Forex Trading

Rahik · #1 January 21, 2011, 09:16 AM

I was looking into Forex lately but haven't taken the plunge. Is it worthwhile to trade on Forex or is it a gamble? I am primarily looking to trade USD and small amounts initially until I have confidence to invest larger sums.

Would appreciate feedback from those already trading on Forex.

view360 · #2 January 21, 2011, 08:26 PM

Try gold or other commodities instead. Forex trade is way too risky these days. Cereal grain is a good area worth your attention.

Rahik · #3 January 22, 2011, 08:53 PM

I read that theres a lot of spoof/fake traders on Forex, is that what you were referring to as being risky?

view360 · #4 January 22, 2011, 09:46 PM

Quote:

Originally Posted by Rahik
I read that theres a lot of spoof/fake traders on Forex, is that what you were referring to as being risky?

Forex market is very volatile . Just have a look at the vectors of all the major Forex. If you have a lot of money , invest in bonds which are naturally guaranteed by the respective governments.