So far i got like 50usd and i want to try trading, im not dreaming big i just want to make enough to live independently. im17 and the only thing i know about trading is buy high sell low.

Hello there and congratulations for picking this up 13 years earlier than the 17yo me! (Totally not jelly at you ok)

Now I'm not expert but let's think about this together:

When we talk about financial planning, a typical salaryman would lay down his/her expenses, income, to figure out how much capital to play with. This is also important for you to figure out how much emergency fund you need in case you lose/quit your job, to sustain your lifestyle normally.
At your age, all these sound unnecessary because you have no income nor commitments. Emergency fund also becomes moot because I am expecting daddykasi at such a young age.

So, while I think it's great you start your investment early, I hope you will remember to plan things out as you age and eventually bear full responsibility for your own life. Emergency fund should generally be liquid (easy access), and kept in a low risk, safe instrument e.g. short tenure FD). That is not the case for your investment capital - this one is tricky and this is your main question.

You are very young, so you have the capacity to venture into high risk investments which generally gives higher return, especially in the long run. I will not give you specific cryptocurrency, stock counter, ETF whatsoever because I'm no expert and I invest based on what I know and comfortable with. Others will be able you give you more input on that perhaps, but ultimately you decide based on your own risk appetite, and what do you believe in. It's hard to grasp these so try to imagine:

You put that 50usd into stock X.





You can also mitigate risk by splitting your capitals into multiple counters, such as 25usd each on X and Y for example above, to reduce the sharp pain of losing everything in the same basket. I do have to say that 50usd is too little to diversify too much, because you need to think about the trading fees that can overwhelm a small capital.

Wait what. Ok bro you got trolled or you're trolling HAHA
I hope the former... Do you know what that means to your money?

Unless you have as much insider information as big institutional fund managers, forget about that.

The market rules are rigged against retailers in every corner. Institutionals, especially big ones, always have the upper hand.

Your best avenue is to invest for the long-term given your young age. Let compounding interest works for you.

Also given your young age, since you can't invest yet, you should spend your time now to read more finance and economics book and understand the markets. Study companies' financial reports, annual reports will also help in a lot in the future when you begin investing.

For a more general advice, takudan mentioned some.

This post has been edited by TOS: Apr 10 2021, 10:25 AM

Don't bother with USD50. Why? Even if you manage to double it, it's still USD100. If you say 10X it's still USD500.
But also never look down on USD50. If you can generate USD50/week that's USD200/month = USD 2400.
That's why I never look down on USD 30-40/week which I earned from my investment. How I get to where I am?
High savings rate since school (min 50% savings rate), job, keep learning, keep your mind open.
You can use the USD 2400 to invest to generate more money.
Go work part time, have high saving rates, don't spend your money on booze, clubbing, traveling, Starbucks, food panda, grab food, tealive, latest phones. Keep your wants low.
Cont working part time while studying so that you can get a job.
Cont saving up until you have min 6-12 months of cash reserve to survive if you have no job. You do not want to sell your investment at a loss just to survive.

You need to have basic before you invest. No basic like building a house it will collapsed.

Last is have diamond hands and not paper hands.

There are more ways to make money than buy low sell high.
For starters kindly read this
http://singaporeanstocksinvestor.blogspot.com/ (see all the link at the side, read all of them)
https://investmentmoats.com/stock-market-in...ting-resources/
https://stestocksinvestingjourney.blogspot....f-dividend.html
https://stestocksinvestingjourney.blogspot....-of-saving.html
https://stestocksinvestingjourney.blogspot....out-me-ste.html
https://www.mrfreeat33.com/my-story/
https://www.mrtakoescapes.com/farmers-hunte...l-independence/
https://www.mrtakoescapes.com/love-big-fat-cash-pile/

I doubt you will read it. Your loss if you don't read. You will gain if you just spend time to read. I read through the whole link I posted here. Understand the basic. Very important. Most people just want quick money with minimal work put in. And that's disaster.

This post has been edited by Ramjade: Apr 10 2021, 10:52 AM