In the personal finance feature, certified financial planner Paul Roelofse chats about the difference between investing and trading.
Roelofse says that Forex trading is an intriguing way to make money because it sounds cool, but it can also be disillusioning.
Trading is betting on an outcome in a very short space of time.— Paul Roelofse, certified financial planner
Currency trading is one of the largest markets in the world because it presents an opportunity to make money quickly says the certified financial planner.
He adds that in currency trading, you can make or lose money depending on the changes within the transactions.
All these uncertainties and variables change the overall outcome, and make it very difficult to head in the direction right says Roelofse.
If you want to go into that space there are a lot of pros and a lot of cons as well.— Paul Roelofse, certified financial planner
Click on the link below to hear about the pros and cons of investing…