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Thread: is forex just for rich guys?

  1. is forex just for rich guys?

    i'm currently trying to learn forex yet i can't concentrate much of the lessons because i kept thinking how's my site's traffic.

    is forex just for those guys that are stable enough that they don't worry anything else?


  2. #2
    I think that trading currencies is best avoided for the average person. I don't see the point when you can trade stocks or spread bet.

    If you have a need to transfer money between countries then it makes sense to keep your eye on the moving exchange rates and where they may be headed. But bear in mind that money is just digits stored on digital media now (or printed numbers on pieces of paper or bits of cheap metal) since it's not backed by gold reserves anymore. I hope your lessons are teaching you about what constitutes wealth.

  3. #3
    For right now, I want lots and lots and lots of those printed papers.
    LOL

  4. Quote Originally Posted by Andy101 View Post
    I think that trading currencies is best avoided for the average person. I don't see the point when you can trade stocks or spread bet.
    If you have a need to transfer money between countries then it makes sense to keep your eye on the moving exchange rates and where they may be headed. But bear in mind that money is just digits stored on digital media now (or printed numbers on pieces of paper or bits of cheap metal) since it's not backed by gold reserves anymore. I hope your lessons are teaching you about what constitutes wealth.
    do you mean its not enough that we're earning from adsense in USD and need to cash it out in another currency like JPY?


  5. #5
    A guy offered me to give me 3 times more on my investment after 3 months. Then he also promised me to keep on giving me those 3 times return for another 6 months. I only had to invest $450. I was not sure what to do. Should I have done it?
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  6. #6
    Join Date
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    Quote Originally Posted by digitalservice View Post
    A guy offered me to give me 3 times more on my investment after 3 months. Then he also promised me to keep on giving me those 3 times return for another 6 months. I only had to invest $450. I was not sure what to do. Should I have done it?
    He wasn't a Nigerian prince was he? :P
    Last edited by sam; 25 June, 2011 at 07:07 AM.

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