Forex - otherwise known as Currency Exchange! - has a terrible reputation because of the long lines at the airport exchange desks.. Its a practice an average human will engage in thousands of times over their lifetime, and one I transact hundreds of times a day working in international business and money management.

I have a portfolio of SMA accounts strictly in Forex and currency futures, and average of 0.7% bi-weekly (around 10 trading days). This comes out to a considerable annual amount.

That being said. Attempting to become a professional currency day-trader is not something I would suggest. But what I Would strongly suggest is for you to open a forex account (if you have your mind set on it), and do some research into something called the Carry Trade (essentially buying a high yeild currency on leverage)... This is one of the most powerful currency strategies known in the IB industry, and is usually completely neglected by common investors...\\

Best Wishes, and get in touch if you need any free advice!

I don't suggest you put your whole $10,000 into Forex. With most Forex brokers you are allowed to open a demo account, so do that, and learn the trading system that your buddy want to teach you. Trade with his system say at least 6 months, but I suggest a year. Be disciplined in your money management while learning, there is a tendency that you will let your losses goes too high, since it is not real money and you are not emotionally connected with it. To open a demo account try FXDD.com or Directfx.com, fxcm.com, Forex.com, etc

Good luck

Forex is quite risky environment.If you have thorough knowledge regarding Forex then jump into it.For all the most first try a risk free demo account which help you to learn more Forex trading strategies and techniques.My demo account trading with Greenvault FX helped me to gain more knowledge.

Forex is a terrible market for advanced investors and absolutely insane for a novice.

Please read the US regulatory warning below.

I'd bet a substantial about of cash that your friend's watch is a $40 knockoff. There are damn few successful forex investors and it is highly unlikely that you accidentally know one.

Forex has a terrible reputation. But if you have 10k to lose, go for it.

I have 10k ready to invest I can afford to lose but my mind is to win like everybody else and I have a buddy that does forex he makes well income I mean buying a 40k watch I think we can call him rich lol and he's trying to get me involve he said he'll show me 3 hrs a day how to trade, or what is better to invest. Also I'm 20yrs old please no dumb answer I'm just trying to invest