Is Forex safe to earn a few buck for life
By somupriti
@somupriti (353)
October 26, 2012 1:31am CST
Most of the time I am reading and hearing about the fact that Forex is one of the easiest and lucrative way to earn huge amount of money in a shortest time and that is with less effort. But I am not sure whether it is safe as it is connected to trading market which is highly volatile and fluctuating. So any idea about the safest feature of Forex which can make people to believe that this can be a way to success in life.
1 person likes this
3 responses
@topffer (42155)
• France
29 Oct 12
In the medium or long term, Forex can be a way to earn a few bucks, as downward and upward trends can be more easily guessed on a period of several months or a couple of years, but it will always be less safe than to buy bonds and get the dividends. In the short term it is as safe as gambling in a casino, and less interesting, because money earned in a casino is generally tax-exempt and not money earned on Forex
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@ARIES1973 (11944)
• Legaspi, Philippines
27 Oct 12
Hi somupriti! Investing in forex is known to be as a form of investment which offers the highest return. But it is not really easy dealing on with it. It requires a lot of studies. As of now, I am also studying how this kind of investment works and how it could bring success.
Personally, I would not start on something, especially on something which required investment without studying much about it.
@wfhchristiner (352)
• Canada
26 Oct 12
I don't think Forex is the safest way. Forex fluctuates a lot. So you can make money quickly and loose quickly as well. I would not suggest playing Forex unless you have been in a Treasury job before.
