Starting your investment journey

So, you've heard about forex, the S&P 500, NASDAQ, Doge, etc. and you're thinking of having a go at it and making your own millions, but you don't know where to start...

We'll I'm here to help you along your journey, to share the good and the bad with you, what to look out for and what to stay away from. In this article I'll cover a few topics such as Crypto, Short-term investing, Long-term investing and What worked for me?

Crypto

By now you've most likely heard of crypto, but in short crypto is a digital currency that allows the owner to send and receive digital money, in a common "currency". Some cryptos have certain attributes that make them better than others, for instance Ethereum, which is based on a decentralised, open-source blockchain with smart contract functionality, basically allowing secure payments. Read more about crypto here.

Short-term investing.

Short selling, day-trading, options trading etc, are all forms of short term investing, investing that spands over a day to a week even a few months, but not much longer than a year. These types of trades are very risky, mainly because these types of trading require a lot more intense day to day assessments due to the time period of the trading, but allows you to increase your money(capital) a lot quicker.

Long-term investing.

Also called holding, is a type of investment in which the buying there of is acting as a storage of funds in a sense, increasing the value of your money without having the need to use it constantly. Buying stocks or funds and then holding onto those investments for years to come. Thus increasing the value of your money over a long period of time, which is safer but also slower.

What worked for me?

I've tried everything from waiting for a crypto coin to moon, to short-term day trading to long-term investing. All of which had their gains and losses, but personally I found that Long-term investing is the better bet. It allows you the safety that you won't loses half or even all of your money over night, and even if you lose money, it takes time and you can act/sell before it gets to bad.

Buying stocks you've done research one and holding them based on the value of the company is a lot easier than waiting for a stocks share price to jump 5-10% a day. Doing your research and seeing what makes a company tick is a lot easier than waiting for the Financials to be released or some news article to come out. The same goes for crypto, buy new meme coins hoping they'll explode is more of a gamble than buying a coin that is highly used and integrated such as Ethereum(Being one of my recommendation).

So to sum up, there are a few ways of investing, but at the end of the day, it's up to you on how you want to manage your risk and what you are comfortable with. Go and lose a few bucks trying all these methods and hopefully after a few losses and gains later you'll see what works for you.