Never Trying Or Failing, which is Worse?

Philippines
December 14, 2012 4:44am CST
Should I attempt an investment that has a high probability of failure? I'm talking about Forex. Will there be benefits if I fail? If you fail on something, do you think you wasted your time? But if I never try, I will not know. I'm confused...
1 person likes this
3 responses
@ARIES1973 (11426)
• Legaspi, Philippines
14 Dec 12
Hi friend! I know that most of us came online in order to find a source of income that will help us in our daily living. We want bigger income if possible so we are looking for possibilities. However, the risk is always there. The lesser our knowledge on anything, the bigger the risk. I know that investing in forex can bring us considerable amount of income, based on some reviews and sharing. However, if our knowledge about this thing is very limited, most likely, the chances of failing is bigger as compare if we more knowledgeable on the matter. So, I would suggest that if you want to concentrate on this field, make a thorough research before entering in this kind of investment. Another suggestion, there are ways which we could earn considerable amount even without investing that much. Hope this helps.
• Philippines
14 Dec 12
Thank you Aries1973! I've been thinking about this a lot lately and I will not deny that I'm tempted to invest because of the videos that I have seen. Extensive research is really hard to do especially when your schedule is so full.
1 person likes this
@ARIES1973 (11426)
• Legaspi, Philippines
14 Dec 12
Thank you for appreciating my response. I am also working online in order to have some additional income. There is a risk in trying out new things and we know that. So what we gonna do to minimize the risk? To learn more about the thing. I am also planning to invest in forex however I am trying to study about it because I will investing my hard earned money and I don't want that it will just gone to nothing because of my carelessness.
• Philippines
15 Dec 12
No. You should always bank on an investment where you can guarantee a measure of profit minus all the taxes. You should also consider the length of time you are investing your money. Will you be in it on a long term or short term basis. Foreign Exchange is like the stock exchange---buy low then sell high. The thing is, you should look into the history of the price movement for you to know when to sell. My advise is you should do your research first before investing.
@mbud80 (115)
• Indonesia
14 Dec 12
Fail is fail. The worse about that if we don't learn anything from that. Fail became have a value or benefit if you can learn from that and gain advantage in the next