Foreign currency trading is easy — an easy way to lose money

[Snoutport]

Interesting article.... currency trading sounds like you are basically giving your cash to the bank. As a present.

http://www.latimes.com/business/la-fi-amateur-currency-trading-20110403,0,588787.story

[Codeine]

1. Investing on credit is remarkably stupid.

You're relying on your borrowed money making more than the interest you're paying on it. Nutty.

And most people don't have the slightest clue how currency markets work -- why on Earth would they assume they should be rolling the dice on a decision made from a zero-information position? Dumb, dumb, dumb.

[Trekologer]

2. The Iraq Dinar seems to be the lastest craze

The are lots of folks peddling the Dinar a get rich scheme.