You cannot predict the future movements of the market, nobody has a crystal ball. To make money from the markets you need to create an edge over other participants in the market. The market has thousands of products. The key is to simplify and specialize. If you are a new investor, you will probably want to familiarise yourself with the administrative aspects of trading.
Choosing the right investment strategy and account type is easier if you first take some time to assess your current financial situation and your reasons for investing. Choosing the right investment strategy and account type is easier if you first take some time to assess your current financial situation and your reasons for investing.
This should include thinking about:

  • the amount you want to invest
  • your investment goals
  • how long you think you can keep your money in the market
  • your attitude towards risk.

 

If you are having trouble clarifying your goals, it may help to talk to a broker or an independent financial adviser.