My Thoughts On Forex – “Man That’s Dangerous”
In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, or the Greek Crash, or more recently, weed stocks and cryptocurrency.
Two weeks ago in the post, The Worst Company I’ve Ever Evaluated – And It’s Not Even Close, I detailed the many reasons why that Ethereum based public company I evaluated was by far the worst company I ever evaluated.
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And then last Monday I shared my full thoughts on Cryptocurrency in general.
In this week’s post, we’re going to continue talking about what I deem as speculative investments and get into Forex…
Yet another kind of “investment” I get asked about all the time.
Let’s get to it…
In the 10 – minute video above, I detailed the following things…
- Why you should run away from anyone saying any investment has zero risk
- And why these same people are full of shit
- Why Forex is so dangerous in my opinion…
- Especially all the courses pitching ‘easy’ gains to people
- Why you have zero advantages when buying or selling forex
- Why I don’t consider forex a long-term term investment
- Why I consider forex a speculation similar to a lottery ticket
- Why I don’t own any forex
- And more…
I’d love to hear your thoughts about on Forex in the comments below…
Have you ever invested in Forex? How did it go? Have you bought one of the many forex courses? Was it crap? Let me know below.
Here is a great article detailing many of the issues with Forex using Warren Buffet as a comparison point.
If you read this, I forgot to mention leverage in the above video as well which is another massive negative point against Forex.
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