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It is impossible for something to be simultaneously a good currency, AND a good investment. If that were true the forex market wouldn't exist.
by zzalpha 12y ago
It is impossible for something to be simultaneously a good currency, AND a good investment.
If that were true the forex market wouldn't exist.
- TylerE 12y agoForex is generally not a good investment. Sure, some people get lucky and have hot streaks, but it's very very tough, even with high frequency trading.
- zzalpha 12y agoAnd yet forex is literally the highest liquidity market on the planet, plenty of which is speculative trading... go figure.
- TylerE 12y agoYes. Its liquid bexaus huge multinationals will a arbitrage $1,000,0000 to profit a few bucks. That isn't investment. It's day trading.
- ufmace 12y agoI'm not a finance expert or anything, but I don't think the forex market is really meant for long-term investment with continual profits. From what I've heard, it's more for stuff like making it possible for companies that deal with multiple currencies to manage and put a specific price on the risk of relative value fluctuations.
- deleted 12y ago[deleted]
- m3rc 12y agoForex makes money off of bad currencies. Sure currencies fluctuate, but always to their detriment.