How to Use Invstr – A Beginners Guide
Welcome to Invstr!
Firstly we want to say thank you for downloading the Invstr app. Our mission is to make investing fun, fair and easy, and by registering you are getting started on a journey towards becoming a great investor!
Using Invstr is principally about 2 things: practicing and performing.
You practice by making investments in the investment game and by making predictions in the prediction game. Both of these games are designed to give you a market experience, but without taking any risks. No real money is being used – it’s all virtual capital instead, but you are still investing in real stocks using live market data, just like a real trader.
You perform by putting the skills you have gained from playing the games, reading the news and chatting to other Invstrs into use, and applying it in the real investing world through the Invstr portfolio.
Both of these steps are totally flexible however. Some Invstrs might feel confident enough to start investing with real money straight away, while others might prefer to stick to playing the investment and prediction games only, moving their way up the leaderboards and improving their skill level.
Invstr has so many features that it’s essentially up to you as the user to choose how to begin. For a more extensive list of Q&A’s which will teach you more about the Invstr app, read our FAQ’s here.
Also remember that Invstr contains a skill based levelling system, according to how much profit you make with your investments.
If you want to know how this works in more detail, read this short guide.
Where do I start?
We think the best way to start is to play some investment and prediction games, to get a feel for the Invstr app, the markets and how trading works.
In order to practice investing in an instrument (which is a stock / commodity / currency or other asset), you must make sure it is in your watchlist. (Tap on ‘Markets’ in the navigation bar to get started).
Your watchlist is very important. It is where you are able to see how your chosen instruments are performing across global markets.
A view of the Invstr watchlist containing a selection of stocks across American equity markets. The current value of the instrument is displayed on the right, with its recent change in value underneath it, expressed in % terms.
From the ‘Markets’ tab at the bottom of the display, simply tap the ‘+’ in the top right corner. Either search for an instrument (stock, bond, currency pair etc) by name, or search through the list of different sectors as seen in the gif below.
Once you have added some instruments to your watchlist, you are able to start trading at your leisure!
Please note that some instruments may not be available for trading, depending on the time of the day that you attempt to invest in them. For example, by the time UK markets open, many Asian markets are already closed, and thus you will be unable to properly trade Asian instruments during European trading hours. You are still able to open or close a position however, or buy or sell the instrument in advance of the market re-opening.
Now that you are ready to trade, either hit the ‘Games’ tab at the bottom of the display and pick which you’d like to engage in (either investment / prediction), or simply swipe left on the instrument with your finger and pick from there (as seen below).
This will take you to the investment or prediction game views. You can see this in the gif below (which also shows how you can pick how much capital you’d like to invest).
So now that you’ve placed a trade, you will want to periodically check in on your investment throughout the days ahead. Or, if you are more of a short-term trader, in the minutes or hours ahead!
You do this by heading back to the ‘Games’ tab, then hitting ‘Active Investments’.
Here you can see how you are faring in both of the games and the amount of profit or loss you can expect to see on your various investments.
The trick is to learn how best to maximise your efficiency at investing.
The objective of the games is to maximise your profits (and avoid losses). We would strongly recommend that you read related news about an instrument and stay in touch with the markets, so that you can make a better informed decision about when to invest and what to invest in.
The skill involved centres around correctly predicting when to open and close an investment and which way you open it, as well as knowing when to avoid investing entirely. Knowing when to place a trade, as well as knowing when best to close it, can take some practice! If you believe the price of an instrument will go up, then you buy. If you believe it is going down, you sell.
At first it can be tempting to close your investment if losses start piling on, but this is not always the right thing to do. Very often, prices will move down, but then back up in a short period of time. Be patient and smart with your investing!
There is so much more to explore on the app, but this is a good way to get started for first time Invstrs.
Good luck and happy trading.
The Invstr team.
Want to learn more about the markets and how to become a better investor?
Download the Invstr App now.
ALL RIGHTS RESERVED © INVSTR LTD. 2017
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order. Brokerage services, including fractional trading of US securities, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here. Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here
Cryptocurrency trading is provided by Coinbase. To be eligible to use the Coinbase Services you must be at least 18 years old. Your eligibility to access certain Coinbase Services also depends on the country in which you reside. For more information on eligibility of use and disclaimers go to Coinbase, or click here