Find a Brokerage
Finding a brokerage is the first step towards beginning your investment journey into the stock market. The brokerage I went with is Robinhood. Robinhood is an easy, simple to use brokerage app that gives you full access to the NYSE. (New York Stock Exchange) If you are not a US Citizen then you won't be able to use Robinhood and should check which brokerage is accepted in your country. The main thing I like about Robinhood is that it's commission free.
Join Robinhood with my link and we'll both get a free stock: https://join.robinhood.com/cameros3484
What you will need to get started
You will need to have:
SSN, photo ID, bank account and available Balance to deposit into your brokerage account.
Diversify your investment
Crypto is a strong asset in today's GenZ driven economy. One other thing I like about Robinhood is that you can trade the value of the leading Crypto Currencies. The Crypto currency that has done best for me and millions of others is Ethereum Ticker ETH.
I managed to get in with an average cost of $1600. ETH is currently valued at $3475 at the time of this article. That growth came in less than a year.
You're probably wondering if there is still room for ETH to grow.. The answer is YES. (in my opinion) Economywatch.com Has a price target of $10,000 by the end of 2025. That's modest, in my opinion.
Manage your Risk/Reward
As for myself, I'm more of a long term investor. Although day trading can bring profit the risk is much higher and in my experince you need to know what you're getting yourself into before jumping straight into day trading.
The way you manage your risk is by investing in Stocks/Crypto Coins with proven growth over a 5 year period.
Remember if you are buying into a profitable company you may not see the stock price rise as soon as you buy. Don't panic sell at a loss! let your investments mature.