Would you recommend me trying to earn money that way me being a beginner only wanting to make like a few dozen dollars? Like 50-100 dollars?
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December 29th, 2008 at 7:32 am
Something called E-currency exchange. You may be able to get more info if you google that name. I can't make any recommendations. Just giving you the info that I have. The rest is up to you.
December 29th, 2008 at 7:32 am
Forex.com is an awesome site. It works gorgeously. If you want to learn a lot about it, and do it very easily and efficiently, then I definitely recommend it.
As a beginner in investing, this is definitely a good way to start. If you’re comparing it to stock investing, then in my opinion, this is so much better. I think it is a whole lot more interesting, a whole lot more fun, and most of all, currency trading is a whole lot more predictable than stock investing. You never know what can happen to stocks.
And investing in stocks costs too much money, and your profits probably won’t be able to keep up with the commission charges.
Currency trading is the best investment in my opinion. And it is definitely appropriate for a beginner. Other than that, you could invest in something boring like a certificate of deposit, mutual fund, or treasury bill. But you don’t really do anything with those other than wait for it to appreciate.
Go with currency trading, and i recommend forex.com. In fact, they have a free virtual trading platform that resembles the actual platform where you can practice. I did it, and loved it. So have fun.