Foreign Exchange Account
Foreign Exchange Accounts, also known as forex accounts, can be a great way to earn passive income. Passive income is income earned off of investments. There are many scams involving passive income, so you need to be sure to thoroughly investigate any passive income opportunity before you invest in one.
The world's largest financial market is called the Foreign Exchange, and it is where investors trade not stocks and bonds but currency. It became available in 1998. There are actually over 2 trillion trades posted daily on the forex market. A managed forex account is one in which a licensed trading firm makes trades for its investors. It then collects a percentage of the monthly profits earned on the account. Since the firm does not make any money if the account doesn't collect any money, this gives them additional incentive to make good trades and generate a profit.
A passive investment is one in which you invest your money and then sit back and hopefully watch it grow.
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