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Investing money in a profitable way is challenging work. There is no shortage of information on investing in this digital age. However, more often they are overwhelming and hardly make sense in practical life. To make this easier for even a beginner to understand, I’ve structured the ways and processes as simple as possible.

invest money

Investing Money for Beginners

 

If you want to invest money to earn a profit, you first have to ask yourself 3 important questions:

  • How much money should you invest?
  • What is the amount of money you need as help for investing?
  • What is your risk profile? How much risk can you take?

 

Figure Out How Much You Need to Invest

 

You must decide how much you intend to invest. It depends mainly on your investing age. If you are in your 20s, you can invest around a few thousand dollars per year.

Start keeping a certain percentage of your paycheck for trading or investing. This will help you to create an investment plan and consequently gauge an expected return. Therefore, you can have better visibility of your investment potential and prospects in the future.

 

Determine How Much Help You Want 

 

Once you have chalked out the amount of money you want to invest, you have to check how much money you can invest yourself. If there is any shortfall, you have to ask for it help from others. You can get the help of a Robo advisor at a lower price to guide you on the same. It uses an algorithm and on basis of the information given, it’ll provide you with an estimate of how much money you’ll need as help for investing.

 

Know your Risk Profile

 

Understanding one’s risk profile is very important because that will decide your investment decisions, the extent of your speculativeness/hedging capabilities. It depends upon various factors including your yearly income, family dependents, goals (short, medium, and long), understanding of the financial market (stocks, forex, and cryptocurrencies), and family wealth.

 

There are mainly 3 kinds of investors:

  1. Risk Lovers
  2. Risk Neutral
  3. Risk Averse
  • Risk lovers love to speculate and therefore their potential of earning profit or making a loss is higher.
  • Risk-neutral and risk-averse investors want a decent return and don’t want a depletion of their investment. That’s why most of them resort to Dollar Cost Averaging investment strategy, which smoothes out the risk factor and also earns a decent profit (no matter whether the market is rising or falling).

 

Where to Invest your Money?

 

Always try to invest money for the long term. You can also keep a certain amount of your money for short-to-medium term trading so that you can skim profits with every small price fluctuation. Day trading can earn traders decent profit on a daily basis.

You can invest money in various markets such as:

 

  • Stock Market Investment and ROI

 

Investment in company shares is a very good way of earning handsomely. If you look at the average annual return of the S&P 500 in the last 90 years, the average yearly ROI is around 9.8%. This return is 3-to-4-times more than the ROI from bonds and 10-time more than that of a savings account.

 

  • Cryptocurrency Market Investment and ROI

 

The cryptocurrency market is the new fad because since 2020 the institutional investors have started investing aggressively, especially in Bitcoin (BTC) and Ethereum (ETH). Crypto price remains highly volatile and a 10% fluctuation on a 24-hour horizon is considered normal. That’s why it is considered one of the riskiest assets available for investment. With high risk comes the potential of high earning/profit.

 

If we look at the price rise of Bitcoin in the last 5-years, we’ll see that the ROI is around 10,813%. The BTC price against US Dollar increased from around US$528.9 (in May 2016) to around US$57,720 (in April 2021) in just 5-years.

 

Crypto trading can be a viable source of income, especially if you are a pro cryptocurrency trader. You must know the fundamental strengths of the crypto you are trading or investing in.

 

The ability to read the technical charts and patterns is very important in such type of trading. Cryptos including Bitcoin (BTC) has provided its customers with an amazing return on investments (ROIs), much more than any other asset including gold.

 

How to Invest Money?

 

  • Trade through Exchange

The steps involved in starting your financial trade through an exchange are given below:

 

Step #1: Choose an instrument to trade, say stocks, forex, or cryptos.

Step #2: Open an account in a reliable exchange. You can also open a CFD account too.

Step #3: Verify account or identity details.

Step #4: Monitor a chosen stock or fiat currency or cryptocurrency through a trading terminal.

Step #5: Add funds to your account through bank transfer or PayPal, or debit/credit card.

Step #6: Practice financial trading with the help of a demo account. 

 

  • Trade through IG

The steps involved in starting your financial trade through IG are given below:

 

Step #1: Open a live account with IG.

Step #2: Browse more than 16,000 markets and select the ones you are willing to make trades with.

Step #3: Use a wide array of tools and resources for finding the first trading opportunity. You should choose a financial trading strategy on the basis of your appetite for risks. Risk management strategy must be employed correctly.

Step #4: You should monitor your first trade/investment through the platform by accessing it via mobile, computer, app, and other devices (PC, Android, Apple iPad, and more).

 

Choose Cryptocurrency Copy-Trading Bots to Increase Crypto ROI

 

Cryptocurrency Trading Robots (such as NapBots.com) automatically scan the market in real-time and trades for you. They run 24×7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.

 

Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.

 

NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.

 

The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.

 

You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.

 

What’s so special about NapBots?

 

NapBots crypto trading software is special because it comes with:

  1. A unique trading algorithm that processes market data for you
  2. A unique crypto trading bot library so that you can create your own mix of trading strategies
  3. Autopilot mode that enables you to automate trading 24×7
  4. An easy-to-use interface so that you can copy the proven strategies of NapBots to make successful trades and make money

 

How does NapBots help you to Make Money?

 

With NapBots, you can enjoy financial independence by trading cryptocurrencies on autopilot mode and earn money automatically. To make it work on your behalf, you have to do the following:

 

Step #1: Connect to one of the available trust exchanges.

Step #2: Select from the unique list of performing Bots of NapBots

Step #3: Choose a plan that suits your investment style

 

Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!

 

Why Choose NapBots?

 

  • NapBots offers complete trading automation solutions through the use of its own tested trading strategies; offering quantitative trading strategies previously reserved for hedge funds to the public.

 

  • The setup and installation process are easy. So, non-experts can also use it. The simple and special approach of NapBots helps it provide you with excellent ROI.

 

  • The team of professionals behind NapBots has extensive experience in the financial market. They have put their years of experience in place so that you can easily automate the management of your funds with no technical skills. This service can run 24/7 and work as your passive source of revenue even when you sleep.

 

Our pricing is simple and there are no setup fees. Try 1 Week Free Trial !

 

Are You Ready To Start Automating Your Passive Income Now?