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Limit orders allow you to buy shares at a predetermined price rather than at market price. This feature grants greater control over your investments and helps prevent overpayment during market fluctuations.
7. Beware of FX Fees
When investing in foreign stocks, be mindful of the foreign exchange (FX) fees that apply during currency conversion. Trading 2 on 2 charges a 0.15% fee for this conversion, an important factor to consider when investing in US companies or other currencies.
8. Understand FX Rates
Exchange rates significantly impact your investments. If the value of your domestic currency declines against a foreign currency, your investment may lose value, regardless of the stock's performance.