214: Should You Trade Currencies (Forex) Like Soros?

How the foreign exchange market works and how George Soros made more than a $1 billion shorting the British pound in 1992. Why currency trading today is more like gambling than when Soros made his billions. Why trading closed end funds can be more profitable than currency trading. Thanks to Wunder Capital and Blooom for sponsoring todays' episode. Use code DAVID on Blooom for your first month free.

[0:35] David introduces the listener question for this episode, “Should You Trade Foreign Currencies?”

[2:24] Why David would never invest in Forex strategies 

[6:56] How trading works on platforms such as Darwinex

[8:43] Investing through trading currencies is like gambling

[11:40] The George Soros story and how governments can balance the economy through interest rate control

[24:20] Betting against the exchange rate of foreign currencies isn’t reliable

[27:50] The benefits of investing in closed-end fund markets