I want to invest $1000 initially in either day trading or in forex. If I do I will pay for expert advice from an established company. But which, in your opinion or experience, is more likely to make money in our current economy?
If you are planning to give this money to somebody else to do either of it for you...it is better for you keep it in your pocket....It is lot safer there! If you are planning to day trade yourself, try to learn technicals yourself and then venture out. My sincere advise to you...IT IS NOT WORTH IT! I am a day trader myself and I know what it takes...to remain one... It is like a one way street....once in...you will never be able to leave it....So think very hard..before diving in! Good Luck.... Regards, RightMan
In my experience forex is a 24 hr market and very liquid, and at times volatile. When I traded it mainly AUD/USD spreads I would make between 4 and 5k a day, some day i could lose up to 3k. I recommend you paper trade before jumping in with real money.