Is Forex worth learning/practicing?

BornShook · 2020-06-04T01:59:58+00:00

Day trading is not the way to go. Your gains will actually be less than if you just held on to the stocks 99% of the time. Also those daytrading courses are mostly bullshit pseudo-science. If you want to go high risk high reward and gamble away your savings, just go all in and start trading options. Day trading is honestly the most retarded form of investing I can think of.

DoubleConversation4 · 2020-06-03T21:06:34+00:00

There are a lot of advertising on the net for Forex - that alone should say something

It's easier to lose money than gain it

FinancialThanks1 · 2020-06-03T20:57:15+00:00

There are better ways to spend 2k

Cum_Victor · 2020-06-03T21:03:12+00:00

No - its only 2k, park in a High Yield Savings acct tbh. If it was 20k, Id say open an IRA if you havent already, but 2k isn't that much. Keep it liquid and safe.

KingGerbz · 2020-06-03T21:17:06+00:00

Do you see yourself doing that? Enjoying learning about forex? One is my best friends is super into it and stays up from midnight til morning since that’s when certain markets are open.

Me on the other hand couldn’t give two shits about forex. I’d rather save money to begin my own business. The best way to master something is to have a burning passion for it

Domebeers · 2020-06-03T21:29:30+00:00

You should save up 10K to invest before you start investing

Forex trading is for people with some insight and with large brass balls. And 2k, imo, is not enough dough to be playing with.

OrzhovPalatine · 2020-06-03T21:39:19+00:00

Get a index fund. It's not sexy and is slow but reliable

2020-06-04T10:14:05+00:00

Forex is just like betting only red/black on roulette. You might think you will break even long term, which then would only be a waste of time but no, because there is the 0. In Forex the 0 is the fees. And just like in casinos, there will always be stoopids thinking they can win.

gyropitaolives · 2020-06-04T12:14:39+00:00

Forex is a zero sum game, some people say negative sum game due to commissions. In order for you to win, others have to lose. So you need to actually beat people far more skilled than you to earn money.

In contrast with stock. Companies produce actual value. You can invest in stock and you can reap the rewards of that extra value without having to screw someone over.

clickherebaby · 2020-06-04T15:22:15+00:00

If you see social medias saturated to bloody hell woth ads of what youre trying to do (dropshipping, digital marketing, and now forex) its not worth it.

No one in this world is going to give you their bread and butter. This whole "give it away for free and watch your roi grow" is being more and more played out and contrived.

DatRiggz · 2020-06-10T02:46:27+00:00

If you only have 2k the only reliable investment is drugs.

Gtrplyr3838 · 2020-06-03T21:35:55+00:00

Forex is a sucker’s game. Don’t do it. You don’t have enough to really trade. You need 25k minimum to day trade or you get hit with the 3 day wash rule. Just put in index funds for now, but even now is dicey. The market is going up on nothing other than FOMO.

Title	Is Forex worth learning/practicing?
Author	BigBrainStonker
Upvotes	2
Comments	22
Date	June 3, 2020 8:55 PM UTC (6 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/gw2fw5/is_forex_worth_learningpracticing/
Archive Link	https://theredarchive.com/r/askTRP/is-forex-worth-learningpracticing.671512 https://theredarchive.com/post/671512

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