where to invest

jimjames

xtinataguba wrote: »

do you really have to invest it? you can save it instead. because a lot can happen in 6 month. either your money will grow or you'll lose your money in an instan. think about it.

Spot on. When the OP says they want to "have peace of mind knowing that my money is safe" then anything other than a bank/building society account seems like madness to me as it isn't matching their objectives. And as for current speculation I'm not sure what else can be said on that kind of suggestion.

Lewey_78

With such a short investment timescale you should keep the money in cash savings, and split the cash between three providers (no more then £85k in each account) to take advantage of the Financial Compensation Scheme.

Rollinghome

leo888 wrote: »

All you need is to have a good trading strategy.of course,we have the place that you can learn good trading strategy....

also,i'm a forex trade/broker,i'd like to help if you have any question about forex trading even you are a beginner!

That's very kind of you but I don't understand. If you know such good Forex strategies why aren't you able to earn a decent living from using them yourself rather than from offering to tell other people?

leo888

Rollinghome wrote: »

That's very kind of you but I don't understand. If you know such good Forex strategies why aren't you able to earn a decent living from using them yourself rather than from offering to tell other people?

hello,Rollinghome,it's a good question,first,i'm making money with forex and i know many other people do so as well.as you know,forex market is very large,it changes every moment,full of opportunity,all stretegies should keep updating even it works well now.So if you want to play it long,you should keep learning,communicating,and thinking.
also,i don't think you can make all the money from forex,so why not share this to other people who like this too?it won't effect each other cause the market is too large.that's why i want to share this because i want to make more friends here with same interest so that we can share good tips,valuable information together that help us to make more
thanks

rockitup

leo888 wrote: »

hello,Rollinghome,it's a good question,first,i'm making money with forex and i know many other people do so as well.as you know,forex market is very large,it changes every moment,full of opportunity,all stretegies should keep updating even it works well now.So if you want to play it long,you should keep learning,communicating,and thinking.
also,i don't think you can make all the money from forex,so why not share this to other people who like this too?it won't effect each other cause the market is too large.that's why i want to share this because i want to make more friends here with same interest so that we can share good tips,valuable information together that help us to make more
thanks

It is certainly not so easy to make a profit from Forex, in fact for most it is a common to burn their account balance in the first year.

I have both invested in funds and short-term traded equities and indices for a number of years. It still worries me to actually open a live account with a Forex company because of what I noticed when using demo accounts and talking to other more experienced traders.

2 weeks ago I attended the FXCM Expo in Las Vegas and they had various short seminars there but at least they were honest enough to point out how what percentage of winning trades there were on each Forex pair. This did average out at over 50% but the 2 problems were that the losing trades were generally at least 2 times as large as the winning trades, and also over leverage was the other killer.

So OP, please don't risk any of your house sale money. As others pointed out 6 months is only suitable for leaving it in a few instant access account even though they only pay circa 2%

Leo888, better to promote your Forex help on more suitable message boards. May be more appreciated there

leo888

rockitup wrote: »

It is certainly not so easy to make a profit from Forex, in fact for most it is a common to burn their account balance in the first year.

I have both invested in funds and short-term traded equities and indices for a number of years. It still worries me to actually open a live account with a Forex company because of what I noticed when using demo accounts and talking to other more experienced traders.

2 weeks ago I attended the FXCM Expo in Las Vegas and they had various short seminars there but at least they were honest enough to point out how what percentage of winning trades there were on each Forex pair. This did average out at over 50% but the 2 problems were that the losing trades were generally at least 2 times as large as the winning trades, and also over leverage was the other killer.

So OP, please don't risk any of your house sale money. As others pointed out 6 months is only suitable for leaving it in a few instant access account even though they only pay circa 2%

Leo888, better to promote your Forex help on more suitable message boards. May be more appreciated there

hello,rockitup,thanks for sharing your story,but here is the thing,first,i'm not trying to promote something here,i just like to share and want to find somebody who like trading as well and discuss together in a easy way.

also for OP,i'm not telling you to trade forex,i just want to show you there are lot of ways to invest money,forex is one of them,maybe you like,maybe or not,it's on your own wish,if you like to try,open a demo account,practice,and then open a live account when you think it ready,start with just few hundreds,or few thousands.control your money on safe level.

As for what you have said,rockitup,something you may don't know until you tried yourself,about demo account,believe me,it's totally different form live account cause trading on demo account is like playing number game when i use it.Even opening a live account with a little balance,to trade several times,you will learn more than trading 100k,200k balance in a demo account.

yes,most traders failed,because most traders are greedy when they come to this market,they want to make more but don't think about the risk,some don't set stop loss,some became scared when they failed,that makes them to made wrong decision.they can be easily effected by psychologic factor.So they are trading by using their feeling.

But there always have 20% traders can always win,this is what we should learn about,i know a guy who made good money in forex for over 5 years.the secret is simple and easy to understand,he stick to his own trading principle, he trades based on a simple formula after getting financial news,if the price reach the point he set,he close position without doubt,the result is,90% of his trading is win.

everybody have their own understanding of market,that's why we can share our thought and learn from difference.anyway,nice to talk to you and good luck to OP and everybody!

marathon_man_3

I plant to be in a similar position, with cash funds, in 2014 and will be similarly looking for a home for the cash for a few months, whilst we look for a new place to live as cash buyers.
Personally, I would certainly keep the money in a cash form and not wish to risk it in any way. If you definitely want to lock it away for 6 months, First Save (http://www.firstsave.co.uk/accounts/index.html) are currently paying 2.6% gross for 6 months and are in the UK compensation scheme giving guaranteed cover for the first £85k per individual. I would, in your position right now, definitely be placing some money from your pot with them.