I know some people who invest in currency and make money from it due to appreciation and depreciation to other currencies. Could someone please point me in the right direction to get started or to someone who can?|||Be careful of friends saying they're making money in currency investing. They could be in the market only six months %26amp; consider themselves a trader genesis. Being on the right side of a trade can be easy for a short period of time.... doing so year after year..... is something else entirely.
Two questions to ask them;
Do you trade currency (Forex) for short periods of time or invest for long periods?
How long have you been doing this?
Once you get the answer.... ask the question again.... being more specific.
What ever your answers...... this is a very dangerous area of trading or investing. As hard as stock investing or trading is.... doing currencies (profitably) is much harder.
There are many books on trading and trading currencies. Take a year or more and learn this stuff before you open a brokerage account.
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