Union Trade Group Manager: Stock market trading is a key to financial freedom
ATY. August 10. KAZINFORM /Daniyar Sikhimbayev/ Addressing the nation with his message "New Kazakhstan in the New World" in 2007 Head of the State Nursultan Nazarbayev urged to form an effectively functioning stock market. "Development of the stock market is impossible without active investment of savings into securities by the individuals. It takes enormous work to teach the population the fundamentals of investing", the message reads. Union Trade Group company (DAYTRADERKZ trade mark) which has been recently opened in Kazakhstan provides access to such American stock exchange markets as NYSE, NASDAQ and AMEX. The company's Manager Daniyar Amenov tells about the development of new stock exchange markets in the country.
Sometimes people do not have clear knowledge of the meaning of such words as 'stock exchange', 'stock market', 'NYSE', 'NASDAQ' and 'AMEX'. Most of them believe it takes higher education and large sums in dollars to understand them. As the matter of fact, that is wrong. With the Internet developing fast, everything that has seemed so far and unattainable becomes approachable. Today we can observe trading sessions at the world's largest stock exchange markets as well as take an active part in them. All one needs is a computer, Internet and knowledge. And the more knowledge you have the bigger profit you will make. The great majority of Americans trade in stock markets. As for our country, the percentage of such people is too small. We should not be behind the civilized world, because the stock market is as infinite as an ocean.
Why did you choose American stock exchanges?
These are the world's largest stock exchanges. Comparing an American stock exchange to a Russian stock exchange, not mentioning Kazakhstan's would be the same as comparing a small food store near your house with a large supermarket in the city center. Another advantage of the American stock exchanges is the time of trading session. The exchange opens at 19.30 by our time in summer and at 20.30 - in winter and closes at 02.00 and 03.00 correspondingly. One does not need to spend whole days at the computer, but can choose convenient time for work. It is possible to have it as a source of extra income until one decides to devote oneself to stock exchange and make it their primary job.
How difficult is it to work at such stock exchange?
In fact everyone wishes to have such a job as it allows managing your time the way you want. This kind of work gives us financial freedom which we cannot see in the crisis period.
How does your company's platform work?
Union Trade Group works directly with one of the largest trading companies of America - Hold Brothers, using the GrayBox system. We offer the best terms to approach the American stock exchanges - commission fee is 1 cent per share; rental fee is 90 dollars a month, including eSignal schedules. Besides, it is levied from a minimum $1000 deposit amount. Our company also holds trainings, consultations and technical support of traders. We work with one of the best Wall Street traders Alex Gerchik, who has great experience in trading.
The specifics of our work is intra-day trading, which is one of the most tense, but all the same a very profitable trading type. Indeed we constantly control over our account money and do not hold it in shares for long. We do not limit choice of strategies among our traders. You can trade shares for a whole day or make long-term investments.
What should be done to improve financial literacy of the population?
Kazakhstan's investment market is at the stage of development and investment literacy is at a low level. Our Government conducts work in this direction, but it is not enough. It is necessary to elaborate a complex approach and provide trainings on continuing basis. Financial literacy is one the most important elements of sustainable development of Kazakhstan's industrial-innovative strategy. Our center holds trainings for all comers.
DAYTRADERKZ is one of the leading day-trading companies in Kazakhstan. It provides a full range of services for traders - training, opening of accounts on GrayBox trading platform, technical support, analytical information and etc.