Should you get into financial trading? I am going to start off by saying that I enjoy financial trading as a hobby, and I am still learning how to trade. I am going to give my unbiased opinion.
Here are some good trading resources:
Here is my favorite stock brokerage: https://robinhood.com
Favorite crypto/CFD/Forex exchanges: coinbase.com , Gemini.com, and PrimeXBT.com
The first question you should ask yourself is, is it something you are passionate about? That you would love to do for the rest of your life? If not, DO NOT start trading. Why? Because based off of scientific research, humans are initially bad at trading. Our bodies and DNA are not meant to know how to trade. Therefore, you will need to study, learn, and practice trading for a LONG time. There's people who learn how to trade perfectly within 6 months. Honestly, I do not know how they did it. Normally, it will take anyone at least 2 years. Check out this book for beginners: walmart.com/c/2232919
The second question is, are you interested in investing or trading? There is a MAJOR difference between the 2. Investing is buying and holding over the LONG TERM. Whether their investment is going up or down, they will keep investing or leave their investment to grow. Trading is when you are buying and selling within a specific trend or timeframe.
There's day trading, holding positions for within a day.
There's swing trading, holding position from anywhere between a day to several weeks.
And Position trading, holding a position usually for months until a trend discontinues. Check out this book about Value Investing: walmart.com/c/2232919
The last but not least question is WHY are you trading? If you decided to do this long term, whether it's a full time income or a hobby, ask yourself why are you trading? Is it to get rid of your job? Is it to make a little more money? Trade for a living? If you are thinking you can turn $1,000 into $100,000 within a year, or even 5 years, you are DREAMING. In order to make a living off of trading, you will need to need a lot of capital and to be good at trading. It's more realistic to keep depositing into your trading account, accumulate $50,000 and turn it into $500,000 within 5 years. Check out this other book as well: walmart.com/c/2232919
Tips for wanting to trade:
1.) DO NOT, and I can not stress this enough, DO NOT LET ANYONE ELSE MANAGE YOUR MONEY! Especially people who have returns of over 100% or 10000 %. They will risk all of your money on 1 super low accurate bet.
2.) DO NOT let anyone on Instagram or other places manage your money promising something weird like turn $500 into $5000 in 10 weeks, or promising 5% daily on your investment on something. Whether it's stocks, options, Bitcoin, Forex, etc. They are SCAMMERS!
3.) DO be nice to people who are in affiliate programs offering you Forex products or stocks products. They are not scammers, they just are interested in making money with you. Make sure they are real people who are willing to be on a video call with you.
4.) DO NOT rely on signals for the rest of your life (people telling you what to trade) they may be good or bad, but you must teach yourself to fish.
5.) DO NOT risk too much on a trade or trades. There WILL be times where you will be wrong 10 times.
Share this with anyone who needs to know this information! I am not a financial professional. This is just for entertainment purposes.
Who should you listen to? Who is actually making things happen? Who isn't fake? This is the perfect article for you if you've ever asked these questions. Here's my top 3 choices for people to listen to:
1.) Tai Lopez
2.) Grant Cardone
3.) Anthony Robbins (Tony Robbins)
Thank you for checking this article out! Make sure to share with others as well! Everything in this post is for entertainment purposes only.
Credit Building & Repairing - How to enjoy free perks and money from fixing and building your credit!
Whether you have a credit score of 450 or 850, we can all benefit from having extra money and enjoying free travel, regardless of what our credit score is!
If you were like me, on the pursuit of trying to make money online, you might have heard "Your Credit doesn't even matter" and that shouldn't stop anyone. What I've learned is that everyone has different things going on in their lives. Maybe you're a newlywed couple trying to buy a house, or maybe you are just trying to buy a new car because you extremely need it. Having good credit will benefit you in the long term.
Here's why there is NO RISK in making money while repairing your credit:
Here's the worst case scenario: You have no income, are a student, and have absolutely no credit history.
The only place to go is up! If this is you, look into secure credit cards to start maximizing your credit ability and try becoming an authorized user of a credit card from someone who has a credit card with good spending habits.
Why is there no risk in repairing your credit (and making money while doing it)? Because the only way you will hurt your credit is by not carefully using what you have right now. Everything bad in your credit report WILL go away in 7 years. Soft pulls in your credit will go away in 2 years. So why not repair them quickly while enjoying it's perks? You don't need to wait 7 years or even 1 year.
The way to fix your credit and/or make money while doing so, is by knowing what banks want from you. Banks love to see how you manage your credit, and what credit cards you apply for. ALL LOANS AND CREDIT CARDS ARE BENEFICIAL TO YOUR CREDIT if you play your cards right with them. With bad credit score, comes bad interest rates. A mortgage on a $200,000 house could become $600,000 with bad credit.
How to repair your credit and enjoy free money and travel:
I have personally tested out a course that I ABSOLUTELY LOVED! It has gotten me super interested in credit and how I can make money from it, and how you can too! Taught by a young Stanford dropout, with a $3,000,000 credit line, this course IS THE BEST ALL-IN-ONE CREDIT COURSE YOU WILL EVER NEED! Check it out here: tailopez.com/credit/moderngatsby
Since you are a reader of our website Trillionaire Life, we have a FREE credit video training! It's only available to a specific number of people however, for a limited time! Get access to the training here: https://lifeperksonline.weebly.com/