SOMEONE RECENTLY ASKED ME TO INVEST MONEY IN FORREX TRADING. WHAT EXACTLY IS THIS?

Other investments with low risks. Foreign banking trading. Bonds.
How does forex work? Are mutual supports the great investment for the amateur similar to myself?

{ 5 comments… read them below or add one }

Press C June 20, 2010 at 10:44 am

FOR-eign EX-change. Buying and selling currencies.

Common Sense June 20, 2010 at 11:21 am

Forex (FX) is the buying and selling of currency pairs. The general public has been inundated the last couple of years with the allure of quick riches. Nothing can be further from the truth.

96% of all new investors in FX lose their accounts in the first three months. It takes years to learn this skill… if at all.

You’re looking for low risk. What does that mean? Are you willing to lose 5%, 10% 15% of your investment in a year? More?

Low risk might be a Short Term Bond Fund, your risk could be around 3% – 5% (at the extreame). Any medium, or long term bond fund might be hit badly as interest rates increase, so be very careful.

Solution?????
Read some Books! Start with;
Mutual Funds For Dummy’s
Investing For Dummy’s

Good luck!

Joshua June 20, 2010 at 12:01 pm

Forex trading is fantastic for high returns; the above pretty much covers what it is and what you do. The best way IMO is to buy a Forex trading system ($100 max).

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there’s no profit to be made you get a refund; there’s literally no risk when buying one.

If you’re interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution.com/

Dan S June 20, 2010 at 12:38 pm

don’t invest anywhere,the bubble about to burst,margin calls coming in on wall street and no bank is loaning money.flood victims are selling everything in order to live and rebuild

Boris June 20, 2010 at 1:28 pm

Foreign exchange involves buying and selling different currencies in hopes of making profit from changes in exchange rates. This market is unregulated and its a feading frenzy for sharks marketing to unsuspecting masses. It is absolutely true that about 95% dont survive the first 3 months. Compared to the stock market its the wild west (I trade both). It is definitely not low risk, in fact its prob th highest risk. Also it is not an investment (currencies dont appreciate like a company) it is speculation which is very difficult to do. If you are not a serious trader I would advise against it.

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