2007-04-28 05:13:00 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
Evidently, looking at the answers that you have received so far, it is because not many people understand Forex.
It can be risky, if you choose to make risky, un-educated decisions. You do not need $250,000 to be successful in the Forex market......but you are not going to get rich on $250 either.
I recommend to my clients that an effective starting balance is between $2000 and $10,000.
There are conservative stratgies that can be utilized in the Forex market place that can consistently provide you with monthly returns exceeding what a bank would pay you in a year!
2007-04-28 07:50:37 · answer #1 · answered by Anonymous · 1⤊ 0⤋
A main reason Forex is not that well respected by people is that is has not been available for the long to the general public. As a matter of fact is has only been around for the general public since 1998. It is greatly misunderstood as a trade to the average person and even misunderstood as an investment to the very people that trade it.
The great thing about the forex is that it will never zero out. I find that stocks are much riskier because of the here today gone tomorrow factor, whereas with Forex that factor is virtually impossible. Those that say forex is risky or BS obviously do not have a firm grasp on the investment aspect of the market.
Risk many times is determined by the level of control one has. Forex is a place that allows for the individual to carry the most control. There definitely is a learning curve but it can even be done by "dumbos".
Last but not least, unlike stocks and other investments out there, if you get with the right brokers, your profits are not shared with the IRS. Yes this gives you even more control.
Check out http://www.yourforexinvestor.com and
http://www.babypips.com
Sincerely,
Brandon Wells
2007-05-01 13:13:11 · answer #2 · answered by yourforexinvestor 2 · 0⤊ 0⤋
It is very risky, needs a lot of brains and the average person is a dumbo.
2007-04-28 05:25:20 · answer #3 · answered by Anonymous · 1⤊ 1⤋
It is risky. You are playing with your money. It doesn't guarantee that you can earn profits from it. It still depends on your luck.
2007-04-28 05:24:55 · answer #4 · answered by FLY 1 · 0⤊ 1⤋
why is people not familiar with forex?
2007-04-28 05:16:28 · answer #5 · answered by Prof. Virgo 3 · 0⤊ 3⤋
Because you need at least $250,000.00 USD and most people don't have $2,500.00 USD in their bank accounts.
2007-04-28 05:45:15 · answer #6 · answered by Anonymous · 0⤊ 4⤋
Haha, you ask funny questions!!!!75
2007-04-28 05:56:36 · answer #7 · answered by thuandungggg 1 · 0⤊ 3⤋
Probably because we never heard of it.
.
2007-04-28 05:15:49 · answer #8 · answered by Debi in LA 5 · 0⤊ 3⤋
ITS BS
2007-04-28 05:15:29 · answer #9 · answered by cork 7 · 1⤊ 2⤋