If you’ve ever wanted to get involved in the stock market or investing in your future, you’ve likely given some thought to the various options out there. The most common method for investing is through the stock market, however, this is often a long term solution and not something active investors and younger investors are looking for. Once you’ve pushed that option to the side, then more enticing opportunities like day trading, forex trading and investing in precious metals or digital currencies might come into play.
To better explain each of these investing methods, and how they differ from typical stock market yields and investing, be sure to check out each of the summaries below.
There is nothing wrong with investing your money in the stock market, but it’s usually a long-term play — especially if you are referring to a 401k. However, if you have some money to play around with, day trading might be what you are looking for. With it now being easier than ever for someone to open a brokerage account with services like Etrade or Ameritrade, anyone can also start day trading from home. The concept of day trading is jumping in and out of stocks for quick gains. While this may seem easy enough, it’s just as easy to lose money as it is to gain. It’s also important to note that nearly all trading platforms also have mobile applications, which makes it easy to trade at any given point in time, and not needing to be on a laptop, computer or talk to a broker directly.
We first covered the basics of investing in individual companies through the stock market, then your options with world currencies. Now it’s time to also cover investing in precious metals — which is commonly focused on gold and silver. Just like you can buy and sell shares of a company, you can do the same with gold mining stocks or through gold mining indices (some offering up to 3X multiples). Another option is to simply invest in physical gold or a Gold IRA. However, if this is something you are going to do, it’s recommended that you make this investment for the long haul. A great site for purchasing physical gold and keeping an eye on precious metal prices is GSI Exchange. Just like the stock market opens and closes in the United States, then opens again in different countries around the world, the same holds true for precious metals.
The business and trading of world currencies is something that has been going on for generations. However, as mentioned in the previous point, it’s now easier than ever for someone to get involved in forex trading thanks to online investing and training tools. Just like there are self-serve platforms for trading stocks, there are custom built solutions for tracking, monitoring and trading world currencies as well. When it comes to Forex Trading, there are plenty of solutions and platforms on the market today that offer access to advanced charting and analysis for traders when looking at different forex, commodities, and indices across the world. With world markets and currencies changing at all times, it’s crucial to have a platform and trading system in place that is also working 24/7.
One of the most exciting and fast paced methods for investing and trading as of lately is through digital currencies. While this method is still somewhat new and unknown to many, cryptocurrencies like Bitcoin, Ethereum, and many others are not only gaining mass attention, some of them are seeing some massive movements in pricing as well. To keep an eye on such digital currencies, you can visit Coin Market Cap, which lists 100 different digital currencies and posting their latest or live movements. While it’s easy to trade stocks, forex, and world currencies through online trading platforms, it’s still a new world for digital currency trading. There are options and market places for digital currency trading, but regulation across such networks isn’t as mainstream as it’s all still fairly new.
When it comes to any type of investing, always be sure to put in the time and due diligence. While each of the investing and trading options above is unique in their own way, they also each come with their own risks and rewards.
My name is Zac Johnson and I have been an online entrepreneur for the past 18 years and blogger since 2007. This is my personal blog and I welcome you to the site. In full disclosure, it is safe to assume that I am benefiting financially or otherwise from everything you click on, read, or look at while on my website.
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