Trading And Other Opportunities Of Getting Additional Income | The Financial Express

Trading And Other Opportunities Of Getting Additional Income

Trading is a great way to get passive income as you can create the content in your free time and let the funds come in over a period of time!

Trading And Other Opportunities Of Getting Additional Income
Trading & additional income

Do you feel like you’re seeking some new opportunities besides your job? If you have some free time and are interested in exploring an extra opportunity, trading could be the right answer for you. In fact, there are several ways to generate an additional income, including trading online, from reliable and transparent platforms.

Here are some ideas: 

Create online tutorials

Often, we may possess a skill that we’re not aware of. Make a list of the areas where you hold the expertise, which could include creative writing, subject-specific knowledge, music, art and craft, website management, a language, etc. How about turning that talent into generating an extra income? There are several websites where you could list your services and get students. You could also create short courses or tutorials and sell them online for a fee. One could also create educational videos and upload them on social media sites and gain a following. This is also a great way to get passive income as you can create the content in your free time and let the funds come in over a period of time!

Start an eCommerce site

Do you have access to unique products that your friends and family have admired over the years? Well, you could turn that into a lucrative business online. By launching your own website, you could market those products to like-minded people. It could be creative fridge magnets, handmade artisanal products, decor items, electronic goods, and more! 

The sky’s the limit for creative pursuits that one can attempt during leisure time. And, if you do it right, it may even earn you some financial security in the long run!

Online trading

This is an ideal option to help tide over rainy days and even contribute towards a retirement corpus or meet life goals such as traveling abroad or putting down a down payment for a house. However, remember to choose a secure platform such as Binomo while moving towards financial security. 

The platform offers training and makes it hassle-free for even novices to monitor and grow their portfolio. Trading requires time and knowledge, but Binomo makes the process user-oriented and seamless. The best part? A demo account makes it possible for users to make virtual transactions on the real market. This helps in gaining risk-free experience in preparation for real trades. The Fixed Time Trading option gives results on a short-term basis involving a 60-second to 60-minute time frame to make a forecast. 

The Binomo trading platform offers four account options: Free, Standard, Gold, and VIP. While the free account is meant for demonstration purposes for potential traders, the standard account is meant for small trades, while the others offer convenience and privileges for larger amounts. The period of withdrawal of funds from one’s account varies based on the account type, while also depending on the payment method used. 

Binomo, present in 133 countries, is a category “A” member of The Financial Commission, which makes it reliable and guarantees transparency in services. The Compensation Fund service provides protection up to €20,000 per case to all the traders. Binomo uses SSL protocol to ensure that all data is encrypted and ensure the safety of transactions. Besides, a 24×7 helpline is available for users in multiple languages, including Hindi. Finally, please remember that trading remains a high-risk activity. 

“Disclaimer: Do not participate in trading of commodities or financial instruments unless you are comfortable with this risk. It is advisable to not invest money you cannot afford to lose.”

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First published on: 22-04-2022 at 18:33 IST