Is FOREX Still Worth It Considering The Current Global Instability?

Discussion in 'Forex - Currencies Forums' started by Taki, May 5, 2015.

  1. Taki

    Taki Active Member

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    Taking a good look at the international situation and just how close we are to another world war, is FOREX still an acceptable risk in the trading world?

    Personally I have divested myself of all my international holdings and moved back into local instruments because I see the USA entering or causing a major crisis in the next couple years. I'm not sure that the other powers on the planet are going to stand for the artificial manipulation of the dollar devaluing their currency for much longer and when SHTF I don't want to be broke because of it.

    Comments, points of view, questions.....
     
  2. JoshPosh

    JoshPosh Guest

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    From what I see it's a sideways market. It was on trend for months up until recently. If you like to day trade and play both bullish and bearish movements, then now would be a good time for you. Just be careful, at this point you don't know where the trend is going and you could lose in the end if you are on the wrong end of the stick.
     
  3. wanderingwildman

    wanderingwildman Well-Known Member

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    I agree with JoshPosh. Maybe, I am biased towards the name, (Josh) :) But, I think that even though things are shaky right now, it is also a good opportunity to make additional money. You have to be willing to risk to make a worthwhile reward. Day-trading isn't for the faint of heart of course.
     
  4. AtlantaSports

    AtlantaSports Senior Investor

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    Completely agree with this statement. Being careful and aware that there could be a potential downfall is really all that you should worry about here.
     
  5. Rainman

    Rainman Senior Investor

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    I think people can still make some good cash with Forex while many other people are unwilling to take risks because of instability that could make the value of all currencies plunge. IMHO, there's never a "right" time for trading of any kind. In any case I don't think there's going to be a world war any time soon, so those who'd rather do nothing because of it stand to lose a lot as they wait.
     
  6. PipCurrencies

    PipCurrencies Well-Known Member

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    Forex is only one of the components of the larger investment picture. Risk is always present so investing in Forex should always be done with respect to that fact.
     
  7. Fredrick Jones

    Fredrick Jones Well-Known Member

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    There will always be opportunities in any market, it is just a matter of looking for them. Things are always changing so what worked last year will not work this year. Forex has changed so the same strategies will not longer work. Like anything one has to adapt to the times and keep current or they will go the way of the dinosour.
     
  8. rightct

    rightct Well-Known Member

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    Like I said in another thread, if the money you want to initially invest isn't something you might regret losing then I suppose you could go ahead, but have my word that it's a very risky business and you might end up losing everything in an instant. if you know what you're doing and have some background with such concepts, go ahead, I guess, but I would personally neveeeeeeer risk even a dime with this.
     
  9. Linda Smith

    Linda Smith Senior Investor

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    A trader should follow some rules while he is trading in the forex market. He also should have enough knowledge about forex. Low knowledge can be the cause of lost his capital. My advice for all traders to learn all the tools and techniques of forex very properly before starting the trade. Traders can get knowledge from so many sources. On the other hand, He has to know what should trade and when should trade. He also needs to choose a good broker with low spreads and high leverage. Broker's demo account can help him to learn all the tools and techniques of the forex market. I am currently trading with TP Global FX. They help me to take decision at right time on right place. I love them because of their easy trading policy and customer support.
     
  10. Helen Epperly

    Helen Epperly Well-Known Member

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    The forex market offers plenty opportunities for learning. Continuous learning is essential to becoming a professional trader. The unpredictable market is always amazed. Traders need to accept the losses and acquire the trading psychology necessary for effective money management. I am also a forex trader and trading with Eurotrader. Its education resource helps me to learn forex trading. To be a successful professional Forex trader, traders also need a profitable trading plan.
     

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