If you want to invest, then try to analyze your options first. Think about what things appeal to you in life. Do you like stability and security or are you enjoying the risks and the unknown? If you are from the first category, then you could try buying some land, buildings or gold, diamonds, art pieces; things that will surely increase or at least maintain their value over time. If you are one of the risk lovers, then you will find it more interesting to have your own business or play in trade markets like: currency markets, stock markets or commodity markets. These types of activities are very volatile, since they can change overnight and leave you with nothing in case your assumptions were wrong. But for people from the second category, this gives them the thrill they were looking for.
From all the markets known until now, FOREX is the biggest. It offers its traders 24 hours a day, five days a week, the possibility to buy and sell currency from all over the world. The players on this market are banks, companies, governments and regular people, all trading in the same time in the online market. Also, FOREX is one of the most volatile markets there are, because it is an emotional one. A simple rumor in a certain direction can change everything. To be right for this type of market you need to be very detached and calm. Do not expect to be right all the time. If you get all emotional you’ll fall into a trap that will probably lead you to fatal mistakes and you’ll lose everything.
Being such a volatile market, FOREX should not be looked upon as a revenue source, at least not a main one. This type of business can bring you lots of money, but until you’ve learned how to handle yourself in it, there can be a lot of setbacks. With emotional trade markets you need to feel the emotions of others. Try reading their reactions and anticipate their moves. If a great event just happened in a European country, expect a response in its closest friends and adversaries. And another thing: learn to wait. Patience is vital in FOREX, since the changes are so abrupt, a move made too early could ruin a perfect chance.
If you think you love to read the emotions and subterfuges, that you are a detached and patient person, and then FOREX might be just the right thing for you.