Forex is a very powerful means of generating money, for people who understand it. While typically being safer than the stock market on Wall Street, the Forex market is still unstable and dangerous. It is simply harder to predict whether a currency will go up or down in value. If for some reason, a hidden diamond mine in Arkansas was discovered, uncovering $100,000,000,000,000 (one hundred trillion) or more worth of diamonds…not only would the diamond market get a boost, but the US dollar would be likely to rise in value as well. Notice that I said would be “likely”, meaning that it very well may not.

If you understand how the Forex market works and understand the risks involved as well, I say go for it. What’s the worst that could happen?…besides losing all of your money? Then again, you could make millions of dollars in a single week. You never know until you try. Before you try, learn how it works though.


I don’t trade in the Forex market because I am very conservative with money, I don’t like investing large amounts of money in a single spot. I don’t put all my eggs in one basket and neither should you, unless that basket is a federally insured C.D. haha. If I learned more about Forex, I am sure I could be successful with it, but that type of thing just isn’t my style, although it may be yours. I enjoy investing in “penny stocks” –stocks that only costs a few cents per share. I don’t make a ton of money from them, but if I buy 200 shares at $0.10, and it raises to $1.00 in 6 months, it means that I made a profit of $180 for doing nothing. (initial investment of $20, 20*10=200)

Monday, August 11th, 2008 at 11:35 pm filed under investments. RSS 2.0 feed. You can leave a response, or trackback