Is it good to invest in forex?

[J. Kobra]

Forex is a good investment for those who know the reality of the market. Otherwise traders should earn knowledge first and then invest.

 

[N_Chandel89]

In India, investing in forex is primarily limited to currency futures trading. Currency futures are traded on exchanges such as NSE, BSE, and MCX-SX. Here are some pros and cons of investing in currency futures from the Indian perspective:

Pros:

1. Volatility and potential returns: Currency markets can be highly volatile, providing opportunities to earn reasonable returns.
2. Quick market response: The forex market reacts swiftly to global events and government announcements, allowing traders to take advantage of early market movements.
3. Predictive opportunities: Careful tracking of global news and events can help predict exchange rate directions and make informed trading decisions.

Cons:

1. High-risk potential: The volatile nature of forex markets means that losses can be significant if positions are not properly managed.
2. Conflicting events: Contradictory global events can create confusion and lead to unfavorable trading positions.
3. Time-consuming research: Staying updated with global news and events can be time-consuming but is necessary for making informed trading decisions.

It's important to note that forex trading requires a thorough understanding of global market dynamics and the ability to analyze and interpret relevant information. Opening an account with a reputable platform like Motilal Oswal can provide personalized advice and a secure trading experience.

Considering the risks involved, individuals interested in forex trading should carefully assess their risk tolerance, acquire necessary knowledge, and stay updated with global economic events to make informed investment decisions.

 

[Starlin]

I feel that a trader has to be a good learner to become a good trader. Investment decision should be taken when a trader feel he is capable of trading and his knowledge is proven.

 

[stoch]

I feel that a trader has to be a good learner to become a good trader. Investment decision should be taken when a trader feel he is capable of trading and his knowledge is proven.

Yes I agree, without knowledge it will quickly turn into gambling with some kind of martingale system

 

[Oscar_0]

I think forex is a good investment because a minimum investment is enough for forex trading and many traders are making big capital from a smaller one. You can run other businesses too besides forex trading.

 

[Hudson_]

At present, Forex is an appreciable investment because it allows traders to trader sitting at home. No struggle is needed to trade forex and forex can be traded as an extra earning source.

 

[Richard0]

My opinion is somewhat cloudy in this regard because I can hardly carry average return from the market and sometimes I pass my days in high frustration about what to do and what not to do.