trading:
- No possibility to choose - It is a bank consultant who manages your money and you cannot make any movement, except to sign the contract.
- Transparency not at the top - Banks should make the Terms and Conditions offered to their customers clearer and more transparent and several institutional bodies are working with them to ensure that this happens in the shortest possible time.
- Uncertainty of results - Relying on a bank is safe, but it is by no means an indication of success. Bank interest is very low and often to be collected, you have to wait years.
Buy Prysmian shares in real time
Fortunately, there is no shortage of alternatives for bank trading for investors. These are especially CFDs or Contracts for Difference. It is especially a financial instrument, completely legal, accessible and easy to use, with which it is also possible to buy Prysmian shares. But how does it work?
Just follow a very simple procedure to buy Prysmian shares. CFDs are contracts that are entered into between a broker and an investor. Each company enters into different contracts according to its trading conditions. One of the most recommended by the Prysmian forum actions is eToro.
Here are the advantages offered by CFDs:
- Possibility of intervention - Investors operating through CFDs to buy Prysmian shares can intervene at any time. So if things don't go as expected, it is also possible to exit the trade.
- Low commissions - Unlike banks, brokers charge their operators lower commissions, just to encourage them to use their services.
- Greater Earnings - As a result, by paying fewer commissions, your earnings also improve.
All this makes the Prysmian share value even greater, making CFDs the ideal tool to exchange them profitably. If you want to start investing in CFDs, read on and find out how to do it with eToro.
How to buy Prysmian shares with eToro
With eToro you can follow the Prysmian share price in real time and decide when to enter and exit a trade, without paying commissions. It is a completely free and known worldwide platform. More than 10 million users use it, making it the most important in the sector.
Trading with this platform is very simple, in addition, you can use leverage to increase your earnings. Another highly appreciated feature is copytrading, with which beginner traders can follow professional traders, copying their actions and therefore also their results. Here's how to get started.
Step 1: registration
First, you need to log in to the eToro website to register. To do it is very simple. After filling in the registration form, you will also be asked to answer some questions, to know your profile. At the end of the procedure, within 30 days, you must also confirm your identity as required by law.
Step 2: account financing
eToro is a platform that you can use for free to follow the Prysmian chart stock, however in order to trade real, you will have to make a deposit. 200 euros is the minimum allowed, which also allows small investors to start with a rather small outlay. The accepted payment methods are many and therefore you shouldn't have any difficulty finding your favorite.
Step 3: demo mode
Before you start trading live with eToro, you can start with the demo account, which offers you the possibility to follow the Prysmian shares listing in real time and decide when to enter or exit a trade, without spending a single penny of your money. . In this way, you can practice at no cost.
Step 4: live trading
After you become familiar with the platform, you can trade live using the money you have deposited into the account. This is where the real action begins. Remember that the lever can be a double edged sword. You can increase your earnings, but you can also increase your losses.
How to create an account with Libertex
Another platform that you can use for stock trading is Libertex. This regulated broker is used by many novice traders, because it offers an easy to use, but at the same time powerful platform thanks to the possibility of using numerous functions.
If you want to take a closer look at this platform, you can do it by following the steps below:
- Register on the Libertex website and verify your identity within 30 days in order not to lose access to the platform.
- Finance your account by making a deposit of your trading capital, using one of several accepted payment methods.
- Now you just have to use the platform to trade live and buy or sell shares like a real expert.
If you use a mobile device, iOS or Android, you can also access Libertex while on the move. Simply log into the mobile browser website to track your operations, so you never have to worry about downloading or updating the application.
Prysmian dividend shares
The dividend shares of this company are very attractive. Usually the shares were traded above 40 cents, only in 2011 and 2012 they passed to around 20 cents. With a dividend like this, there may be interesting added values at the time of detachment.
Although owning a CFD does not mean actually holding a share, it must be said that Prysmian shares make it possible to obtain a very attractive premium, if an open position is held on detachment of the dividend. One of the advantages offered by CFDs, however, is that it is possible to earn with both rising and falling stocks.
What influences the performance of Prysmian shares
Now that we have understood what is the cheapest, safest and most reliable way to buy Prysmian shares, the time has come to understand what are the aspects that can influence the performance of the company's shares.
As mentioned above, this Italian company deals with the production of cables, so the first factor to influence the performance of its actions is the price of the raw materials used for production. Copper is therefore the raw material in question to keep an eye on.
Since Prysmian also deals with telecommunications, keeping an eye on the costs of communications and energy is also very useful to analyze the progress of its actions. From this point of view, any price hikes could lead to a fall in the price of Prysmian shares.
From what has been read in this article, it is clear that buying Prysmian shares is no longer within the reach of large investors only. Nowadays, it is also possible to do it with regulated and secure platforms such as eToro and financial instruments within the reach of everyone such as CFDs.
When trading in this way, it is important to mention the possibilities, but also the risks, offered by leverage. To control risk, you can use proven risk management strategies, or find the right balance between exposure and desire to take risks.
The cornerstone of everything, however, remains the broker mentioned on this page, which immediately makes it clear to all investors the risks associated with the use of CFDs to buy Prysmian. Of course, someone might say that being regulated brokers it is mandatory for them to do it, but we can assure you that this is not always the case.
eToro offers its customers numerous tools that allow them to buy not only Prysmian shares, but also from many other companies around the world, and also to exchange cryptocurrencies, currency pairs, commodities and more.
If you found our advice useful, why not put it into practice right away? Simply log into the eToro website to get started. Using the demo mode you will have the opportunity to trade Prysmian shares without spending a single penny and so you will be able to realize if it is something for you or not, at no cost.