Buy General Motors shares - how to invest in General Motors shares in Hong Kong

Not so long ago, there was a perception that stock trading and investment was reserved for the elite, particularly high net worth investors. It was believed that a great deal of experience and knowledge, as well as special education, was required to penetrate an investment sphere governed by financial rules and instruments that were difficult for the average citizen to understand.

However, with the advent of the internet, online trading has changed everything. It has popularised this financial market and made its practice accessible to the general public. Even without special knowledge, trading is now available to everyone! Now you can start investing even with an initial capital of a few dollars. Moreover, you can invest it in fairly large companies, and even giants of the international market. And best of all, you can make all your transactions without even leaving home. Internet trading has removed the boundaries and now it makes no difference whether you're in the office of a major firm in New York or in your own house on the outskirts of Hong Kong. You have the same chance of being a successful trader.

Of course, we're not saying you don't need to know how the stock market works. For your trades to be successful, you'll have to study the basics of the investment business diligently. But the innovative trading platforms, which come with practice accounts to help you learn, and the extensive information on all aspects of online trading, which is available to you as video tutorials, are great for getting you off to a fast and successful trading start.

In this overview, we will take a brief look at how you can invest in shares of the automotive giant General Motors in Hong Kong.

General Motors official website
General Motors official website

General Motors Company is an automobile manufacturer in the United States. It is headquartered in Detroit, Michigan.It was founded in Michigan in the early 20th century. It had the largest market share in the United States from the 1930s until the post-war period and flourished as the world's largest car manufacturer, especially in the 1950s and 1960s. Since the 1970s, it has suffered from competition from imported cars and has operated sluggishly. On 1 June 2009, General Motors filed for Chapter 11 of the Federal Bankruptcy Code, went bankrupt and was nationalised. On 9 December 2013, the sale of all GM shares held by the US Treasury was completed and the nationalisation was terminated.

Today, the US carmaker, manufactures trucks and passenger cars in 37 countries and sells them in 192 countries. The company sells cars under the brand names Buick, Cadillac, Chevrolet, GMC, Holden and Wuling.

Shareholders of US automobile giant General Motors raised $23.1 billion in an initial public offering (IPO) on stock exchanges in the United States and Canada in 2010. GM's IPO was the largest in the history of trading on stock exchanges. The value of the securities started at $33 each.

Today, GM stock stands at $57.53 (+161.84% year-to-date).

Up-to-date information on General Motors shares
Up-to-date information on General Motors shares

How to invest in General Motors shares in Hong Kong?

GM shares are actively traded on the New York Stock Exchange as well as the Hamburg, Frankfurt, Berlin, Munich, Hanover, London and other European stock exchanges.

To invest in GM shares in Hong Kong, you will need the intermediation of a brokerage company. Choose a licensed broker who has good references from experienced traders and market experts as well as a good track record in the stock market.

Online equity investments are the most popular option. This investment method is probably the most lucrative but also the riskiest. The bottom line is simple: buy low, sell high. Since the stock market is quite dynamic, the price of a stock can increase several times in just a few minutes which gives an investor a chance to make a significant profit in a short period of time. However, one should not forget that there is a downside to stock prices, which can also lead to a loss of money.

Enter the GM ticker to find the company profile on the platform
Enter the GM ticker to find the company profile on the platform

Traders often turn to CFDs (Contracts for Difference).

CFDs are a form of derivatives trading which allows you to make a potential profit by speculating on rising or falling prices in world financial markets (or products) such as shares, indices, commodities, currencies and fixed income securities.

You can profit when securities rise or fall in value. CFD trading is convenient because of the leverage and wide range of trading strategies. You can open orders with any expiry time - from a few minutes to several months - to make a profit.

CFDs are complex financial instruments and investing in them carries a high risk of rapidly losing money because of the leverage. 78% of non-professional clients lose money buying in these commodities. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.

Buying GM shares online
Buying GM shares online

How to buy General Motors shares in Hong Kong?

You can buy shares in Hong Kong through an online trading platform provided for operation by your chosen brokerage company.

The online platform replaces the physical stock exchange. Thus, it is an important tool for trading financial assets online.

This is why it is so important to take the time to choose it well. Because investments can be made on a virtual level, but they are very real. And the risks, especially if you don't have much experience, can be high.

To minimise the risk of losses as a result, focus first on trading platforms that are known for their reliability and functionality. Also give preference to those that have a policy of transparency and offer newcomers the opportunity to test, discover and learn before you really get started.

The online platform replaces the physical stock exchange
The online platform replaces the physical stock exchange

So, having chosen a broker, register on the platform.

Signing up for an online trading platform is pretty straightforward. You don't have to spend hours together to open an account for yourself. Also, you usually don't need to spend any money here. To register, simply visit your broker's website, click on the registration request and enter the required details.Filling in the details on the registration form will hardly take a minute or two. The main fields you need to fill in are your name, email address and password. Remember to accept the terms and conditions of the platform if you want to use it. To activate your account, follow the activation link which will be sent to your registered email address.

Registration page
Registration page

After activation you will need to log in to your account. Once your account is activated, you will have two accounts available, a demo account and a live account.

On our platform, the demo account is accompanied by a virtual deposit of $10,000. Once you have appropriately completed your registration, this amount offered by the platform will be available in your wallet. You can use the demo account to learn how to use the platform: invest, buy shares, try out different transactions and so on.

Please note that the quotes you will be using in your demo account are real. And that, as well as all the transactions you are about to perform. The only difference with a real account is that you will not pay anything out of your pocket, and therefore you will not risk your money. You will also not be able to withdraw money from your demo account, as it is fictitious and is only intended for training purposes.

Select an account to work with
Select an account to work with

To start real trading, you must fund your real account. There are several ways to fund your real account on Platforum. You can fund your account with a credit card. The platform can accept any Visa or MasterCard payments.

You can also fund your account through online accounts, if you have them. The trading platform accepts funding through Skrill, Neteller, AdvCash, Perfect money and WebMoney, among others.

Top up your account online
Top up your account online

How to become a successful trader?

To be a successful online stock trader, you must have a fundamental knowledge of the stock market. You must also be able to analyse certain factors which influence the price fluctuations of a particular company's shares. Such factors include political and economic processes in the country and at the interstate level, as well as force majeure situations, such as man-made disasters or natural calamities. Knowledge of the market and the ability to analyse it, unfortunately, is not a hundred percent guarantee of your success, but it is the key to minimising your risks.

When dealing in stocks for short periods of time, it is advisable for traders to pay attention to technical factors, which include indicators and oscillators, and to constantly analyze incoming information concerning both the issuer and the entire high-tech sector of the world economy. This will allow you to make accurate predictions about share price movements. Generally conducted using technical tools, analytics allows you to make profits in short-term trading.

Please note that the platform has whole sections for your convenience, for both trading fundamentals and the use of complex indicators for technical analysis.

Current news on the platform
Current news on the platform

The platform also updates the "news" section in real time, with links to the most important recent news in the world of economics and politics. You can set up a ticker directly in the dashboard interface of the platform. This keeps you up-to-date and allows you to react instantly to the slightest changes in the market.

Clearly defined goals, education and the use of a demo account for training purposes help you to develop your own trading strategy and achieve success on the stock market.

You can try it out today - it's fun and completely free.

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