Archive for November, 2009

How to earn money by exchanging currencies (Currency Exchange)

Thursday, November 26th, 2009

Foreign exchange is one of the good ways to invest your money. You can make money due to fluctuations (rise and fall) of a certain currency values. For example, say you have 20,000 pesos to invest. It will be enough for it to grow if you like to invest it in currencies.

Actually you may not need a FOREX (Foreign Exchange) account to start earning money from currencies. All you need is your money , a currency exchange center (banks or in the malls) and some accurate currency exchange tracking system for which you can find one in the internet.

Let me tell you how you can possibly make money by exchanging currencies. A good site where you can get some data is: http://www.exchange-rates.org/ and you can find the exchange rate chart of US dollar vs. Philippine pesos here: http://www.exchange-rates.org/history/PHP/USD/G/30 (more…)

How to invest money in Philippines stock market

Wednesday, November 25th, 2009

Ever wonder how to invest money in stocks? Investing money in stocks is classified as a “high risk investment”, this means even though you can get a pretty impressive return ( even 1000 times the average time deposit or government bonds rate of return), you risk of losing money.

And this is a type of investment where you really need the time and attention in making timely decisions and keeping track of your investments. This is unlike other investments where they promised “guaranteed return” such as government securities or notes, and then you can forget it and then come back on the maturity date.

In stocks, there is no such thing as “guaranteed return”. Careful analysis of stock investments can let you spot very good and promising stocks and while careless financial decisions can make you lose your money.

In Philippines, trading is done via Philippines Stock Exchange. The trading method is very familiar with the trading in the United States or other countries. Below is a short guide in how to get started in investing money in stocks particularly if you live in the Philippines:

Step 1: Start with a decent capital. You do not millions or even in the range of hundred thousands. Even starting with 10,000 to 30,000 pesos range is highly recommended for starters. (more…)