Beginner Looking to Start Investing Early!!!

It is very nice to start investing early in the life. You are doing SIP in mutual fund is a good way to make money in longer time period. Keep 3 or 4 funds in your portfolio which can be large cap or blue chip, small and mid cap and one gold related . Keep investing in these for a longer term period you will make good money. As you are very young and will need money in future for marriage, buying a home , buying a car you need to plan according to that. I would suggest you to buy a term insurance also as it will cover your life.

When you start making money on risky business (stock trade or Forex trade) you must know how to get any information about what you gonna trade (more completed even better) and how to analyze them. Information is very essential in this business but if you don't know how to use/analyze it ..... well, you gonna get eaten by the market. Basically there's two type information that you can get: fundamental and technical (statistic). The big difference between stock and Forex trading are on fundamental. In stock trading, you to find micro data market like company growth, on going company investment, product sales and profit, environmental pollution issues, employment issue, financial report etc. In Forex trading, you need to find macro data market like inflation rate, employment/unemployment rate, GNP/GDP growth government rule and regulation, bank central report, bank rate (general rate on what currency that you gonna trade), economic calendar, disaster (cause natural or terrorism) etc. There is no specific plan or strategy on how we can make money in this kind of business, you need practice a lot before you can enter market (if you don't want lost on the market) and if you find plan and strategy that fit with you, stick with it.