In 2022, many people are seeking to gain additional streams of income. Some look to starting a small business in their spare time, with a view to working for themselves as the business grows. Other tech-savvy people may decide to design their own app using advanced coding skills to create a product that has mass market appeal and generates a continuous stream of revenue. Drop shipping, for example, has become an ideal start-up for entrepreneurs looking to generate income with minimal financial outlay.

However, for many people, the idea of generating a persistent income by trading in various commodities, assets, and stocks is one that sounds highly attractive. It should be recognized that trading any form of stock is not without risk, as a multitude of factors can cause stocks and shares to rise or reduce in value. For beginner traders looking to trade, the following five examples may be of benefit.