2 MIN READ
Looking for Quick Money? Those Days Are Over…
Ten or 15 years ago, day traders were often rolling in the cash. The market was good and the money was easy. Investors doubled their income and had more money than they knew what to do with it. Everything was good, until it wasn’t.
The days of easy money are largely gone.
However, there are still ways to make money quickly, but they aren’t without risk. If you take such a risk, do so with limited cash and cash that you can afford to lose. If you’re skilled, you may find that you make quite a bit of money quickly, which always makes the risk more enjoyable.
Many people talk about investing in foreign currency, and there is money to be made there. The new investor would be advised to set up a demo account and learn all he can about foreign currency investing before actually taking the leap to real investing.
These next few strategies can work well for experienced investors, but they aren’t recommended for new investors because of the inherent risk.
Forex Margin Account
One way to increase the amount of money you have to invest is to take part in margin forex trading. This type of investing allows you to invest much more money than you would be able to invest with your own capital. Essentially, you borrow money from the broker and pay a percentage of the borrowed money (usually 1 or 2%) as security. If you lose too much money, the broker issues a margin call and you have to deposit more money or close the account.
While there is plenty of money to be made using this strategy, there is also plenty of money to be lost, so proceed with caution.
Another strategy you can use is utilizing a forex robot. Forex robots are automated forex trading software that can automate trading for you based on your criteria. In addition, they can trade for you 24 hours a day, if you would like. If you want to use a forex robot, do your research carefully as there are many out there that aren’t as good as the manufacturer would like you to believe.
Easy money isn’t as quick or easy now, so go into any investment knowing this. Of course, the greater risk you take, the greater your possible reward, and the greater potential loss. Only take significant investment risks with money you can afford to lose.
Good luck Penny Hoarders!