Can I trust forex trading? What is the value of forex trading?

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Analyze how the market moves and take notes.

likesmart

I’ve been working on a desk that deals with FX and FX derivs for almost a year and I would probably not use my own money to bet on it... spot and outrights don’t yield very much, and options require quite a nuanced knowledge of the market. Please don’t waste your money. Invest in ETFs or play around with SPX options if you’d like.

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Making bets with your money is risky enough already. With Forex you have no idea how the markets are going to move unless you have alot of friends in central banks. Experienced traders might have some tips or tricks but I wouldn't recommend starting with a lot of money if you have no experience. But also, if you are good at macro economics and have a good idea about how certain economies are doing, it might be a good idea to look into currency derivatives but again I wouldn't recommend making bets if you're inexperienced. In my opinion, the stuff the teach you in international finance at school isn't very helpful in the real world.

likesmart

Forex trading is genuine

likesmart

PA forex trading gives you a lot of leverage, so it’s an easy way to lose a lot of $$ in a really short amount of time unless you know what you’re doing. It’s damn fun tho. There are some ways to play it safer and longer term if you think there is long term value in some other currency than the currency you earn your income in.

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Afrexi boi

Does anyone know how to trade forex

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