Hi all. I have someone trying to get me into Forex. I really don’t know anything about it. Can someone tell me if it is worth looking at? Or can you give me the readers digest version of how Forex works? Thanks
yes just don't do itHi all. I have someone trying to get me into Forex. I really don’t know anything about it. Can someone tell me if it is worth looking at? Or can you give me the readers digest version of how Forex works? Thanks
The Big Banks that make money from Forex trading really make money from running orders for their clients. This is especially true over the last ten years as the Forex market has become more transparent.If you did it tell us how it went. Predicting currencies requires that you can predict almost every other financial product at the same time. And trading forex successfully as an individual I think is a 0 sum game over time. Most currency exchange is for hedging purposes and theoretically someone should be getting paid to take the risk, but there is enough volume of business that the efficiency of matching offsetting positions means there is very little profit left in between.