You know what? I was wondering how far we have come since a couple of years ago regarding the autonomy we now enjoy whenever it comes to investing our money in digital Financial assets like Cryptocurrency.
I can still recall one of my visits to Nigeria's stock exchange (NSE) as part of my plan to gain practical knowledge of finance as a Banking and Finance student.
Naturally, places like the stock exchange of a country are where you can find the best pound-for-pound players in the investment sector of the Economy. They are intellectually nurtured and well ground to play with financial instruments and turn in profit by the end of each day.
Do you know the level of training it takes for them to get to that level?
Despite all the years of training, whenever they buy shares of a company and notice that the price is dropping, panic usually sets in.
I was lucky enough to witness one of such moments;
All those that bought the stock of that company were actively monitoring the price chart as it dropped gradually. Some clicked and sold while others were outstandingly keeping their eyes on the chart.
I didn't get to see how that trading day ended, but the thing I noticed then is that despite the level of knowledge they have and years of study it takes to get to be a stock broker, they still make trades that throws them into a wheel of uncertainty.
That is what investment is all about.
It's hard to trade with certainty. Trading works more like a probability with higher chance of things being in your favour if you did your homework.
I'm saying this to highlight the fact that Cryptocurrency is allowing everyone to buy, HODL and sell any Crypto they want. You don't need a license from anyone. You don't need a Masters's Degree or any sort of academic certification about trading whatsoever.
What we are enjoying now is an opportunity to be in full control of our finances. We buy and sell as we please and we take profit without having to pay some quid as a fee to some know-it-all 'financial expert' or 'broker'.
The flip side of this fabulous autonomy is that you can also make a trade that will end up causing you a lot of panic. Luck may be against you and you may end up losing a lot of money in the process. Surely, nobody likes to lose money and the experience may become the worst horror show you've ever witnessed.
Nonetheless, you have to see it as your right and responsibility to learn from that experience. Don't beat yourself up too much for losing money on a trade or an investment. Even a 'financial expert' can have a bad day.
Thanks For Not Missing Any Full-stop Or Comma
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
No matter the level of training, I don't think any investment is guaranteed. It can only reduce the level of risk because we get to be so calculative while investing but either profit or loss is still uncertain.
If everything about our trading and investment is guaranteed (certain), I guess Nkem here will also join the millionaire gang ☺️😉😂😂😂
Thanks for sharing bro ☺️
Yes ooooo. There is a high level of uncertainty attached to being an investor. The certainty is not there, but people do it based on probability of profit or loss. Haha.
Thanks so much for sharing your thoughts on this
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