Forex? too scary?

Question

I wanna really know if playing with Forex is too risky? I've took the training course but have no experience in real world with this kind of trade? anybody has a feeling about the risk of this business?
Thanks

Answer 1

trading in the foreign exchange is most of the time rather simple and plain sailing, however it can be risky if you are looking for big profits, I suggest you read as much on the subject and find good articles before doing it, one free resource site I particularly like is this :

http://umgarticles.atspace.com/forex-trading.htm

Answer 2

No, it is not too scary. It is that the major markets are very "fickle" and unpredictable. It means that if the President of Iran sneezes toward North Korea, immediate dips are seen in the Japanese Yen, the American Dollar, the Australian Dollar and the Ukrainian Grivnia. Unless you are going to sit there and babysit and listen to everything that goes on in the world, it is just too volatile and that leaves you with very little control over what happens to your money.
If you like to play predictions anyway and are far more interested in long-term trends, then options are the way to go. The margin requirements are high and there is some risk involved but not nearly as much as day-trading currencies.
Best of luck to you!

Answer 3

It is risky and scary if you don't get educated first, then implement a trading system, complete with financial management, risk management and emotion management.

Start small.

Answer 4

Here is your risk table:
Cash
Money Market
Bonds
Junk Bonds
ETFs
REITs
Mutual Funds
Stocks
Options
Futures
Forex

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