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ALGER

How to Invest in Forex ?

By ALGER, in Trading Products and Services

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ALGER    10

ALGER
Posted

Whether you have $20 or $200,000 to invest, the objective is the same: to make your money grow. The means, however, vary dramatically based on your investing style and how much money you have to work with. If you invest effectively enough, you could conceivably live off the earnings from your investments!

1. Build your emergency fund. If you don't have such an account already, it's a good idea to focus your efforts on setting aside three to six months' worth of living expenses just in case — hence, an "emergency fund." This is not money that should be invested; it should be kept readily accessible and safe from swings in the market. You can split your extra money every month, sending part of it to your emergency fund and part of it to your investments.

Don't tie up all of your extra money in investments, unless you have a financial safety net in place; anything can go wrong (a job loss, injury, illness) and failing to prepare for that possibility is irresponsible.

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