The statement that money should work is more than fair given today's realities. At all times, the currency has been actively used by investors to increase capital, since the running currency is always liquid, it is available to a wide range of people, just like the exchange rate. In addition, there are several relatively reliable currencies, due to which it is possible to diversify the investment portfolio.
How can you make money with foreign currency? You can get detailed information at the link https://broker.ru/articles/2017/10/5/kak-zarabotat-na-valyute. We will focus on the main points.
The first way is speculative currency trading. The principle of this method is simple and straightforward - you buy a currency at one rate, wait until the rate becomes more profitable, and then sell it. The profit is formed due to the difference in rates. It is worth saying that bank exchange offices in this case are not the best option, since the bank offers courses that already include additional margin and take into account the risks of a banking organization. If you want to buy or sell currency on the most favorable terms, it is best to find a reliable broker who will open access to the exchange. It is important that the broker works on the Moscow Exchange.
The second way is to invest in Eurobonds and securities. This type of investment can be called long-term. Investment in securities involves the payment of fixed or floating interest. The amount and terms of interest payment may vary. Securities are also bought through a broker on the Moscow Exchange. An investor today has access to other exchanges, but for this you need, at least, to know a foreign language, find an appropriate intermediary, understand the tax legislation of other countries, and so on.
Options and futures are instruments for currency transactions with a high degree of risk. They require not only the participation of a qualified and experienced broker, but also certain knowledge in the field of capital management, risk management, knowledge of formation mechanisms and rate fluctuations. These tools will not work if you cannot afford to lose the amount of your investment without harming your budget.
You can always buy something for currency, for example, real estate, which will grow in price, sometimes foreign. In this case, it is worth considering the possible risks, since you can become the owner of an unpromising object, an object built in violation of local legislation, an object that is planned, for example, to be demolished or which will become cheaper. Investing in real estate is a risky investment that requires knowledge and experience. In addition, there have always been a lot of scammers and legal pitfalls in this market segment.
The easiest way to increase your foreign exchange savings is to put them in a bank at interest. However, it should be understood that reliable banks do not offer favorable conditions, often assuming only 1-2% profit per year in foreign currency. Too favorable conditions in this segment can only come from unreliable or outright fraudulent organizations hiding behind bank signs.
For those who want to try their hand at currency transactions and understand the possible risks, the My Broker mobile application is available - an intuitive service for trading on the stock exchange with the necessary list of instruments. In addition, in the application you can find ideas for foreign exchange investments and take advantage of a profitable currency exchange.
