The classic investment scheme, where a potential investor had to draw up a mountain of paperwork in order to start buying shares, and days and months spent searching for the right stockbroker, is long a thing of the past.

Modern online investing is an ultra-comfortable online investment platform, with a bunch of automated tools to be able to buy, sell shares, track the firm's performance in real time, access training materials, the ability to open demo accounts and the like. To register, you need to provide minimal data about yourself. By registering on such a platform, there is no need to start risky activities right away. You will have as much time to learn as you like until you feel ready to enter the big world of investing as an experienced investor.

So today, anyone who has basic access to the internet and a personal computer, and most importantly, the desire to learn such a difficult business as investing, has the opportunity to dive into the interesting world of online investing.

Modern digital technology makes it possible to invest in stocks from any, even the most remote corner of the world. Even if you don't live in cities recognised as the economic hubs of the world and don't own millions of dollars, you can still start investing, even in a company as powerful as Alcoa.

In this brief overview, we'll look at investing in Alcoa stock in the UAE.

Alcoa official website
Alcoa official website

Alcoa : what do they do and why are investors interested? 

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina and aluminium products in the US, Spain, Australia, Brazil, Canada and other countries. The company operates in three segments: bauxite, alumina and aluminium. The company is involved in the following three segments: bauxite, alumina and aluminium.

Bauxite mining; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemicals. The company is also involved in smelting, casting and rolling aluminium; and producing aluminium sheets, mainly sold directly to customers in the aluminium can packaging market. It also owns hydroelectric and coal-fired generation assets that generate and sell electricity in the wholesale market to traders, large industrial consumers, distribution companies and other generation companies. The company was previously known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. 

Today Alcoa has operations in 31 countries and employs nearly 14,000 people. 

The share price at the time of writing was $32.78.

Experts predict aluminum consumption to grow by an average of 7% in the next two years, and because Alcoa is one of the world's leading producers of the metal, the company is attracting investors.

Information on Alcoa's current share price
Information on Alcoa's current share price

How to invest in Alcoa shares in the UAE?

Alcoa shares are traded on the New York Stock Exchange under the ticker symbol AA.

In order to buy Alcoa shares online, you will have to find an intermediary - a brokerage firm that handles the company's shares and provides online services. Now, fortunately, there are quite a few of these firms and you'll be able to choose the one that's right for you. How do I choose a reliable broker? First, find a list of online brokers available in the UAE. Find out if you can buy Alcoa shares from them. Monitor user reviews of brokers, choose the best ones. Find out what experience these brokers have in the stock market, what their business reputation is. Be sure to check whether they have all the necessary documents to conduct this type of business. Examine the platform that this broker provides for making transactions - is it convenient for you to use, options for depositing and withdrawing funds, minimum amounts and limits on transactions, what commission will be charged from you for using and making transactions, and so on. All this information can be easily found on the Internet, without spending a lot of time and effort. However, this information is very important and even essential when you are starting out. 

Select
Select "AA" ticker to find Alcoa shares on the platform

Depending on the goals you have set for yourself, your investment methods can be different.

The classic long-term investment method involves buying shares in a company with the goal of making a profit in the future. This can be safely described as investing for passive income in the future.

In doing so, you must analyze whether the company will make a profit in the future, what the prospects for its development, because the long-term investment - it is an investment in the future earnings of the company. Therefore, think about how likely it is that the product or service provided by the company in which you are investing will be in demand in a few years' time, whether the company intends to expand further, what are the market trends in this area, and so on.

ALCOA CORP pays dividends 5 times a year. The payout has ranged from $0.03 to $0.09 per share in different periods, which is how much the company last paid to its shareholders, on 26 November 2016. 

Buying Alcoa shares
Buying Alcoa shares

Many people choose to trade derivatives, known as CFDs (Contracts for Difference). CFD (Contracts For Difference) is a way of trading price movements without directly buying or selling a financial instrument. The idea behind CFDs is that one party will pay to the other the difference between the current and future values of an asset. They allow an investor to buy or sell an instrument that may be worth as little as 10% of the underlying asset. A price contract offers great leverage options. The trading options depend only on the broker and his access to different instruments. The contract does not imply physical possession of the stock itself, which allows traders to avoid registering ownership of the asset and the associated costs. Since, in case of a CFD, an investor does not physically own a share, he does not receive the capital gain of the company, its dividends. He cannot take part in shareholders' meetings. On the other hand, working with this instrument offers a number of advantages. CFD contracts allow you to reduce the volume of your investments and give you the opportunity to earn on the sale of assets.

Information on the trading conditions for Alcoa shares
Information on the trading conditions for Alcoa shares

How to buy Alcoa stock?

After reviewing the list of available brokers that operate in the UAE through online platforms, choose one of them and register on their online investment platform. As we said above, registration is very simple and takes a few minutes. You just have to enter your first and last name and email address in the registration window. After confirming your email address, you will be able to log in and see clearly how online investing works.

Step one - registering on the platform
Step one - registering on the platform

You do not have to open a real account and deposit real money in it straight away. To get started we strongly recommend opening a free demo account. A demo account is a free practice account, which gives you the opportunity to try out how the investment market works, without risking your money. This type of account can be used for as long as you like, with no time or money limit. Normally, you will be given a dummy amount of $10,000 to try out trading, which you will also be able to recover upon request, even if it runs out as a result of unsuccessful transactions.

Obviously, you will not be able to withdraw cash from the trial demo account.

Step two - choosing the type of account
Step two - choosing the type of account

When you feel ready to invest real money in the company, you will need to fund your real account on the platform using any of the payment instruments available on the website. Typically, the minimum starting deposit amount is only $10. Again, we urge you to be careful at the start of investing and not to take unnecessary risks, because investing is a risky thing and without sufficient experience it is very easy not to earn money, and on the contrary, to lose them.

Choose a convenient top-up option
Choose a convenient top-up option

How to invest successfully?

Remember that despite all the convenience and seeming simplicity and accessibility, investing is a risky business and involves both the possibility of profits and, unfortunately, possible losses of funds. We strongly advise that you undertake education, which the platform offers in the form of lessons and video clips to ensure that your stock market operations do not result in a financial collapse. You can also use other specialised literature - a lot of information about investing is now freely available on the Internet.  

A potential investor should have a fundamental basic knowledge of how the stock market works. In addition to theoretical basic knowledge, you should understand that the value of stocks is influenced by many factors, such as political and economic processes at home and abroad, as well as force majeure situations, such as man-made or natural disasters and the like.

So stay up to date on all important news, study hard, gain experience and start trading successfully online!

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