BOTS Blog: Where should I invest my first 100 euros?
BOTS is going to turn the world of investing upside down. Algorithmic trading will become available to everyone in the world, not just the richest 3% in the world. To help you get started with the BOTS app, we've created some informative videos for you.
The BOTS app is an open platform on which expert developers offer their bots. These bots invest for you. They make their choices based on artificial intelligence, machine learning and algorithms. So bots are actually automated trading strategies.
With our app, the best trading strategies are now available to you. And not only for the richest 3% of the world. In this way, together we will turn the world of investing upside down and make it fairer and more transparent.
Trading via a trading app
If you really want to invest well yourself, this often takes a lot of time. And knowledge.
Simon would also like to invest, but wants to spend as little time as possible on it and still get good returns.
In the video below, Simon explains how you can invest using an app without needing a lot of time and knowledge. Investing like a pro, without being one.
Why start with €100?
It may not seem like much to start investing with €100, but it's actually a great amount to start with. Anyway, you should always start investing with an amount that you don't miss on your savings account. Of course you want to be able to replace your washing machine when it breaks down.
If you invest this €100 in the right way, you can make a nice profit. You can always choose to eventually invest more. Perhaps you will receive money back from the tax authorities which you can use for this.
What risk are you willing to take?
Simon also wanted to start investing with €100, but had no idea where to start. So he did a little research himself. His conclusion was that your profit strongly depends on the risk that you are willing to take.
"No reward without risk."
Trading can sometimes really feel like gambling if you don't know what you're doing. So the idea is to be serious.
If you're willing to take on more risk when you invest in crypto, stocks or gold then it could end up great for you. Or it could end up being one big vale of tears.
The higher the risk, the higher the price fluctuations. Thus, a greater chance for high profits, but also a greater chance for larger losses.
That may sound quite exciting to some. Simon finds it exciting too. His advice? Spread everything you invest across different assets. One way to spread those risks is by using the BOTS app.
The BOTS app uses bots that automatically act for you based on complex algorithms written by independent developers.
The bots in the BOTS app all have different risk levels. Ranging from low, to medium to high. If you use a bot with a high risk level, then this bot will take more risk than a bot with a low risk level.
Spreading is always the best option.
How do you distribute €100 in the BOTS app?
If you want to trade with €100 using the BOTS app then you can choose to put this entire amount on one bone with a high risk level.
It would be better if you spread this €100 over two high risk bots.
The very best is to also spread out between high and low risk bots. €50 for a high risk bot and €50 for a low risk bot. Just the combination of different risk levels might work best for you.
Simon himself chooses a spread over only low-risk bots, because these bots work with a conservative algorithm that yields more stable returns and fluctuates less. For him a good option because he wants to invest for the long term.
Ultimately, of course, you decide how you want to divide your deposit and which risk level suits you.
Need any help with anything?
If you still have questions about the BOTS app, do not hesitate to contact our support department.
Investing is for everyone
Everyone should be able to invest. And now they can. With BOTS. Are you interested, but your question hasn't been answered yet? Take a look at the FAQ's on our site. Or contact us, we will gladly explain it to you in person.
The BOTS app is now live
There is no such thing as risk-free trading. It is possible to lose (part of) your stake.