Friday, March 21, 2008

Risk of forex trading

Hi Mr. Tan,
Thank You for your valuable info in your blog. It enriched my financial knowledge.

Now, economy is under unstable condition. My friend recommended me to invest in forex trading. Kindly advise on the risk involved and other factors. I am still quite clueless on it.

REPLY
Do not engage in forex trading. It is risky. You are likely to lose a lot of money.

It is better to invest for the long term in a low cost, diversified investment fund. Read this FAQ:
http://www.tankinlian.com/faq/savings.html

1 comment:

Anonymous said...

Please have a look at the financial report of Fundsupermart (Lion Funds). The foreign exchange loss is range from 13% to 18% of the relevant income for some foreign investments.

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