You are using an outdated browser. Upgrade your browser today or install Google Chrome Frame to better experience this site. Having problems logging in? But they could be missing a chance to profit from the most liquid market around — the currency market. Daily turnover is about ten times that of global equity markets — and very liquid, so deals of all sizes and in virtually all currencies can be done quickly and easily. Sure, it is not for widows or orphans. But the basics can be mastered quickly, especially since spread betting has opened the market up to retail investors, making it more accessible than ever. Stock markets around the world can all fall at the same time, but because currencies are valued relative to one another, if one weakens then another must get stronger. That means there is always money to be made. First off, you place currency bets in pairs. Spread betting firms, such as IG Index and Capital Spreads, will allow you to do so. Choose a currency pair, say sterling GBP against the US dollar USD. You buy it if you think the pound will rise strengthenand sell it if you think the pound will drop weaken. The key point to note is that when you ask to buy or sell, your instruction refers to the currency on the left of the quote. You then decide how much to bet per point a point represents the last digit in a standard quote. If sterling strengthens you might close your position by selling the same pair, now quoted at 1. If, of course, sterling had weakened, you would have lost money. Unlike stock exchanges, forex is a hour market, so you can trade at any time, unlike with stocks which can only be traded during market hours. Trading individual currencies also requires a decent knowledge of the factors that could influence forex rates, so currencies can also give you a way to play changes in sentiment driven by moneyweek macroeconomic moves. So if you have a view on interest rates which differs from market expectations, you can profit from that by betting on the currency markets. There are of course a host of other factors that will move currencies, such as data on government debt, economic growth and inflation among others. John Stepek 29 Comments. Merryn Somerset Webb 17 Comments. John Stepek 12 Comments. Dominic Frisby 11 Comments. Registered in England with company no. GB MoneyWeek and Money Morning are registered trade marks. Inheritance tax hits many unsuspecting families. The election of Donald Trump was a watershed moment for the US economy. The report also analyses key assets, including property, oil and the countries whose stock markets currently offer the most value. Money Morning email Latest issue Subscribe. 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The Kids' Portfolio is a simple collection of four funds intended to be tucked away for 20 to 40 years. In this topsy-turvy post-election world, all political assumptions made before 8 June have been consigned to the dustbin of history. It's time for a rethink, writes John Stepek. HOW TO INVEST IN GOLD. Everyone should have some gold moneyweek their portfolio — if only for insurance. But how do you get hold of it? Here's how, with our ' Beginner's Guide to Investing in Gold '. Dr Matthew Partridge How to keep your money safe: John Stepek 29 Comments Why we should pay for our own social care By: Merryn Somerset Webb 17 Comments Can Labour win the election, and what happens if it does? John Stepek 12 Comments What would happen to the pound if the Tories lose the general election? Asleep at the wheel What May's miscalculation means for your money Is Ruth Davidson the next leader of the Tories? 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But how can you solve differences that run deeper, short of a retirement trip to Reno for a quickie divorce.
Then as now, a critical war divided and unsettled our nation.