Should You Be Trading Forex?
This is a big question, because people these days are looking for alternatives to traditional investing and are exploring beyond what they may have felt comfortable with before.
The truth is, in 2017 there really is no “comfortable” anymore. We have seen so much upheaval (“disruption” is the fashionable term for it these days) in what we thought were safe and traditional markets. Oil was considered safe as can be for decades on end, and we saw a massive reversal two years ago which has not been recovered from, and many think will continue to deteriorate. Real estate and even gold can look like roller coasters at times with so many changes and so much volatility.
There is definitely money to be made in any and all markets; the important thing is to know your own particular market and its strengths and weaknesses, and pick and investment strategy you are comfortable with. Uncertainty is the one thing that can kill a potential investor before he or she even gets out the gate.
Granted, forex is not something you just jump into with no preparation. You should be regularly reading sites like Forex News, for example. It’s very important to keep abreast of current trends and developments in this game, and develop your own personal intuition which all successful traders claim as the secret for their success.
If you’re on the fence about whether forex is right for you, here is a quick list of facts about forex that will help you make up your mind. The main things to keep in mind are that forex is not like other traditional markets which are full of rules and regulations. It means there are a lot less barriers to making a healthy profit, but also a lot more risk involved if a transaction doesn’t go your way. It has almost a kind of “wild west” feel compared to other forms of investing, and is definitely not for the faint of heart.
One big point in forex’s favor is that it’s the most liquid form of investment there is, considering the nature of what you are investing in. These days, for example, real estate is actually losing popularity with investors, especially younger ones, as people are realizing that to an extent, real estate ties you down to the physical location of it.
In the end, forex is definitely a viable option for would-be intrepid investors, and deserves a first and second look for anybody who is serious about it.