Trading is hard work. From analysing the technicals to dealing with the market’s ups and downs, trading can take up your emotional and financial resources.
So when you’re looking to deposit or withdraw the money you’ve earned, you need it to be as stress-free as possible.
Here, Ken FX Freak looks at the ways traders move money, and how Skrill makes it easy.
Why traders need to move money quickly
You put a lot of energy into your trades. Every day you’re reading the charts and trading your own money based on your judgement of the market.
The time spent and the financial liability are emotionally exhausting, no matter if you’ve just started out or you’ve been doing it for ten years like I have.
To reward yourself for all this hard work (and to carry on living day-to-day) you’ll want to be paying yourself regularly. This means withdrawing your profits quickly and easily.
Three ways a Skrill account can help
The ability to move money quickly and securely is exactly what I love about Skrill. I personally use the app all the time.
1. Fast money transfers
With Skrill, you can deposit and withdraw from a range of brokers using only your email and password. If you need to transfer your money back to your bank account, you can do so in seconds.
2. Simple money management
Skrill puts me in control. As the money in my Skrill account is separate to my bank balance, I find it easier to track profits and losses.
Most of the major brokers accept Skrill, so I don’t need to keep changing payment method as I move between platforms.
At the end of the day, I don’t want to be worrying about waiting days or weeks to get access to my money, which is why I find the Skrill app really useful. I’d recommend it to anyone who’s looking to move their traded money between accounts, currencies or even to pay yourself.