How pound-cost averaging works
Pound-cost averaging means investing a fixed amount on a regular schedule. When prices are lower you buy more units; when prices are higher you buy fewer. The habit can be easier than trying to pick the perfect day.
What it does not guarantee
Regular investing does not remove market risk or guarantee a better outcome than investing a lump sum immediately. It is mainly a behavioural tool for staying invested without constant timing decisions.
Combine it with low costs, diversification and a time horizon that fits the money — see [how to start investing](/guides/investing/how-to-start-investing).