The Critical Difference Between Stock & Forex Trading Industry

Guest post in our financial series. Enjoy! – Kimberly

Investing in stocks and forex is a popular way to make money, but many need to be aware of their differences. While both markets offer potential rewards for savvy investors, understanding the key differences between stock and forex trading can help ensure you choose the one most suited to your goals and risk tolerance.

In this article, we’ll cover what these two industries involved, compare them side by side, review some of their pros and cons, discuss how they work together as part of an investment strategy – if at all – and much more. But first off: are you interested in better understanding which form of investing best suits your criteria? Read on and find out.

Overview of Stock and Forex Trading

Stock and forex trading are two of the most competitive financial markets in the world. Both markets require a deep understanding of every detail, from global economic trends and current events to interest rates and corporate earnings. Stock trading is focused on buying and selling shares of publicly traded companies. Market and industry trends and individual company news influence it.Continue reading

Scrappy Design Thinking – Simple Rules, Practical Tools

In another article I rambled on about how design thinking’s powerful combination of tools and techniques produces outcomes beyond the predictable. Here I’ll share an approach that integrates key elements of design thinking with a Scrappy Project Management© style. Using this approach will generate new possibilities that you’d never discover using traditional problem-centric approaches. 

Scrappy Design Thinking Overview. Both design thinking and Scrappy Project Management© share an obsession with “the customer”. And both start by “thinking from the future” rather than getting stuck in the current situation, hampered by self-limiting beliefs about what’s possible. Rather than using the classic design thinking model of Empathize – Define – Ideate – Prototype – Test, let’s use a cycle that’s a bit easier to remember: Why? – Who? – What? – How?

  • Rather than instinctively jumping to HOW to solve a “problem”, start with WHY – Why is this project important? Why work on this? 
  • Next explore WHO – who cares, who’s impacted, who’s involved, and who’s judging the success of your project? 
  • Then move on to WHAT – what outcomes would go beyond “solving a problem” to surprise and delight your stakeholders? 
  • Then, and only then, design and prototype HOW to achieve these outcomes and delight these stakeholders. 
  • Go through the entire cycle again, expanding, revising, and refining your prototypes repeatedly, until you collapse in an exhausted heap, worn out, but with a self-satisfied smile on your barrier-shattering face. Hmmm . . . perhaps I overpromise. Let’s see what happens.

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Kimberly's Areas of Expertise

Contact Kimberly at:
Wiefling Consulting

Phone +1 650 867 0847

Books in the Scrappy Guides™ Series

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