How Safe Is Currency Trading?

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Currency trading can be very volatile; people often take advantage of investors who do not know what they are doing when it comes to currency trading. Work with a professional to avoid the dangers of currency trading with advice from a financial consultant in this free video on currency trading and investing.

Part of the Video Series: Currency Trading Guide
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Video Transcript

I'm Roger Groh and we're here today to talk about how safe is currency trading. Well if you think about it, currency trading is nothing to do with the stock market going up or down and nothing to do with the real estate market going up or down. It has everything to do with whether or not the person that you're trading with really has the capability of giving you the money that they're supposed to give you when the time comes. And whether you made the right bet, did you bet long, did you bet short and were you right. So be very careful when it comes to currency trading. If you buy stock and you do it the Warren Buffet way, you think 5 years out you're probably going to make money. If you buy real estate and you think 5 years out or 10 years out, you're probably going to make money. If you buy currency and you think more than a day out or a minute out, you're probably going to get your clock cleaned because short term trading is very difficult to do. Be careful. It's a very sophisticated market, you're dealing with unsophisticated products and people are going to try and take advantage of you. Use, go to a professional. Use somebody else who is very good at it, let them show you how to do it. I'm Roger Groh with how to make current trading safe.

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