It is never too early to start preparing yourself for retirement, and the sooner you begin, the better off you will be when you stop working and start relaxing. Financial concerns are one of the hardest parts of retirement prep, and this is something that a lot of people just keep putting off for most of their lives. You don’t have to fall into this category, though. With an active approach to investing and trading, you can grow your savings at a much faster rate, giving yourself a big advantage in the retirement department, and allowing yourself to relax even more later on.
Different people will find different strengths when it comes to trading. A short term approach carries high rewards with it, but it requires a lot of work to overcome the risk associated with it. Investing is work, too, but a lot less. Basically, you are looking for market lows on great stocks with a profitable history, buying and then waiting for years at a time. With trading, you are still looking for weak points in the market, but you are looking at having your money in the markets for as short of a time as possible. Some people do this via day trading, but this requires a large amount of money, and precise timing and analysi. Unfortunately a lot of people are drawn to day trading and then find themselves grossly unprepared to be profitable here, so they end up losing thousands of dollars. This is the exact opposite of what you are trying to do, and you obviously want to avoid this mistake.
Instead, taking a different approach can be helpful. With blooming markets open up to new traders–specifically the Forex and binary options markets–you can start small and grow your money at your own pace. Because these have short term trades, you can turn over more cash–and more profits–but because they allow you to start with small amounts of money per trade, you are not taking on as much risk as you would with a huge day trade in the stock market. Instead of risking $10,000 on a stock, you can predict the direction of that same stock for as little as $25 with a binary option. Or, you can use a Forex broker to make money off of the growing value of the U.S. dollar. Both types of trading are short term and allow you to risk very little of your own cash. What’s more, they both offer larger returns over time if you find yourself being successful in these marketplaces.
You need to be observant of the market of your choice, but binaries simplify things a lot. You don’t have to worry about huge movement, just movement in general. These are not linked to dollar change, but change in general, hence the name “binary.” There is only one of two results that can occur: the market goes up or down. You just have to predict the right one to get a payout. Binaries often pay 80 percent or more in returns on a successful trade, so a $25 trade will give you a profit of $20, even if the trade is only a penny in the right direction. And the best part of this is that you can time your trades to fit your schedule. If you want your trade to last one hour, you can do this. Some brokers have trades that last as little as a minute or less. It’s not an easy type of trading, but it does bring it down to a level that the average person with market knowledge can find worthwhile. For those trying to plan for retirement, it’s an easy way to start growing your cash so that there is less stress when you are older. It might even make it so you can retire years ahead of time.
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Between 74-89 % of retail investor accounts lose money when trading CFDs