Getting Rich by Magic: Learn to save & earn money easily, achieve asset goals, get intelligent investments stocks & finances, the best strategies - index funds & equity trading

By Simone Janson

What the 3rd edition brings you: You support climate protection, quickly recive compact information and checklists from experts (overview and press reviews in the book preview) as well as advice proven in practice, which leads to success step by step - also thanks to add-on.
Because earning money virtually on the side without having to do much for it is the old dream of many people. But what at first sight sounds like a beautiful illusion, can become quite true. Passive income is the magic word, after all only those who let their money work for them can become real. But unfortunately, very few people are really familiar with the subject of investing money and there are as many opinions about the right financial planning as there are experts. So if you want to earn money on the side, you would do well not to lose track in the jungle of financial products between stock trading with single stocks, ETF and index funds, gold, real estate, etc. Therefore, it makes sense to take a closer look at one's own asset planning, after all, savings and thus the retirement provisions that are important for retirement are only destroyed by inflation.
We give you the best possible help on the topics of career, finance, management, personnel work and life assistance. For this purpose, we gather in each book the best experts in their field as authors - detailed biographies in the book - , who give a comprehensive overview of the topic and additionally offer you success planner workbooks in printed form.
Our guidebooks are aimed primarily at beginners. Readers who are looking for more in-depth information can get it for free as an add-on with individual content in German and English as desired. This concept is made possible by a particularly efficient, innovative digital process and Deep Learning, AI systems that use neural networks in translation.
Moreover, we give at least 5 percent of our proceeds from book sales to social and sustainable projects. For example, we endow scholarships or support innovative ideas as well as climate protection initiatives and in some cases also receive government funding for this. With our translations from German into English we improve the quality of neural machine learning and thus contribute to international understanding. You can find out more on the website of our Berufebilder Yourweb Institute.
Publisher Simone Janson is also a bestselling author as well as one of the 10 most important German bloggers according to the Blogger-Relevance-Index, furthermore she was a columnist and author of renowned media such as WELT, Wirtschaftswoche or ZEIT - more about her in Wikipedia.

• Language: English
• Publisher: Best of HR – Berufebilder.de®
• Release date: Feb 7, 2023
• ISBN: 9783965962538

Book preview

Imprint

The German National Library lists this publication in the Deutsche Nationalbibliografie; Detailed bibliographic data are available on the Internet at https://dnb.dnb.de.

ISBN of the German eBook edition: 9783965962521

ISBN of the English eBook edition: 9783965962538

German website of the publisher: https://berufebilder.de

English website of the publisher: https://best-of-hr.com

Getting Rich by Magic

3rd edition, 07.02.2023

©2023 Publisher Simone Janson | Best of HR Berufebilder.de®

Duesseldorf, Germany

Concept, editing, graphic design & layout: Simone Janson

Cover design with Canva

eMail: [e-mail]

We give you the information you really need and are committed to a better and ecological working world. As Publishing Company Best of HR - Berufebilder.de® with a Unique Book Concept and eCourses, we offer over 20 Years of Experience in Corporate Publishing - with Clients such as Samsung, Otto, Government Institutions. Publisher Simone Janson also heads the Institut Berufebilder Yourweb, which awards scholarships, among other things, and was one of the top 20 German bloggers, referenced in ARD, ZEIT, WELT, Wikipedia.

Although every precaution has been taken in the preparation of this book, the publisher assumes no responsibility for errors or omissions or for damages resulting from the use of the information contained herein.

All books of the publishing house Simone Janson | Best of HR - Berufebilder.de® are published in German and English. Please read the notes on translation at the end of the book.

All works of the publishing house Simone Janson | Best of HR - Berufebilder.de®, including their parts, are protected by copyright. Any use outside the narrow limits of the copyright law is not permitted without the consent of the publisher and the author. This applies in particular to the electronic or other reproduction, translation, distribution and making publicly available.

Introduction: How this book supports you

Dear readers,

We are pleased that you have purchased the 3rd edition of this book and want to use it to help you find information and solve your specific problem - just like thousands of other readers before you.

Add-on, press reviews and customer feedback

Part of your book purchase are therefore also add-ons, working materials that you as a reader can download free of charge from https://best-of-hr.com/academy/ You can find out how to do this by reading on.

The FAZ, one of Germany's most well-known newspapers, certifies one of our titles Good tips, otherwise our work has been published by newspapers or specialist media such as ZEIT, Süddeutsche, personal magazine or Human Resources Management positive and customers like that Press and information office of the German federal government show gratitude. More reviews and information on free review copies can be found at https://best-of-hr.com/press/.

Content of the book

What this book can do for you: You support certified climate protection projects, quickly receive compact information and checklists from experts (overview in the table of contents) as well as advice that has been tried and tested in practice and that leads step by step to success, also thanks to add-on. Because making money on the side without having to do much is the old dream of many people. But what sounds like a nice illusion at first glance can certainly come true. Passive income is the magic word, after all, only those who let their money work for them can really become real. Unfortunately, very few people are really familiar with the topic of investment and there are as many opinions as there are experts about the right financial planning. So if you want to earn money on the side, it is good not to lose sight of the overview in the jungle of financial products between equity trading with individual stocks, ETF and index funds, gold, real estate, etc. Therefore, it makes sense to deal with your own wealth planning in more detail, after all, savings and thus the retirement savings that are important for your pension will only be destroyed by inflation.

In addition, our unique publishing concept offers you many best practice tips and examples from successful managers, entrepreneurs and other exciting personalities.

Structure of the book

Various, possibly contradictory, facts of the topic are dealt with very deliberately. This enables you as a reader to examine and reflect on the various pros and cons aspects of the topic and to weigh them up in the event of a decision.

The clear structure and our special, very detailed table of contents will help you to find the information you require quickly and according to your needs and to put it directly into practice.

Information as desired and additional material to the book!

Under the motto Information as desired we will compile exactly the information you were looking for. The book also includes, for example, an eCourse with worksheet for working through, which you as a reader can obtain free of charge from our academy at https://best-of-hr.com/en/academy/. You can find out how to do this in the final part of the book.

Each book you can also purchase as a member https://best-of-hr.com/en/member/ with a 20 percent discount as a member edition directly on Best of HR - Berufebilder.de®. You can find all our book titles under https://best-of-hr.com/en/publisher/. The registration takes place under https://best-of-hr.com/en/member/.

In addition to the membership discount, as a Premium Member you will even receive a flat rate for one year with all learning materials, downloads and premium content on our website for free.

Personal eBooks and eCourses

You want an individual eBook topic or an eCourse on a special topic? You can also find this in our publishing house under https://best-of-hr.com/en/publisher/.

In the academy of Best of HR - Berufebilder.de® you find in addition eMail courses with individual setting of tasks, personal support and certificate.

Earn money with currency trading and exchange rate fluctuations [Introduction]

// By Dennis Metz

Since there has been money, there has also been a need to exchange money of different origins (i.e. currencies) for one another. But the currency market has only existed in this form for a few years. A few basics.

History and current development of the foreign exchange market

Life without money is inconceivable today because it fulfills a multitude of functions: it is a recognized medium of exchange, a computing unit with which goods and services can be compared, and a means of storing value.

Before money took on its current form, it had gone through several thousand years of development. The first means of payment dates from around 4500 BC. At that time silver was used as a means of payment. The first price lists were probably around 1500 v. BC used. Coins first appeared in the seventh century BC BC. In contrast to today's scraps, the precious metal content of the currency coins at that time corresponded to their face value. Paper money was probably invented in China in the ninth century, but it has only been used in Europe for around 300 years.

The origins of the foreign exchange market

The foreign exchange market as it exists today has only existed in this form for a few years. Until not long ago, foreign exchange was traded in fixed relationships, which means that there was a fixed exchange relationship between two currencies. Flexible exchange rates, as are common today between the largest and most important currencies, have only been around for a few years.

The recent history of currency trading has its origins in the gold standard. This existed with a brief interruption between the two world wars from around 1880 to 1939. In the gold standard system, a currency was secured by gold holdings. A bill represented a claim to a certain amount of gold. This exchange ratio between money and gold was constant. Since the price of gold is more or less identical around the world, there were also fixed exchange rates between the individual currencies.

The problem with the gold standards

The gold standard system collapsed during World War II as a result of uncovered increases in funds. The banks issuing banknotes no