There are plenty of investment opportunities in the market, with traditional investments leading the way, but alternative investment markets are also on the rise and here to stay, especially in this day and age where traditional markets are not as reliable as they once were.
While you may be intimidated by the high potential risks of these investment opportunities, they do come with benefits that make them worth taking into consideration. Here’s a step-by-step guide to help you navigate your way through the alternative investment markets so you can decide which one might be right for you and your personal situation.
How do I choose an online broker?
To open an account with a discount broker, you will typically need a minimum deposit of $1,000 or more. Some firms may require larger deposits depending on your balance.
The fees for maintaining an account vary from firm to firm and are usually between $5 and $15 per month for accounts less than $50,000. With a discount broker, you’ll receive a greater degree of control over investments than is possible with other types of accounts such as managed funds or unit trusts.
What are the risks of investing in the stock market?
The biggest risk of investing in stocks is losing money. Although stocks can generate strong returns over time, there’s no guarantee that you’ll actually make money on your investments.
If you lose money on one or more of your stock picks, it could take years to recover—if you ever do. As a result, you should think carefully about whether or not investing makes sense for you and avoid putting any money into stocks that you don’t have a high tolerance for risk.
Is trading bitcoin risky?
Many of you will likely be familiar with bitcoin and its meteoric rise. However, what’s far less known is that it isn’t alone in its crypto-fortress. There are hundreds of other crypto coins out there, most (but not all) of which are bought and sold through online exchanges.
What are cryptocurrency exchanges and how do they work?
Cryptocurrency exchanges are simply websites that allow people to buy, sell, and trade cryptocurrencies for other digital currencies or traditional currencies like US dollars or Euro. For example, if you wanted to purchase Bitcoin using US dollars, you would have to trade your US dollars for Bitcoin on an exchange like GDAX.
You can also purchase BTC using USD from sites like Coinbase. You can then send Bitcoin just about anywhere globally using platforms like Blockchain or Xapo.
Why trade cryptocurrencies with IQ Option mobile app?
IQ Option allows you to trade crypto pairs alongside many of its other offerings, which include everything from traditional stocks and currencies to commodities.
IQ Option features a simplified mobile app that gives you easy access on both iOS and Android devices. This option is great for those who want an all-in-one app without having to deal with setting up an account on multiple exchanges or installing multiple wallets.
Do I need to start with Bitcoins or Ethereum?
Alternative investing is complicated; you have a lot of choices and a lot of things you need to consider before jumping into an investment market. Though it can be scary, it’s also exciting, and there are ways for people new to investing—like yourself—to break into these markets without risk or loss.
Getting started with alt-investing isn’t hard, but it does require a little research on your part. Let’s take a look at some of your options