best way to invest money online?


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Ok so finical aid just cut me check for 00 and my books were only like 6 so i have a lot of "free money" (money i did nothing for) setting in the bank… I don’t know what interest rates are these days but it im sure it would take a while to get much of any return… I was wondering what the best way would be to invest it? Say 0 or so…

A friend from high school used to trade currency… can that be a good route…

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4 Responses to “best way to invest money online?”

  • Common Sense says:

    Investing/trading takes time to learn. If you just buy something because you heard it’s good… or you have a "feeling"… you’re not investing… you’re gambling…. the result (statistically) will be poor.

    Also;
    Investing/trading currencies is just about the worst thing you can do without taking months to learn the basics. Like penny stocks… it’s no place for an amateur.

  • Joseph P says:

    Forex.com has a minimum deposit of $500 which can then nbe used to trade currencies, however if you have never done so before, i strongly suggest opening up a practice account and doing a dry run first before you put your money at risk. This is about the only thing you can do since to open an account and trade options you would need a significant amount more of capital.

    Honestly though, unless this financial aid was given to you as a scholarship which doesn’t need to be paid back, or as an interest free loan, the best thing you can do is pay the loan off.

    Good Luck!

  • AnJa26 says:

    How about spending it on something that could add to your resume.

    Like starting your own business as a sideline, something that can create a revenue for life.

    Just a thought, for further details go to:-
    http://students.sitesell.com/anja0.html

  • chanak says:

    currencies are good since they provide leverage, options are also good since you can invest only a small amount and make money. you can also invest in stocks. but it takes time to learn how to trade. some brokers I can recommend which have low costs and good platforms are zecco, options house ($2.95 flat rate for stocks) and trade king. you can also check out my stock trading tutorial at http://www.cheapeststocktradingstrategies.com/
    enjoy!

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