Playing with currency £ to € and back

bostonerimus

As with any scheme that seems obvious and easy, you have to ask yourself why everyone isn't doing it and making money. Currency trading is very risky and you are making far too many optimistic assumptions.

System

I'm not making any assumptions I'm saying that from I've been living in Spain and following the rate there have been peaks and troughs like anything.

I have abit of spare cash that I could make work for me if I make the right moves at the right times.

That is a big if I know but a bank account paying 1.25% interest isn't making me much. I dont mind abit of risk which is all this is.

Anyway. Thanks for all the advice. How do yous make your money work for You? Those who discredit this option and it's possibilities tell me how you gain and make your money work for You? What do you invest in?

Thrugelmir

frannyj543 wrote: »

I'm not making any assumptions I'm saying that from I've been living in Spain and following the rate there have been peaks and troughs like anything.

If it's that simple why isn't it a recommended way of making money.

bostonerimus

frannyj543 wrote: »

Anyway. Thanks for all the advice. How do yous make your money work for You? Those who discredit this option and it's possibilities tell me how you gain and make your money work for You? What do you invest in?

I certainly don't bother with currency trading and I would strongly advise you to abandon your plan as it is basically gambling. Personally I simply invest in equity and bond tracker funds, my portfolio is up 13% this year and I have made enough money over the years to be financially independent. I'd advise a similar strategy for you.

bigadaj

bostonerimus wrote: »

I certainly don't bother with currency trading and I would strongly advise you to abandon your plan as it is basically gambling. Personally I simply invest in equity and bond tracker funds, my portfolio is up 13% this year and I have made enough money over the years to be financially independent. I'd advise a similar strategy for you.

Though not dollar demoninated or the OP will be currency trading....