The first thing you should do is set aside your income worth 20% to be invested. Quietly, the 20% of revenues is not a huge number when compared to your credit debt that may be worth more. One of the things that cause people unwilling to invest with such a value is the mindset that considers the money spent should be directly felt benefits, but the investment is not a product that benefits new felt in the short term. So that’s why you need to know the way of investing while you’re short on cash, so it’d be easier for you even if you’re still using a forex demo account.
Let us give you one example, you have an income of $ 5000 per month, each month set aside money of 20% or $ 1,000 to invest. Imagine if the money continues to be invested for 24 months, surely its value is already above $ 24,000. Imagine if the money is used to buy expensive smartphones. Surely its value will not survive, even always down.
The next thing to do is to find out which mutual fund products have had stable performance in the last few periods. It is important to know the picture about the security of investing there. Because the name of the investment always has a risky profile.