Cryptocurrency, Stocks and Forex insights from an experienced Trader/Investor

So I know there are a lot of buzz around Cryptocurrency and many have forgotten about the traditional investment instruments namely Stocks and Forex.

I have been trading both Stocks and Forex for over 5 years and has had continuous success in both. I am an IT graduate so understanding the inner workings and the technicalities behind Cryptos came natural to me, along with my technical and fundamental analytic skills garnered from trading Stocks and Forex.

STOCK MARKET

I am from Jamaica and before you think this is a third world slum and all that garbage I'll have you know that our Local Stock Market was the top-performing index in 2015, according to Bloomberg , topping 92 markets tracked by the global financial research company. So our local stock has volume and a lot of room to make profit. Starting off casually I made a couple of beginner mistakes, like pulling out each time a stock would dip but has time passed I got more versed and in no time I had recovered my loss and doubled my investments in just a couple of months.

The Stock Market which I would say is probably the safest of the three (3) instruments, which is for investors with a low risk appetite when compared to the Crytpo and Forex markets. When investing, understanding your instrument is key to success. One of the most rewarding thing of the stock market is receiving dividend from stocks which is different from the profits you would normally make from the stock increasing in value. I would recommend all to have a portion of their asset in stocks.

FOREX

Unlike the Stock Market the Forex Learning curve is a lot steeper and took me around 3.5 years to become profitable but it has it's merits. Although it takes a lot less time to flip your investment but that's if you know exactly what you are doing it is still not recommendable by me to just anyone. Over the years of learning Forex I lost a lot of money and although I don't regret it based on where I am today but I truly wouldn't recommend anyone to Forex because of it steep learning curve and the potential loss before you become profitable that's even if you ever get there.

I would only recommend this to disciplined individuals with perseverance to stick through blowing numerous of accounts until you are successful.

CRYPTOCURRENCY

Screenshot taken from Coinmarketcap

Lastly, not because it's the best or safest instrument but to me it's the most exciting and possibly the easiest if you know what you are doing. By now we all know that there are tons of Altcoins (all other coins except bitcoin) which carries great potential for huuuuuuuuuuuuge returns. Since getting into the Crypto space I have seen coins grow up to 10,000% which means if you had invested $1000 you would've gained $100,000 over just a few days and that is insane nowhere else will you see these returns over such a short period of time and that to me is exciting.

So how hard is it to get to being profitably in Crypto?

Well to be honest it will take some amount of research, analysis, timing and finally the gut feeling of believing in a project and what it stands for and that the team behind it can deliver and you will be off to the race track. Although the Crypto Market is dynamic, meaning its ever changing you have to always be on the look out for new opportunities which is all worth it if you get in on the correct one.

FINAL THOUGHTS

I would easily suggest everyone to get in on the Crypto space because it is the future and I want all of us to have a stake in the future and I believe the best is yet to come for Crypto. Combining Crypto with Stocks that is two very solid instruments to be investing in along with whatever other investment instruments its always better to diversify. I am excited for crypto so should you :)

Let me know your thoughts