Forex trading
@sweetloveforeve (13116)
Portugal
I was thinking about studying how forex trading works and start earning some money 
Did you ever try to do it? Or do you do it?3 responses
@porwest (112864)
• United States
1 Mar 20
All I will say is that Forex trading is EXTREMELY risky and you really have to know what you are doing in order to get anywhere with it. I have been involved in the stock market for 25+ years and am pretty knowledgeable about the markets and investing in general, and Forex is not something I would touch with a ten foot pole.
1 person likes this
@sweetloveforeve (13116)
• Portugal
1 Mar 20
Yes I know it is risky but nowadays we hear that a lot of people is earning money with it and I was curious. You are involved with markets since more than 25 years so in what would you advise me to invest? Can you give me an advice?
@piyushbhatia1 (11695)
• India
4 Jul 20
@sweetloveforeve the best advice would be to find an area of investing that is intrepretable. If things are complicated it is better to stay away.
1 person likes this
@porwest (112864)
• United States
9 Jul 20
@piyushbhatia1 I am not sure it is best to stay away from complex investing, but better to be well versed in the complexity if it IS complex, if you catch my drift. Knowledge is the key to successful investing. Having good intuition helps a bit as well.
@piyushbhatia1 (11695)
• India
4 Jul 20
The foreign exchange i.e. forex in short is a market where currencies are bought and sold. Some currencies are more stable than the others. If the economic condition of an economy deteriorates then the currency can lose its value. On the other hand it is subject to manipulation by the issuing cou try itself.
1 person likes this
@sweetloveforeve (13116)
• Portugal
8 Mar 21
Because of the risk I didn't try to do it yet. I guess that if we want to try it we need to be mentally prepared for the possibility of earning but also losing a big amount of money.
