Getting into the investment game is something that many of us want to do but don’t know where to start. Many see investment as those famous Wall Street scenes with people pointing their pens and shouting numbers and buy, sell, and what have you.
But there are plenty of investment opportunities that can avoid you succumbing to Jordan Belfort syndrome, and strategies that can pay dividends if approached correctly. While it can be tempting to follow the crowd and invest in what everybody else is investing in, perhaps consider looking at alternative places to put your money where your mouth is, and see where these leaps of faith take you.
FOREX
Forex is the practice of betting one currency, such as the dollar, against another foreign currency, such as the Euro. As with any investment is it essential that you recognise the markets and follow accordingly, furthermore, emotional trading can only lead to heartbreak, so be rational when dealing with a risky strategy, and the rewards will come.
If you feel you need a bit of help when first starting out, consider looking into the AlgoTerminal algorithmic trading solution, which can help streamline the whole process and give you fewer headaches when it comes to deciding what to go into next. This will provide you with a little buffer regarding what to expect and make the transition more comfortable.
STARTUPS
Raise your hand if you look at the success of Uber, Facebook, Netflix and all the other companies who have hit big within the past decade or so and wished you’d invested when they were starting out but missed the opportunity due to ignorance or a belief it wouldn’t go anywhere.
But new startups are being formed every day, from the ingenious, to the practical to the weird and so there has never been a better time to invest in an up-and-coming business venture that has the potential to change the world.
However, potential investors are advised to do their research into market trends and ensure they fully understand what they are getting themselves into. Many startups founded today could quickly be gone just a year down the line.
CRYPTOCURRENCY
Sure, bitcoin is a volatile thing, but it isn’t the only option. In fact, there are a plethora of different cryptocurrencies to invest in that offer various opportunities. As with most investment opportunities, it pays to research and not put all your eggs in one basket as this can lead to losing it all in the blink of an eye.
Yes, there is risk associated with cryptocurrency, but as we move closer to a cashless society, a universal payment method doesn’t seem so alien after all. While you may be kicking yourself for not buying bitcoin at the start, recent times have brought about a renewed interest in the digital money and is being used in places such as Eastern Europe, Venezuela, and will even be accepted in some of the most unexpected places.
Undertaking any investment is a gamble, but that is the whole point. He (or she!) who dares wins, and so as long as you have done your research and are confident about what to expect and predict, you will reap the rewards of taking such risks and be laughing all the way to the bank.
