Learn Investing and Trading from the Best

Jenna Walter

4 years ago

The risks associated with crypto Crypto currencies have become one of the most desired investments in recent years. Every crypto seems to be going to the moon, but the reality is fairly different. Although some investors have been able to book stellar crypto profits, there are also many investors that are struggling with the risks associated with crypto. Due to being an unknown space, crypto has attracted a lot of individuals that are looking to scam investors and take away their money. Therefore, it is crucial to understand exactly what risks are associated with crypto. In order to protect your investments you need to choose the right cryptocurrencies to invest in and avoid being swindled by rug pulls. How to choose cryptocurrencies Choosing cryptocurrencies depends not only on the name of the token, and how it trades but also the team behind each crypto. It is important to understand that some cryptocurrencies are only developed with the goal of defrauding investors. Therefore you need to be able to choose cryptos based on their utility. This will directly influence how the price of the cryptocurrency will stay stable over the long-term. Avoid cryptos promoted on social media It has become increasingly common for some cryptocurrencies to be heavily promoted on social media. These tokens are usually used by developers to defraud investors. In order to avoid this entirely, make sure you do not get your crypto picks from social media accounts, that may be receiving money to promote a useless coin that will eventually be rug pulled. Some of these individuals might even promote these cryptocurrencies claiming if you do not get in early you will be an NGMI (not going to make it). Ignore all the nonsense and do not let this affect the way you conduct your investments. Investing should be a personal decision One of the most important aspects of every investment is to do your own due diligence. If a particular investment does not go according to what you have expected you have nobody to blame but yourself. This is crucial that investors understand that when it comes to investing you only have to answer to yourself. Avoid taking investment advice on social media This is another incredibly important point. Make sure you do not take any investment advice from nobody but a certified financial planner. An anonymous account on social media, or even well known promoters of cryptocurrencies sometimes have a financial interest in promoting a certain investment. Therefore the conflict of interest does not allow them to give investors the best advice. Do not fall for anyone promoting investment advice or crypto on social media.

One of the most important things in life is to know where to get knowledge. Not only knowing exactly how to get it, but how to get the best. Time and time again, the best way to learn about anything is to learn with the best. Why should you waste your time trying to learn with people that are not the best. This is not the right approach in anything in life. Therefore we should strive to always follow the footsteps of those that have been successful in a particular field.

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Learning Investing with the Best

Learning about investments is not something you can do overnight. In fact, it takes a few years before you can actually start making the right investments. However, there are ways to speed up your learning process. One of the best ways to do it is to learn with some of the most iconic investors of all time. We are talking about Warren Buffett, Peter Lynch and Charlie Munger. These individuals have been widely successful in investing, and there is no better way to learn than by following their advice. Thankfully there are plenty of Peter Lynch books to learn from.

These books contain tons of precious information on how to analyze and invest in companies. Following Peter Lynch’s approach will surely produce great results for you and your portfolio.

Learning Trading with the Best

The same way we can learn about investing with the best, trading can also be learned by studying some of the most legendary traders of all time. In this case there are several well-known traders that are worth studying. George Soros, Jesse Livermore are some of the most respected traders that have ever lived. Their teachings are available in book format, and easily accessible to anyone that is willing to read them.

This can be one of the best, and most simple ways to learn about anything related to the stock market. Instead of buying courses from unknown individuals who are maybe trying to profit from naive traders. Why not read some of George Soros books? These books will teach not only how to trade, but also a ton of information on geopolitics, and how the world actually works through the lense of one of the most brilliant individuals working in finance

Books are the Best Way to Learn

Books are often frowned upon by people today. Since we have youtube and so many other resources at our disposal, books have become a sort of thing of the past. However, they are a simple and effective way to learn about new topics.

Books are also extremely affordable, and therefore the amount of knowledge you can get in a book for an accessible price seems like a wise trade off. Invest in yourself and in knowledge, and you will be able to achieve a lot more things in life.

Jenna Walter