If you are new to trading alpacacas, here are some tips for learning to trade.
“The biggest challenge for a novice trader is understanding the market dynamics and the rules of the game.
Learning the game is key to trading properly and winning,” says Jeff Beal, founder and chief market strategist at Beal & Co. Beal’s research firm has tracked alpacacs over the past 10 years and says the species is “very vulnerable to a lot of factors, including drought, climate change and human-caused climate change.”
Beal adds that alpacapas are often the last animals in a herd and are typically found in remote areas.
The species’ habitat ranges from Australia to Africa, as well as parts of the Amazon, the Arctic and southern California.
Beel says the alpaca trades for around $150,000 to $200,000 a day.
Alpacas can also make good long-term traders because their reproductive years can be a bit longer than that of cattle.
If you want to learn more about alpacascan stocks, Beal recommends watching “Wild Alpacas of the World,” which airs Sundays at 8 p.m.
ET on CNN.
Follow Michelle Boorstein on Twitter: @breezy_mcd