Free Money? Not quite - close enough.We all know there is no such thing
as free money (even a lottery win or a donation are not free as they
require buying a ticket or some marketing to attract the donor which
costs money). So how would one go about trying to get almost free money
that lasts? Well
one way is to ensure that a good proportion of the money that you earn
is designated to going into two things one is savings and the other is
investments. Save for a rainy day is a common saying however with
everything that is happening in the world saving is not enough we all
need to plant seeds that will grow over time and compliment the savings. With
investments you can be an armchair investor or an active investor that
choice is up to each individual and their risk appetite. There are many
ideas for investing unfortunately a lot of them require a lot of money
to start with and some need you to practically have a degree on that
subject! I have come across one market that is little known by the
common individual which offers a wealth of benefits to its participants. The
market I was referring to is also very straightforward and that market
is the Currency (Foreign Exchange or Forex) Market. This market is the
largest in the world; it is not trading in any one place and it trades
24 hours a day from Monday morning in Australia or Japan to Friday
evening in the USA. There are a lot of things that affect the currency
markets. Regardless of these the markets are very simple to follow and
one can profit from them as long as they follow a simple system, with
the understanding that small manageable losses will have to be incurred
to make large, long term, consistent profits. Due to the constant
market it is the most liquid as well, meaning there are a lot of
participants so you are not limiting your opportunity by being involved
like you would with stocks & shares. Access to the forex is now
available to the individual and at very little investment cost, some
firms will allow you to start trading with as little as 300 (ВЈ, $ or
Euros). However, it is probably better to start somewhere near the
1,000 mark (and trade as if you had only 300). Also most firms do not
charge a commission - so for your small investment and some trading you
could get some free money (profits). How is the profit made? Most
firms work on the basis of 100:1 margin which means for every 1 (ВЈ, $
or Euro) you control 100! This poses a risk and a major benefit. If the
price moved 1% on the day you will be making or losing the face value
of the trade! Here is the good bit - you can limit the downside by
using stop losses - you predetermine the level by how much money you
are willing to lose if your decision should be wrong. You can even use
this technique to protect your profits. Forex trading is very
simple if you understand the very basics. Should you wish to learn
techniques and ideas there are courses available showing you how you
too can invest actively to get an extraordinary return, over time this
will provide for that rainy day with ease; let's not forget that it is
commission free with most firms and with a small amount of initial
investment capital you too can make your almost free money!
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