Financial trading-Creating a better life!!!

Money, we all need it but it isn’t always easy to get is it?

In this short and sweet article, I am going to give a couple of options as new to trading people that just want to make that small, but hopefully great investment.

Before we do however let us look at how your money really is invested right now…

You have super, right?, this is usually in a managed fund that takes all the risk with your money and then if it goes bad takes NO responsibility for your losses.

We have all been there when our super fund suddenly drops $20-30000 or more $ overnight and let’s face it, it isn’t coming back.

Okay, firstly, I am NO economic guru, I don’t hold any certifications, or degrees or have a background in accounting or any finance so all the information I am giving is from my own experiences and research, nothing more.

 Before taking all my chat and dumping your dollars on whatever you find remember to check out these few steps first and remember you are taking the risk for your own money into your own hands as I have.

Now, down to tin tacks!!

I started trading in the middle of the last year 2022 I did have a short and sweet stink on a platform called Plus500, I lost my USD 250 investment quickly as it wasn’t beginner friendly and that was back in 2017.

Back to the story though, I started investing in the middle of 2022 after much research into terms like “trading for beginners” and “how to start investing for dummies”.

These terms and many others didn’t give me a lot of hope until I typed in “top trading apps for beginners” and this resulted in the platform I started using after reading the many reasons behind every beginner-friendly platform.

I choose Sharesis, a very basic, easy to follow and use app that I put on my phone and started using after putting in my first $100,

that $100 I placed across several shares, following what they had suggested which was to invest in companies that you know, trust or use in your everyday life so they are familiar to you.

That is what I did, I also only stuck to our local investment market the ASX, and didn’t venture onto overseas share markets.

Within 6 months I had made some losses but got the hang of closing out and buying in rather quickly. I did get a call from them to let me know when I set my sell point that it has to be a reasonable market price, I was setting mine to sell at the highest it had been thinking it was like a plug-and-play, you put money in, click the selling point and leave until profit rolls in. NOPE, that isn’t how it works.

I am still a small investor in the Sharesis app with my $100 growing over time to just under $700 in the 6 months. I did a lot of buying and selling at small amounts back then to get the knowledge base and have 80% of that money invested in only 1 share on that platform which is Zip money.

Now when it comes to Zip, I honestly believe if I keep the long-term view on this I will be very pleased within these twelve months as I have been slowly buying into these shares over that 6 months with dribs and drabs instead of 1 big lump sum making it a win/win for me as the market rises.

To my dismay though, it will be a longer wait as their profitability got them kicked out of the ASX200, these guys are the top 200 companies in Australia and unfortunately, Zip got the chop last quarter meaning that shares slow and people don’t see it as a good gamble. I do because people like to shop and use credit.

That is how I started on the trading circus, all so I can learn to trade and eventually get an income for my family so that we can travel on profits from this little side hustle.

2023, time to step up into the big leagues!!

As the heading states, 2023 and I am ready, ready to take the next step, ready to learn more, invest more, earn more, and get my economic head in the game.

I joined eToro, another “beginner-friendly platform” but with a big player’s edge.

This platform gives the flashing red and green lights, the numbers bouncing around, a virtual account to trail your theories with $150000 to play with, and the whole WORLDS market to choose from.

yep, the 8th of February was the day I decided to jump on and give the Cryptocurrency ago.

No research just AUD 70 and a whole pile of excitement, I dived in. This is where you’re reading this and waiting for that big WOOHOO… It isn’t coming.

I took the bait of a well-talked-about something, dived in head first, hit the bottom, and gained a headache.

What went wrong, it was Crypto, the buzz point, the real deal, the quick bucks… What happened????

It went wrong because I didn’t research, I was one of the 86% of people that jump on trading platforms and don’t research and start to lose money.

Luckily for me, it was only AUD 70. Putting in another AUD 100, I started to click on shares, indices, CFDs, and crypto and researched all the high and low points of everyone.

I started to look at other top investors, reading their articles and realizing that it was more of an education on this than the Sharesis app, I had dropped into the big pants club.

Over this month, I have lost on Crypto, been closed out of Meta, and lost 4.32% of everything I invested. On a High note, I had lost 6.87% of my investment in the first week, but now it has crept back to the 4.32%, and over the last 24 hours my portfolio, despite showing red has increased by 3.20% (that was after Meta taking a huge dive and my S/L (stop loss protection) kicking in and closing me out).

The key to success is research!!

When you want to learn, you need to research, and this is, despite my lack of certificates and degrees, what I am going to help you out with. As I learn, research, and grow so will you.

You will be in charge of your money, your destiny, and your investment.

You will be able to get a cash flow going if you follow other investors’ information. That doesn’t mean following everything because NO ONE is 100% correct.

It means research, I can research things to share with you, I can help you find information, I can point you to people that are profitable where you can research the shares, indices, CFDs, and cryptos they have in their portfolios and make investment choices.

What you will have, is control over your money, your self-funded Super fund, your investments, your risk, and your life.

You will be taking back what is truly supposed to be yours, your ability to make the decisions in your life without big brother watching everything you do.

Click either of these links to join either Sharesis (beginner-friendly) or eToro ( big boy pants are going on) and just start slow and low.

I will be back next week with some easy starter strategies for you to try.

Happy life is a life that you are in control of…Podcast link- so you can listen while you work...