Awhile back I wrote a post about my introduction to forex trading. At that time, it involved setting up a play account for my international finance course and to make trades throughout the semester. It was an interesting experience trading forex and I was lucky enough to end up making some money. I say lucky because I had no clue what I was doing. After all, I am mainly a buy and hold investor.
Recently however, I was out with a friend and we got to talking about investing. He too is a passive investor but wants to set up a play account and start forex trading. In his case though, he will be using actual money. He knows that I am well versed in the investment industry and wanted to know what the risks and rewards were to getting involved in forex. I told him I would do some research on it and get back to him. Below are the risks and rewards I found when forex trading. [Read the full article]