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 Forex Version 10, Foreign Exchange Market Discussion

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alvinlim84
post Jun 11 2012, 04:05 PM

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Hi all. I am new to forex and just learning about the basic trading information. Do you guys think Forex is riskier compare to other investment like property? Usually how long it takes to become a proficient in forex trader? Thanks.
alvinlim84
post Jun 15 2012, 07:49 PM

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QUOTE(icicle14 @ Jun 13 2012, 12:53 PM)
i believe that Fx is riskier compare to other short term investment.
if compare wif property investment, it's totally diff kind of investment.
Fx
1. Short term investment
2. T + 0, no limitation on how long before the order can be liquidated
3. Spot market, moving ups and downs everyday
Most importantly, look for broker with license to protect your fund to ensure that your money is "VALID" in your account.
It might take years to become a proficient fx trader. Maybe 1 or 2 yrs.....

Property
1. Long term investment
2. Huge capital (depends on what kind of property u r buying)
3. There is a lock-in period if getting loan from bank (most banks hav lock-in period for under-construction property).
4. It might take years to get price appreciation. If to receive rental income, nd to get good tenant.

Suggest to diversify your money.
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Thanks for the comparison. It's really helpful for me. Diversify into short and long term investment are good idea smile.gif I agree that Fx is good for short term gain and riskier. Some people even share their earning in Fx as easy money but I just doubt that.

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