Forex trading is a very complicated industry, but you cannot argue with its advantages. I’ve heard a few times that it is just as much of a gambling game as a racing game. So let me give you a simple answer.
No, a little bit of forex trading, and with very high risk tolerance, can not only help you save money but also make yourself more profitable in the long run.
Why is it worthwhile?
To give you some of the reasoning behind the idea of forex trading, I will quote John Bogle in an amazing post for his annual financial newsletter “The Vanguard Affiliate Program”:
“We live in a world of complex financial markets, so it’s no wonder that some of us have difficulty understanding the nuances of how the markets work. Forex trading allows you to learn faster, more simply, and often more effectively than by studying financial markets. You also gain greater insight into the mechanics of investing — the process of buying and selling that is critical to successful investing.”
In a nutshell Forex trading is:
Buy and sell equities in a portfolio, in which there are several equities at different levels of prices. Buy and sell securities for your portfolio. In this sense, it is a two-way street with buy and sell.
How and when to start?
Now I’m not saying that you have to start forex trading immediately to reap the advantages. I know it can be difficult to make decisions on your financials in advance, especially when you are not sure what you will want to do with your investments. However, I would recommend waiting until the right time – that is why, at times, I do not recommend forex trading for people that lack financial knowledge.
If you want to start trading with a good plan, which involves doing your risk analysis, and make a good decision as you move along, don’t hesitate to reach for a trading account.
You will surely become much more profitable in the coming seasons.
How can I become a certified financial advisor or trading broker?
Becoming a Certified Financial Advisor or Trading Broker requires you to pass a test on the US securities markets by the Securities & Exchange Commission. This way you can start to work, at the moment, as a broker, which is a type of trading firm in certain ways.
But how about investing money with a broker? How can they even get my money for the fees? I don’t
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