Will people make money investing in other currencies that have a lower exchange

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  1. Kadi2428 profile image61
    Kadi2428posted 12 years ago

    Will people make money investing in other currencies that have a lower exchange rate?

  2. smithroyal78 profile image61
    smithroyal78posted 12 years ago

    Yes it is possible.But you need to be careful and follow every development around you and trade the job.

  3. Bretsuki profile image68
    Bretsukiposted 12 years ago

    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.

  4. profile image48
    rachael123posted 12 years ago

    Will people make money investing in other currencies that have a lower exchange rate?


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