Will people make money investing in other currencies that have a lower exchange rate?
Yes it is possible.But you need to be careful and follow every development around you and trade the job.
Hello, Foreign Exchange (ForEx) is not a good investment for a general investor, in my opinion.
You need to have very detailed knowledge of the currencies that you wish to deal in.
Though it is touted as a money making opportunity, the only real money to be made is by the ForEx brokers, who sell you their products.
Given that most currencies are very volatile even in good times, taking a chance on ForEx markets is more akin to gambling if you are not expert in the currency you are dealing with.
There are better and safer forms of investment out there. Just because you think something looks cheap, doesn't mean that it is a good investment.
Will people make money investing in other currencies that have a lower exchange rate?
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by young inv 15 years ago
Hello everyone , im 18 and am learning to be a carpenter in my second year , I have recently become interested in investing money i have saved into something , i come up with theories at work about why such and such is a great place to invest my money , but before i take a leap , i need to know...
by irenev17 14 years ago
mean buying stock in a band or writer, photographer, even a filmmaker. Not in the traditional 'fund-raiser' sense, but actual shares of digital media.
by Shil1978 11 years ago
What is forex trading?
by Ben Evans 13 years ago
Many people may think that I am a gold and silver bear (looking for price to go down). I am not and both gold and silver could keep going up.The problem is there is a lot of risk right now in precious metals and the market could drop precipitously in a wink. I hear a lot of people talk...
by alexd181 14 years ago
I'm looking for some advice from anyone who has done investing or personal finance planning before. If you had a 5-figure sum of money and wanted to grow that amount into more what would be the best way to utilize it? Investments seem very risky, especially for someone who knows little about the...
by Daddy Paul 13 years ago
What would make a good investment hub? I am running out of ideas.
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