Roger Scott is the Head Trader at WealthPress. He is a hedge fund trader and commodity broker with 25 years of trading experience on everything from stock options to ETFs.
We have interviewed Roger Scott to get him to share his best personal investing tricks. The details of the interview are as follows.
WHAT DOES WEALTHPRESS DO, AND HOW IS IT SET UP?
WealthPress consists of a team of trading experts. We provide educational services backed by over a century of experience, market analysis and lots of data.
They provide a plethora of educational investment products and services that will help you navigate the market to become a better investor.
SHOULD A PERSON TAKE THE RISK OF INVESTING?
Investing can be very tedious and yet very promising. People withdraw from it because they fear the risk involved and the possibility of losing everything they have.
However, if you are willing to take the risk, the tables could turn, and you could make groundbreaking returns.
The reason why people invest is that they have access to information that others might not have. This way, they are able to consider the risk involved in their investment and take control.
WHAT IS THE FIRST THING TO DO WHEN YOU WISH TO INVEST?
If you wish to invest in cryptocurrency or any other kind of investment, the first thing you should do is to seek insight from experts. Same thing if you want to invest in tech-related companies, you need to consider the recent tech volatility on the horizon.
WHAT ARE YOUR BEST PERSONAL INVESTING TRICKS?
Nobody knows everything about investing. There are always new and expanding frontiers and changes that you need to adapt to and understand. When you note that you need help, you can seek investment insights.
The WealthPress website provides you with insight into investment tactics that you need to adopt or otherwise avoid.
Next, decide how much you can afford to invest. It is extremely discouraging that you put all your eggs in one basket, i.e., all your finances in an investment.
The market turn might sometimes be unforeseeable, and you might lose your investment. If your investment is in one place, it will be devastating. However, if they are spread out, the effect of one or two losses will not be so harmful.
You should also know where you’re investing. Scammers are everywhere, ready to prey on your hard-earned money. A blog content or video, or even word-of-mouth is not sufficient to educate you about what you wish to invest in.
You have to conduct personal research on how it works and the strategies to adopt.
CAN YOU TELL US MORE PERSONAL INVESTING TRICKS YOU USE?
You should know that when it comes to investing, intuition and confidence are most important. As a beginner, it is advisable that you first try out safe investments, although their returns are low.
This is because when you understand the market, it is very likely that you’ll lose your investment if you dabble in risky ones. If you do, you could lose your intuition and confidence, which are even more important.