I’m 18 and I want to make investments in the stock market. How can I start investing? What is the best online trading app to start my investment? What are the ways in which money can be invested?
How can I start making investments as a beginner?
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Shweta Ranjan
Here you are looking for different ways to make investment as beginner. You can invest through following ways if you are really interested
1)Go for forex trading as return of investment is really good and high.
2)Invest in stock market, but before that be aware about all the risk. So that you don’t lose all your money at once.
3)You can opt for mutual funds.
4)Try trading in penny stocks as they are cheap and give you high return.
5)Go for safe investment like treasury bond.
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Samakshi baghel
The earlier you start investing, the more benefit you will get.
First and foremost you should ideally not take a loan, if you do then it should be very less because whenever you looking for a loan you get banned in a way.
Here are the basics ways, you can grow your money–
Saving accountsÂ
By doing deposits and withdrawals in your saving accounts you can grow your money because every bank provides some interest amount on savings and every bank has its own interest rate.
Fixed Deposits
You can invest your money by fixed deposits. You can invest some of the amounts in the form of fixed deposits for some years then the bank will add some more amount and return to you. And your interest amount is depending on the time duration of the fixed deposit that how long it will be deposited.
Trading ApplicationsÂ
As we all know we have different mobile trading apps by which you can earn money without any investment.
Apps like BINOMO, and POCKET OPTION and many more.
Stock Markets
You can invest in stock markets but it may be risky so before investing just make sure you have already gone through the all risks and terms and conditions.
Easyplan
It is an app that helps you to save money regularly.
Easyplan helps to invest in low-risk liquid mutual funds so, by investing in mutual funds you can earn money.
You can opt for mutual funds investments.
Bitcoin
You should invest in cryptocurrency. It belongs to some digital cash. Again before investing you should check all the risks and terms.
So in these ways, you can invest your money if are at the age of 18 or you just begin your investments. But before the investment, you must go through the risk and terms.
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