If you feel like learning trading yourself, you can also think about trading currencies and start trading in foreign exchange market. However, there are two things to consider here. Firstly, the volatility can be sky high here, and if you don’t know what you are doing, it’s safer just to buy lottery tickets online instead as that might give you way better value for your investment.
And that’s the second thing, if you really want to trade currencies, you need to start by spending months, years, to learn everything you can about forex trading. As you really don’t want to lose all of your savings in half a day.
There’s not many people out there these days who hasn’t heard about cryptocurrencies. Let’s be honest, nobody (well, assuming you’re not extremely tech savvy) actually understand how they work exactly, but we all know by now that they do. While all started with Bitcoin, and those who bought Bitcoin in the very beginning, have increased they money 10 000 times and over, now there are hundreds of different coins to choose from. Trading these can be very lucrative.
But obviously there’s also the other side to the … coin. Cryptocurrencies are also extremely volatile, and often, compared to stocks and even forex trading, the change in prices can often come from nowhere. So there’s a lot of luck, or unluck, involved. As an example,
Bitcoin price went from $16k to $8k pretty much in a day. Another coin that I bought for $0.04 went up to $0.29 in two weeks. And now, a few weeks later, it’s back trading at $0.04. So when it comes to volatility, trading cryptos tops everything else.
Where should you invest? Nobody can answer that. However, a smart answer could be that invest in yourself, invest in your education. That could be the best answer. And by investing in your future you won’t lose.
The following article was republished with permission from The Invest Blog.