If the stock market does not inspire confidence in you, you can try to make money on the difference in exchange rates. For this purpose, the Forex market (English Forex - foreign exchange) has been created, where you can exchange currency at free quotes (the price is formed without fixed values or restrictions). You can also use a foreign currency deposit and a multicurrency deposit.
Instructions
Step 1
Forex is a rather risky market for a private investor, as you can lose all your savings on it. The fact is that the Forex market was originally created for large players, financial organizations that exchange large amounts of currency for their own needs. To enter Forex, you need to have a capital of 100 thousand dollars. If a private investor has less money, then he is offered to use a leverage of 1: 100. It is easy to calculate that the risk in this case increases by 100 times.
Step 2
Foreign exchange deposit. The degree of risk in this case can be assessed by the bank's interest rate - the higher it is, the greater the risk. There is undoubtedly a deposit insurance system and even a special organization? Deposit Insurance Agency. However, if the entire financial sector collapses (unlikely, but theoretically possible), then no country will be able to pay back all the money invested by private investors in banks. When you choose a bank deposit, be guided by the inflation of the currency in which you are making a deposit. Ideally, in order to benefit, the financial institution's interest rate should be higher than inflation. And good earnings can be obtained if the ruble weakens sharply.
Step 3
A multi-currency deposit helps to make a profit not only due to a fixed interest rate, but also as a result of the difference in exchange rates. Within the framework of one agreement, you draw up a deposit in rubles, euros and dollars. After that, you can transfer all your funds without commissions and loss of interest into the currency you want. The downside here is that banks' exchange rates are not the best. That is why it is necessary to transfer funds at a certain moment, when some currency has a steady upward trend. It is also necessary to clarify here that for a multicurrency deposit, banks set lower interest rates than for a simple deposit. Also, financial organizations often require that the first deposit amount be large enough.
