For beginners, taking the first step can make a massive difference in their financial lives for decades to come. The main problem for new investors is wondering how to start and where to invest. Luckily, it’s very easy to buy, sell, and hold investments without making it a full-time job.
How to Start
First, investors will want to open an account on either R StocksTrader, MetaTrader 4, or MetaTrader 5. Though, for beginners, R StocksTrader may be better. Then, investors can deposit a minimum of $100 USD into the account.
Once registration is complete, investors are now ready to begin investing. Finding something to invest in is also quite easy and doesn’t have to be overly complicated. Many investors will be surprised at how easy investing can be.
Where to Invest
There are many options for trading and investing. Stocks, indices, currencies, and cryptocurrencies are all available using the RoboMarkets platform. In each of these categories, there are various options.
For example, some investors may feel more comfortable investing in a broad index fund such as the S&P 500 that tracks the top 500 companies in the United States, or the NASDAQ 100 that tracks 100 non-financial companies listed on the exchange.
With either option, investors obtain a wide diversification which could limit the volatility while navigating the markets. This strategy is typically the most investor-friendly option that also seems to outperform a majority of investors over a multi-year period. It also requires far less research since investors won’t have to individually analyze a group of companies which could be a waste of time to some.
Investing doesn’t need to take up a lot of time and energy. The index fund strategy proves just that. Some investors may enjoy researching individual companies since it is possible to beat the market with enough conviction and confidence in your portfolio holdings.
There is no shortage of stocks and others assets that an individual can trade on the RoboMarkets platform.