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Isn’t forex kind of a joke to everyone? Hearing your friend got into Forex is about the same as when they get into Amway, Tupperware, DoTerra, or Herbalife …
by Swizec 5y ago
Isn’t forex kind of a joke to everyone?
Hearing your friend got into Forex is about the same as when they get into Amway, Tupperware, DoTerra, or Herbalife …
- deleted 5y ago[deleted]
- whimsicalism 5y agoYes, this is true, but at the same time - there are major institutional players and market makers who do make money off of Forex.
- Swizec 5y agoHey Tupperware makes hella money off Tupperware too! Reusing your customers as your sales force, marketing, and distribution channel is hugely profitable.
- sien 5y agoGeorge Soros would like a word. https://en.wikipedia.org/wiki/Black_Wednesday https://en.wikipedia.org/wiki/Black_Wednesday
- qaq 5y agoThe fact that you can name notable exceptions is only reinforces the general rule
- sien 5y agoIt's a 6 trillion dollar a day market. https://en.wikipedia.org/wiki/Foreign_exchange_market https://en.wikipedia.org/wiki/Foreign_exchange_market
- qaq 5y agospeculation is fairly small portion of that market. Companies hedging exposure or just moving money around is the primary driver of volume.