Please does anyone have tips for newbies?
I don’t think you’ll get a good answer here for such a generic question. I suggest ask this to chatGPT (it’s actually surprisingly good) and come back here with more specific questions.
Here are a couple of tips, anyway 
- Anyone promising you a get-rich quick strategy is probably trying to trick you. If something is so easy, everybody would be doing it. Always think twice.
- S&P500 is your best friend.
- Only invest money you don’t need for a good few years, and don’t panic when the market crashes. The worst thing you can do is to sell after a crash and then decide to go back in when the market recovers. Lookup dollar cost averaging (DCA).
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Choose high liquidity ETF that mirror strong indexes like SP500, MSCI or FTSE World Index.
Understand the difference between accomulative and distributing ETF to understand what kind fit best your objectives.
Do regular investments of amounts you won’t need for several years. For example every month I invest some money that I’m feel very safe I won’t need it for a long time
Depends on how active or passive you wish to be / how much time you wish to spend both learning and investing.
Be realistic with yourself.
If investing doesn’t interest you, you just wish to get more out of your “parked” funds than the interest you get from your bank, buy the market: SPY (or QQQ).
If you actually want to learn how and why prices move, when to buy, how much, when to pass on plays, how to manage, how to exit, etc. - learn Technical Analysis - but beware 90% or more of courses/mentors are charlatans.
Others prefer Fundamental Analysis: valuations, future growth, past performance, etc. they look at the management that runs the firm, revenue, gross margins, debt/equity ratios, assets, liabilities, and the like.
I tried Fundamental Analysis and couldn’t see myself doing that for any sustainable period of time to even learn it, so it wasn’t going to work for me. But techincals made more sense to me. I tried a thousand things, gave up a thousand and one times, returned and pressed on and eventually found a way of doing TA that works for me.
What to do is dependant on how much effort you’re willing to put in. If you wish to do little to no learning, stick to buying the market. Willing to dive in at the deep end, realise it’ll take years (not days, as often falsely advertised) and stick to it - or like I did, give up many times, but sonner rather than later pick up that shovel and continue digging.
Good luck, dude. Nobody’s gonna do this for you. So if you want this, better get started and stick to it.
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One thing I realised a few months ago:
Different types of trading are approached differently and require different mindsets.
Day trading vs swing trading vs long term investment vs whatever else.
They’re not just different, but what’s good for one can be bad for another. If you follow someone, make sure you’re aware of the kind of trading they’re doing, and if you’re following people doing different types of trading, make sure to separate the advice they give and don’t start applying day trading tips for your long-term portfolio or vice versa.
- Have clear short, medium and long term goals.
- If investing long term, go 100% equities, and keep it simple. Buy an all world ETF in your own currency.
- Setup a recurring investment and remember it’s a long game.
- Do not invest any funds you might need access to in the next 3-5 years, so you don’t sell the dip.
Yes, a classic example is micro-managing a core / long-term play as you’d do with a day trade. Definitely a no-no. Be clear of the goal for each play and act accordingly.
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When financial brokers says around 70% of people lose money is mostly due day trading, because it’s very hard. Even some full time day traders fail. It’s very hard predict how the markets will behave in the short term. To start is long term is usualy a better choice
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