Do you want to invest some of your money and multiply it? Do you want to build a future for yourself and your family but don’t know where to begin, then read this guide.
As we all know that there are many market opportunities in which we can invest such as shares (stocks), currencies (Forex) and commodities (gold, crude oil etc.) but the question is:
Which one is best asset class to invest my money?
Well when you start learning about the markets, the basics of investing and making smart decisions is by diversifying. Now I am going to tell you about three places where you can invest your money: Forex Trading , Gold , Shares (Stocks).
WHERE TO INVEST YOUR MONEY
Investing money in these 3 assets is like investing different pots of money for different purposes. You will never know when the market crashes, simple as that; you might end up losing your capital (money) if not managed well.
1-FOREX TRADING
The Forex market is short for foreign exchange market where currencies are traded. This is one of the largest financial markets with an estimated $5 trillion turnover daily with about 10 million traders worldwide investing their time and knowledge to earn their living through this market.
Everyone who wants to enter the forex trading world requires a Forex trading account . Since there are no central agencies or authorities regulating foreign Exchange trading , it’s very important that everyone who sees Forex trading as a source of income to be extremely careful.
2-Gold
The price of gold is now sky high, it’s now at an all time high making more people around the world join this bandwagon. Many people are buying gold from supermarkets to private stores and from Jewellery shops because they think that it is the best time to invest in Gold but let me tell you that it’s not always true.
Everyone should buy when there is a dip in prices and sell when the price goes higher than the current market price or else if he/she buys when prices go too high then they may end up losing money.
3-Shares (Stocks)
Shares also known as stocks are basically a percentage interest in a company held by shareholders. A shareholder is somebody who owns shares of a public limited company, the definition of which is referred to as a corporation in some jurisdictions.
When you want to invest your money in shares, always remember that it’s considered riskier than investing in gold or currencies because the market may crash anytime and you might lose all your invested capital (money).
So now decide where to invest your money for building a brighter future. However, if you are undoubtedly interested in making quick bucks then go for Forex trading but always manage your funds carefully otherwise there are high chances of losing money instead of multiplying it.
