6 Tips for New Forex “Investors”
- Joshua M Brown
- November 30th, 2010
SmartMoney magazine has an article up called Forex 101 that offers 6 things that new currency investors (whatever that means) should be aware of. In the service of symmetrical aesthetics, they give us a match set of 3 warnings and 3 endorsements about Forex.
I offer my own 6 tips to small, inexperienced, would-be Forex players below:
1. Don't do it
2. Don't do it
3. Don't do it
4. Don't do it
5. Don't do it, seriously
6. Don't do it
Hopefully, I'm being clear enough for those of my readers who haven't yet experienced the joys of boiler room currency brokers or online "platforms" that actively trade against their customers in an inside market. With leverage.
If not, feel free to see the below:
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.