Is it feasable or reasonable for a 19 year old to use and invest in the forex market?
Question by aplpie: Is it feasable or reasonable for a 19 year old to use and invest in the forex market?
Approximately how much is a good amount to start with? i am going to go to forex.com and do the 30 day free trial and see how I do.
Also for people who know forex and use it, how many hours do you spend a day or a week, and how much do make. Tell me weekly or daily or anual income.
I will have about 5G’s to invest, i was wondering whether i should throw it in forex.com
Answer by bob shark
19 year olds should stick to normal investing until they understand markets.
Forex is high cost, high risk investing…you could lose your 5 G,s pretty fast.
But buy all means , play the free, pretend trading, but be honest with yourself on what would really be your gains and losses, and don’t forget the commissions and fees.
What do you think? Answer below!