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Quick_Money_loan » 10 ways to make money from money - MSN Money UK(Quick Money On Interest)

10 ways to make money from money - MSN Money UK(Quick Money On Interest)

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Here are 10 top tips for making money from money, courtesy of Catherine Hardiman, head of dbFX Europe - Deutsche Bank ’s online retail currency trading platform. Make sure you have practised your trading on a demo platform and get comfortable with it and your trading style before committing real money. Momentum tracks the direction of currency markets; the carry strategy sees investors selling currencies with low interest rates and buying those with high rates; and the valuation strategy takes a position based on the investor’s view of a currency’s value. But don’t think that currency trading is an option for those seeking quick money, because like any investment, it only should be played by those with a long-term end-game in mind. The same applies for currency trading itself; spread your risk by not placing all your faith in a single trade because diversification is key; no matter what asset class you’re investing with. read more

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