06-04-2021, 06:15 PM
I know a lot about FOREX. Incredible money can be made in it. Insane losses can also occur. Like most things...
It's insanely advanced. Don't even think about it, if you didn't even know what paper trading is. Which is indicative of you not knowing what you're doing, so it's dangerous to invest at that point.
If you're still going to uni...it sounds like you don't have much money for investing to begin with. Probably not a good idea to dabble in it until that situation changes. I tell people to have zero debt BEFORE they ever consider investing. Sounds great to invest and "get 7% per year return while my debts are fixed rate at (insert below 7% rate here)"...until a market correction happens like we've seen recently. It ruins people every time...but yet some still try to think they're special...
Doesn't seem like you have the temperament for investing currently. A lot of anxiety about things in general, investing requires a strong stomach and resistance to irrational emotions from others in the market, as I said earlier. Maybe after uni, and you're debt free, established properly, then it could be time, after OF V3 excavates enough stuff.
You seem to need to learn what you're doing first anyway. That's all the advice I can give you without sounding redundant or going into granular detail in what I invest in which I won't do. Different investment threshold, different risk tolerance etc.
All the best.
It's insanely advanced. Don't even think about it, if you didn't even know what paper trading is. Which is indicative of you not knowing what you're doing, so it's dangerous to invest at that point.
If you're still going to uni...it sounds like you don't have much money for investing to begin with. Probably not a good idea to dabble in it until that situation changes. I tell people to have zero debt BEFORE they ever consider investing. Sounds great to invest and "get 7% per year return while my debts are fixed rate at (insert below 7% rate here)"...until a market correction happens like we've seen recently. It ruins people every time...but yet some still try to think they're special...
Doesn't seem like you have the temperament for investing currently. A lot of anxiety about things in general, investing requires a strong stomach and resistance to irrational emotions from others in the market, as I said earlier. Maybe after uni, and you're debt free, established properly, then it could be time, after OF V3 excavates enough stuff.
You seem to need to learn what you're doing first anyway. That's all the advice I can give you without sounding redundant or going into granular detail in what I invest in which I won't do. Different investment threshold, different risk tolerance etc.
All the best.
