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Originally Posted by likewise
About 4 months ago I opened up a free demo account with FXCM (trading currencies). I started with 50K USD, went down to 38K and now I'm on 78K. I've been thinking about opening one of their mini accounts and trying the real deal.
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don't do it! I've done forex a few times and remember that you are trading on margin, meaning that you put up 1$ and put $100 or more on the market and your profit/loss muliplies very fast. the big boys in new york, london and tokyo control the game and F#ck with each other, making money on and off, everyone else is very lucky if they make money in the long term. long term I'd suggest by gold as powers-that-be in America have decided to go with the AMERO in a few years and will crash the dollar and economy beforehand, according to conspiracy theories :-) but really check out AMERO
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and the carry trade that is making all the big boys alot of money is unwinding so watch the yen.