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Can trading be LGBTQ+ friendly?

June is Pride Month, a month dedicated to further awareness, understanding and cultural acceptance of lesbian, gay, bisexual, transgender, and queer (LGBTQ+)* people.

 

As well as acknowledging the ongoing struggle for civil rights experienced by the LGBTQ+ community, Pride Month also commemorates the Stonewall riots, which took place in 1969 New York. The protests resulted from a police raid of a gay bar during a time when even dressing up as a member of the opposite sex was illegal. 

 

The Stonewall riots catalysed LGBTQ+ activism both in the States and the rest of the world. Fifty-two years later, and much hard work has gone into the civil rights of the community. However, there is still more work to be done.

 

More than ever, businesses are under pressure to improve their internal LGBTQ+ practices. However, this has led to ‘rainbow-washing’, a distasteful practice in which companies only show support in marketing terms – typically by using a rainbow-coloured version of their logo during Pride Month – and doing nothing else to support the community for the remainder of the year.

 

Of course, working towards LGBTQ+ equality and diversity in the workplace is a key endeavour for the LGBTQ+ movement. As such, companies should ensure they have policies in place to defend LGBTQ+ rights and support the cause. While these policies should be implemented for the right reasons and not just credit, companies who ‘get it right’ are recognised and appreciated by the community.

 

At Eurotrader, we are very clear on what we consider to be LGBTQ+ friendly companies and, consequently, what we class as LGBTQ+ friendly trading. Our criteria stem beyond just businesses that happen to have, say, LGBTQ+ members of their senior management; rather, we acknowledge the businesses that follow inclusive policies and practices.

Identifying LGBTQ+ friendly companies for your portfolio

The Human Rights Campaign’s annual Corporate Equality Index (CEI), which tracks company LGBTQ+ policies, is an excellent starting point.

 

According to the Corporate Equality index, 767 places were designated as the “Best Places To Work for LGBTQ Equality” in 2021. The figure may not be that impressive, but it had come a long way from the 13 first companies constituting the index when it was first launched in 2002. 

Can trading be LGBTQ+ friendly?

For example, Google [Alphabet Inc. (GOOG)] has long been a strong supporter of the LGBTQ+ community. In fact, the company has a specific support group for the LGBTQ+ community, known as “Gayglers”. What’s more, Google provides a clear statement about inclusivity, diversity, and welcoming underrepresented communities in the workplace. 

 

Then, we have IBM. IBM was among the first companies to include a nondiscrimination policy in 1984, and it has continued to support diversity and equality through various campaigns. For example, IBM’s “Be Equal” initiative pursues an open and welcoming environment regardless of sexual orientation, gender expression, or gender identity. Further, IBM does reverse mentoring, where LGBTQ+ employees mentor up the business to someone very senior. The purpose is to allow them to work with people and units to exchange information on challenges LGBTQ+ workers may face.

 

Finally, the Coca-Cola Company (KO) has scored 100% on the Corporate Equality Index every year since 2006. In addition, the multinational giant formed a Business Resource Group specifically to address LGBTQ+ issues. The company also supports various actions, projects, and initiatives towards LGBTQ+ rights, such as the Gay & Lesbian Victory Fund and The Trevor Project.

 

Do you want to build an LGBTQ+ friendly portfolio? Then, find your perfect match by choosing stocks offered by the companies included in the CEI 2021 and find them in Eurotrader’s stocks list.

 

*This article follows GLAAD’s guidelines (Media Reference Guide – 10th edt) in using the respective terminology.

 

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Tips for young traders: Start to ask questions

Meme-stock mania this year affirmed what fintech analysts had already observed before. Gen Zs have turned to trading, and a new generation is taking over the financial markets.

 

While some of these newbies consider themselves investors and trade small, they often don’t mind taking on more risk whenever they see an opportunity.

 

Considering the exposure of the markets’ novices to social media and their digital skills, they are keener on engaging with trading apps than their parents.

 

One central question is how Gen Zs educate themselves about the risks involved in trading complex instruments, such as CFDs, and how they make informed decisions.

 

When it comes to learning how the markets work, young traders aged 18-24 turn to social media. Surveys have shown that TikTok, YouTube and Instagram make up the lion’s share of the platforms that younger traders visit to seek advice.

 

Although many of the Gen Z traders find trading cool and their attitude is more towards the YOLO mentality, many take trading seriously.

 

When dealing with money, any slips may result in a significant lifestyle impact. That is why trading responsibly is so crucial to prevent any trading harm.

"Magic mirror in my hand, who is the safest in the land?"

When you live on the Internet of Things, there is no excuse for having your digital eyes and ears off. Traders need to be mindful and ask themselves questions before starting to trade.

Tips for young traders: Start to ask questions

How much risk can I handle?

 

Risk management is a fundamental skill that any trader must acquire and improve. Do you remember when you were young and sneaky, and you were taking cookies from the jar? You were smart enough to get some of them unnoticed. You had to be; otherwise, it would have been too easy for your mum to find out. The lesson is: don’t take on more risk than you can handle.

 

Do I fully understand what I am trading?

 

Before starting your trading journey, ask experienced travellers and don’t just base your knowledge on random TikTok influencers. Some of them are serious and want to ensure that the new generation of traders take themselves seriously too, but you must still exercise caution. Read, search, watch, and fake till you make it with a demo account. Dip your toe in each market before diving in headfirst.

 

Is my broker regulated?

 

Trading with regulated brokers means more safety and reliability. Your broker facilitates your order execution and holds your money in your online trading account. So, choosing a broker of trust is a must. Apart from the safety of funds and transparency, a regulated broker abstains from any financial malpractices. 

 

Apart from the above questions, you should never forget that lifelong learning is essential for trading. So whether you are a Gen Z trader or one of those who witnessed the launch of the Facebook newsfeed (yes, young ones, there was a time when Facebook did not have one), do not stop learning if you want to keep earning.

 

In case you haven’t spotted it yet, Eurotrader has a trading academy where you can train up and trade up right here, right now. How about starting from the fundamentals by diving into our digital ebook library?

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Top 5G stocks to watch now

The other day while I was in the middle of a Zoom call, my 5-year-old son stormed into my remote office to let me know that his “nanny” was out of order. The download of his favourite Netflix show, which would offer me some peace of mind to join my virtual meeting, stopped. 

 

The funny incident made me reflect on how much we are now – more than ever – in need of higher internet speeds and glitch-free mobile videos. Apart from supporting my bad parenting practices – working from home in the company of a toddler in the middle of a pandemic drives you to find otherwise unacceptable solutions – wireless communication is a must. WiFi networks are just not enough.   

 

As the world goes increasingly mobile, the existing spectrum bands cannot handle the thousands of devices trying to gain mobile access simultaneously. 5G, the next generation of mobile internet connection, promises new services and much faster speeds than we have been treated to so far.   

What are 5G stocks? Why should you watch them?

Although 5G has certainly made some enemies, the next-gen technology also has many fans. As wireless 5G companies expand their networks, some of the 5G-related stocks are gaining ground.

 

The reopenings following last year’s worldwide lockdowns are pushing the demand for faster cellular broadband coverage and capacity. 

 

5G stocks have fluctuated over the last 12 months. However, tons of dollars have been spent on upgrading technology and marketing 5G services. Wireless firms, mobile services providers, tech companies building 5G ecosystems, chipmakers win big from the 5G market.

 

With a lot more growth around the corner, 5G stocks are here to stay and boost the stock market. 

Which 5G stocks shall I watch right now?

Let’s get straight to the point (we know why you’re really here): which 5G stocks should you be keeping a beady eye on? Whether you’re trading physical stocks or speculating with CFDs, the following stocks are worth watching: 

Top 5G stocks to watch now.

  • T-Mobile US (NASDAQ: TMUS). T-Mobile is one of the largest US wireless network operators along with AT&T and Verizon Communications. Controlled by Deutsche Telekom (DTEGY), its stock leads the industry to be ahead of its competitors. 2021 will probably be a peak investment year as T-Mobile is investing in a 5G network, among others. 
  • American Tower Corporation (NYSE: AMT). American Tower Corporation is based in the US and is a tower leasing company. Along with Qualcomm (QCOM), the stock was one of the first stocks that gained momentum when the 5G technology boomed. Tower companies stand to gain from 5G as more towers will be required to place the 5G antennas and infrastructure. 
  • Qualcomm (NASDAQ: QCOM). Qualcomm is one of the largest modem and mobile processor vendors that benefited from the 5G upgrade cycle. The US company is regarded as a 5G wireless technology leader and has already taken place in the 5G market with proven performance.
  • Ericsson (NASDAQ: ERIC). Ericsson is one of the most renowned telecommunications and networking companies worldwide. Wireless telecommunication providers such as Ericsson are making strategic investments in 5G. As the 5G networks expand, Ericsson will likely witness robust demand. The company announced an increase of 13% in year-on-year adjusted sales for the last financial year, driven mainly by 5G.
  • Apple (NASDAQ: AAPL) – The smartphone giant has entered the 5G smartphone era on the right foot. Apple isn’t always the first to bring new tech into smartphones. However, the iPhone 12 granted Apple users access to the latest wireless technology and ranked its stock among the top 5G stocks. 

Keep in mind that while companies building and supplying 5G networks right now are hot, in the future, a vast number of industries will benefit from 5G. From internet and cloud-computing firms to carmakers and smart device makers, they will all enter the race and capture long-term value. So, keep your eyes open to find the right trading opportunity for you. 

 

It appears that the 5G market’s momentum is expected to last for a long time to come.

 

Want to freshen up your stock trading ABCs? Beginner’s Guide to Stocks is the right place to visit.       

 

Despoina Fouska is a content writer in the FinTech industry, a coffee addict and enjoys outdoor movie nights. Despoina holds a Bachelor’s in Political Science and a Master’s degree in Journalism.