I have managed to put aside 1250$ and I want to get into trading but I dont know what instrument to consider with such a relatively small amount.
How would you attempt to grow this?
>>1836613
do you want realistic 10-20% gains or YOLO 4700% RoI?
Download robinhood
Buy AMD
buy bitcoin
then hold it
>>1836613
Put it all in US savings bonds
>>1836751
>20%
>modest
Memes aside. Stocks no. If you can use robinhood in your country that's telling. Need more information:
>>The shithole
>>How fucked is the economy consumerbase
>>Language skill sets
>>Delivery service price for standard 3-4day shipping for package 5ib 3.5/6/12 inch or similar.
PS if I don't reply, I might be busy. But I recommend wholesaling online.
Check his videos:
https://www.youtube.com/channel/UC8JrOitrLRmBTYty6kzIFFQ
It's def possible for OP to get 20%. Sp500 will probably return ~15% a year until it crashes.
Personally I'm up 77% this year.
Ethereum.
I too am in a very similar situation. Bump for interest
>>1836613
depending on where you're located I'd say try betfair
they've got an API and there is software available to give you ladders to trade with like in futures markets (see bet angel etc..)
main thing is you can familiarise yourself with trading an exchange traded product, learn to use an API and learn to apply different forecasting techniques to time series data combined with fundamental data
if gambling is an issue where you're located then perhaps try crypto trading, problem there is there isn't much fundamental data - some times series stuff might work or you might find that there is simply a lot of noise. Perhaps try looking at cointegration between different coins - no idea if there is much relation between them but perhaps there is an some sort of crude relative value strategy could be employed.
Be careful what you read - your trading ideas should be objectively tests. Don't listen to anything subjective - if it can't be defined accurately it is nonsense - this applies to a lot of stuff that falls under the banner of 'TA'.
The reason I'm suggesting either gambling or crypto is that you've got no where near enough money to trade equities or futures on legit exchanges... you could have an FX account but that would be at some scummy bucketshop operation - best avoided. Main thing is get used to testing strategies and forecasting with time series data... that will be both useful and applicable if you either get more money or get a job in this area in future.