Buy Nvidia shares in Nigeria
The modern world gives you an excellent opportunity to invest online, which means that you do not need to visit banks, stock exchanges, or waste your precious time meeting with your broker to resolve business issues. All this you can easily do without leaving your home, at a time convenient for you and in a convenient place.
The modern investment option includes all operations in the stock market through an online investment platform.
Earlier investing was the prerogative of the wealthy investment class, but now it is not so. With the emergence of extremely easy-to-use online investment platforms, as well as their availability (the minimum deposit for a real account is a few dollars), online trading is becoming more and more accessible to the general population, including citizens of Nigeria.
Online trading popularized the stock market and made investing possible for the middle class. In addition, you can learn to trade online if you have worked in a different direction before. Even if you don't have the expertise, you can start gaining trading experience right now from the comfort of your own home.
When choosing an asset to invest, a smart investor will undoubtedly look towards profitable companies. NVIDIA Corporation is one such company with brilliant financial performance, a promising business line and a strong position among the leaders in the global technology market.
Let's take a look at how to invest in NVIDIA stocks in Nigeria.
NVIDIA Corporation. Company overview
NVIDIA is an American manufacturer of GPUs, chips for smartphones and computers. The developer is considered one of the largest in the world. In 2015, about 80% of all video cards purchased by manufacturers of equipment were from NVIDIA, and in 2016-2017. the company has shown a sharp increase in sales and revenue amid the growing popularity of cryptocurrency mining. In subsequent years, the developer only strengthened its position.
NVDA shares have shown steady growth - in the period from 2018 to 2020, they almost doubled in price. By mid-February 2021, the price reached $ 614, at the time of writing the review, their cost was already $ 802.01.
The history of NVIDIA began in 1993 in California, USA. The company has three founders - Jensen Huang, Chris Malachowsky and Curtis Priem. President and CEO - Jensen Huang. The headquarters is located in Santa Clara. Manufacturing facilities are located in Asia. In the second half of 2020, the number of employees of the company was more than 13 thousand employees, working in more than 50 offices around the world.
The main field of activity is the development of video chips, video cards, processors. The company's products are used in the field of video games, automotive (on-board computers), and computing. Also Nvidia is engaged in research in the field of AI (artificial intelligence). The company has released a modular supercomputer that provides opportunities for the development of drones, cameras, and robots. The main target market is the computer games industry.
What is the best way to invest in Nvidia shares in Nigeria? Choose your method
There are different ways to invest in stocks depending on your goals.
The classic investment method is dividend.
Dividends are part of the income from the activities of the enterprise. Accordingly, their value will fluctuate somewhat, since it is directly dependent on the dynamics of profit. What share of net profit the organization pays to shareholders and how often (annually, every six months or a quarter) is specified in the dividend policy. In some cases, the quantitative indicator of deductions is calculated based not on net profit, but on the basis of net cash flow. Sometimes companies can pay dividends from the retained earnings of previous years.
Companies publish news about dividends and financial results on their corporate websites in a special section for shareholders and investors. In it, you can find out how the dividend amount is calculated, the frequency of payments and the dividend history.
The amount of dividends and the closing date of the register are recommended by the board of directors of the company or the supervisory board, and the final decision on the payment of dividends is approved by the general meeting of shareholders. At this meeting, the shareholders cannot increase the amount of dividend payments, but they can support the recommendations of the board of directors or the supervisory board (this happens most often), reduce payments or refuse them altogether.
Nvidia Corporation pays dividends on a quarterly basis at 1.97% per annum.
But, if we are talking about investing in Nvidia shares, the most popular is the online trading option that allows you to trade CFDs for difference.
CFD, Contract For Difference is a kind of transaction between a buyer (usually a trader) and a seller (broker), which provides that one party will pay the other the difference between the current value of the asset and its value at the time of the transaction ... Who will pay is determined by comparing the direction of the actual price movement with that which was agreed in the contract.
That is, the main condition for making a profit using CFD trading is a correctly calculated forecast for an increase or decrease in the price of an asset. The main advantage of derivatives trading is the ability to use leverage. Thus, you can significantly increase the investment amount and, consequently, the profit. But, it is also worth remembering that when using leverage, the risk also increases. Therefore, before enabling the multiplier option, make sure you have a good understanding of how leverage works. This can be done using a demo account, which we will discuss below.
How to Invest in Nvidia Stocks in Nigeria?
Investing in Nvidia shares in Nigeria is only possible through a licensed broker.
In the understanding of online trading, the role of a broker is actually performed by an online trading platform - an innovative development of a brokerage company in the form of software, with which you will perform all operations in the stock market.
Online trading programs are often referred to as platforms because they have versions adapted for any type of device, be it a mobile phone, tablet or laptop. You can use multiple versions at the same time on different devices. All data is instantly synchronized, and you can view the data and work from the device from which it is convenient right now, in a given period of time. In the morning, at breakfast, you can apply for a promotion by opening your laptop and follow the progress of the operation during the day from your phone, which is convenient to take with you if you are traveling. Thus, all the functionality of the platform will be available 24 hours a day, 7 days a week, wherever you are, with only a mobile phone at hand.
The choice of a trading platform should be approached thoroughly by choosing a licensed brokerage company with a good business reputation and appropriate commissions for services. You should also check the trading platform for the assets and tools you need for analysis and trading.
If you have made your choice, you have to register, open an account and, in fact, trade. Let's see how it works.
Step one: registration
First, you must go through a simple registration process on the platform. Visit the website of the brokerage company, enter your details in the registration window and confirm the registration through the standard registration confirmation procedure using your email or mobile phone. These simple actions are enough at the beginning of trading to get access to the demo account and be able to buy assets. When it comes to withdrawals, the system will ask you to go through additional verification to confirm your identity and the safety of your funds. By following the platform's pop-up prompts, you can easily cope with this task.
Step two: exploring the platform with a demo account
After authorization on the platform, you will have access to a demo and a real account. Everything is simple here. A demo account is a training test account to which the system credits fictitious funds to enable training. This account is free. First, try using a demo account to see if you really understand well how the platform works. The demo account is an exact copy of the real (real) account, but using it, you do not risk your funds. This is a good opportunity to learn and should not be neglected.
Step three: activate a real account
When you feel ready to invest real funds in the company, you will need to fund your real account on the platform using any of the payment instruments available on the site. As a rule, the minimum starting amount for replenishment is a few dollars. Again, we strongly recommend that you be careful at the start of investing and do not risk your funds again, because investing is a risky thing and without sufficient experience it is very easy not to earn money, but, on the contrary, to lose it. You can replenish your account almost instantly using the payment systems specified in the "deposit replenishment" tab. Choose the one that is most convenient for you and make the top-up. Most users choose to top up with a payment debit or credit card. When using payment systems, the time for replenishment can sometimes take up to five business days.
You can withdraw funds from the account in the same way as the replenishment took place.
Let's briefly summarize how to invest in Nvidia shares in Nigeria.
First, research the market for brokerage services. Choose a broker by examining the availability of the necessary documents in the form of a license for brokerage activities and permissions provided for by Nigerian legislation, as well as learn about his professional reputation from the reviews of experienced traders and well-known investors. Check out the proposed online trading platform. Register on this platform. Explore the platform's features with a demo account. Top up your account in a way convenient for you. Think about which investment option suits you best. Explore the lessons provided on the platform in the "Training" section. Learn to use indicators for technical analysis - all possible types of indicators are available on the platform, which, if you know how to use them, helps a lot in analytics.
Follow the news - links to the latest relevant news are published on the platform in the "News" section.
Invest wisely. Do not risk large sums at the start of your business. Start small and hone your trading skills gradually. Use only trusted sources of information, keeping track of the news of the market and the company in which you are investing. Chat online with other bidders to share experiences and knowledge. By the way, if you do not want to advertise your personal data on the platform, most online platforms allow you to chat in an "incognito" mode. To do this, go to the platform settings and activate the "do not show personal data" option.
A smart approach to investing, self-education, market research and thorough analysis will help you achieve investment success. And the opportunity to open a free demo account for training allows you to start right now!