On my quest of finding alternative investments to generate passive income, I was first drawn to foreign exchange, also known as Forex. Why? Because I traveled a lot, was a bit aware of world events, and thought I knew where the currencies were going. There are lots of sites out there that help you get… Read more
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Diversifying with spread betting
As you know, I like to look at ways to diversify my investments, so that if something goes wrong with one, at least I have other eggs in other baskets. Today, let’s look at spread betting as a way to diversify. If you are not familiar with spread betting yet, it is a way of trading… Read more
Why gold attracts people
Since ancient times, gold has occupied a prominent place in the human psyche. The great empires of old had their castles and precious artifacts decked in gold. Alchemists of ages long past have strived to create “Philosopher’s Stones” that would transmute gold from lead. Throughout history, gold was (and still is) the ultimate… Read more
Binary Options
Options are financial tools very widely used to speculate on a certain asset or as a bet-hedging strategy, reducing the risk on an investment. Essentially, options give the buyer the right, but not the obligation, to buy or sell a certain underlying asset at a fixed price (known as strike price) at any point… Read more
How To Become a Money Manager?
Everyone coming across this title will eventual ask – what exactly does a money manager do every day? What does his or her day look like? What does he or she handle and how does one become a “money manager?” Well, the answer isn’t as simple as you might think – for example, some… Read more
Trading currencies as an additional source of income
When I first started considering passive income generation, the first two things that popped in my mind were real estate and Forex trading. I discovered currency foreign exchange, or Forex when I was traveling, as a few day traders were enjoying the nomadic lifestyle it allowed. As a traveler, I knew a bit more about… Read more