Yes, people can make money, and even more people lose money. The foriegn exchange (forex) market is a zero-sum game, much like the futures market. For every winner on one side of the trade, there is a loser on the other. Once you factor in the bid-ask spreads, it works out to less than a zero-sum game. Unless you have a proven trading system that gives you an edge, you would be much better off investing in stocks. Also, forex trades can carry huge leverage — as much as 100-to-1. In other words, you could invest $100 and make or lose as much as $10,000 on that $100 wager, so be very careful!
Popularity: 1% [?]