Are there brokers or companies who trade Forex and make money for us on our investment? And do you think fxtradeinvestment is legit?
So you think there is a business that can take $X and in two weeks turn it into $10X plus their profit.  That means that in two weeks you can turn $1,000 into $10,000. So every two weeks you add a zero, in six weeks you add 3 zeros. In 12 weeks total your $1,000 is now $1,000,000,000; and in a few weeks after that you are richer than Bill Gates. All Guaranteed! Run away. There are legitimate multi currency mutual funds/efts. But I don't think their rate of return will produce the extra money you're looking for any faster than any other kind of investment with comparable risks. To make money fast, you have to accept nontrivial risk of losing money fast, which isn't what you seem to have in mind.
"Google ""forex broker"" and find one of the thousands that allows you to trade on Gold futures.  Then use one of them to short Gold... just watch your leverage. I would certainly wait before you're shorting gold.  Why tie up capital in a bubble that you think will burst in the next few years.  Wait for the price to increase and monitor for actual signs of the bubble bursting.  Right now with the Euro possibly collapsing shorting gold probably isn't your best bet." Since you mentioned £, there's a good chance you're in the UK. The UK is something of an anomaly in the world in so much as you don't need to use CDFs because you can 'spread bet'. The principle is ultimately the same: you're making a bet that the price will change in your favour. As others have said, this isn't investment and isn't a good idea if you don't know what you're doing. It's a possibly risky way into the field because your losses can exceed your deposit. It's generally pretty short-term, and so is highly susceptible to unpredictable temporary market fluctuation ('real' investing is usually longer term, and so based on the general trend of the market, which is generally less difficult to predict). That said, half-way decent spread betting companies will check you out pretty thoroughly before you start, they'll offer a 'demo' account where you can trade with 'fake money' (ie. you make no deposit, and can make no withdrawals) until you're comfortable. Some do training courses and seminars too. When you first start trading for real, you'll need to put a 'stop loss' on every trade, and thus mostly avoid the problem of losing more than you staked (it's still possible to lose more than you staked with a stop loss, but in most cases your excess loss won't be ruinous, just eye-watering). I worked for one such spread-betting company (a good, honest one at that). We once had an internal competition using demo accounts - the aim was to make as much money as you could in a two week period. I think we started with £10,000 each. A couple of people 'made' a decent looking amount of money in that time, but dozens more of us lost at least all of the money. It is possible to make money, but there's a far, far greater chance you'll lose all you're prepared to stake (and maybe more). Also, using a demo account is very different from using real money (no matter how much you tell yourself it isn't). "The implication is market irrationality is stronger than market rationality. Aka nothing makes sense when TSLA climbs to $400 or when CMG rises to $750.   I wouldn't say there is a systematic flaw in valuation. I think there is just a lot of ignorance. Markets are more open to household investors than ever before. You used to go to your broker and ask him what's up and he'd give you the inside scoop since you pay them money. Now you go onto marketwatch and get some random nobody's opinion on everything and make stock selections based on that.   But eventually the chickens come home to roost and things will correct itself. Big players will jump ship and cause signals to other traders to jump ship. The public can pump stocks up pretty high but it doesn't just go to infinity. Eventually someone will stop and say, ""wtf is going on"" and start selling. Stocks are sold on a basis of a limit order book so it's real prices that people are paying. People don't care about prices currently because most don't have any finance knowledge but want to invest their own money.  They just hear about Tesla doing something amazing (from some clickbait article or news outlet) and can't stop thinking about buying Tesla. They go to Chipotle and think ""wow this place is so good and hip, they must be a great investment"".   The markets have been filled with more subjective analysis than ever before especially with so much low quality information at your fingertips. Equally ignorant people startin blogs about investment and personal finance being shepherds for other ignorant people. In the end they all lose.  People who exclaim ""this stock is going up to $250 easily"" with literally zero quantitative analysis or even a baseline reference point to back it up are prime examples of this.   Ignorance of markets and cheap money almost always lead to market runs that end catastrophically. Dot com bubble, 1929 market crash, 2008, it's always the same. People who have no business taking loans out or buying on margin or leveraging positions with debt only to get fucked over once things are brought back down to Earth. After 2 runs of QE, we now have cheap money and with everyone being a crier for their personal investment strategy, we now also have rampant ignorance.   I don't expect things to last but no one can call the bottom or the top, or else you'd be very very rich. Have a safe portfolio, don't try to time the markets. Have a strategy that hedges against unexpected change, don't try to gamble on this change. Because it's ultimately impossible to predict the movement of every single person on this earth that invests their money into markets. So don't try. Just be prepared.   ----  To expand further into valuation theory:  at the end of the day, people invest their money to make more money.  It's as simple as that.  If your money doesn't grow in an investment vehicle, it's ultimately a shit investment.  But no one values intrinsic value of a company's equity before they decide whether or not $380 for TSLA is a good/bad deal.  As a result, stocks can be pumped up way higher and people still see the gains on their stocks through capital gains fueled by other optimistic investors.   Non-zero sum goes both ways.  People can make shitloads of money on stock without an equitable loser--people can also lose shitloads on stock without any real winner emerging from the rubble.  When this bubble bursts, lots and lots of people will lose money on TSLA when people's expectations become rational and they stop paying $300 a share for a negative or 70 PE ratio.  It's insane what multipliers people will pay for these companies without even realizing the implication--if you buy a share of a company with a PE ratio of 70, you just paid 70 times their earnings for a share.  In an ideal world where they released every single penny of earnings as dividends, it would take you 70 periods to reclaim your money on that share.  This obviously doesn't take into account capital gains, but capital gains aren't supposed to be this irrational to where a stock can be pumped up into 70x PE ratio in the first place.  It's a whole messed up web of confusion and irrationality and eventually something will catalyze a reaction.  Imagine a market where everyone just agreed to pump up a single stock to infinity and everyone just rakes in shitloads of money.  Would this work?  Of course not.  It's literally a pyramid scheme that relies on future generations to constantly inject capital--no real value is being created by this scheme.  It requires constantly more future generations to continue adding money into the scheme and will crash once people stop pumping money into it.  The same thing will happen here.  Everyone ""agreed"" to pump up TSLA (in a sense) but eventually people will realize this is stupid as shit and the pyramid will come tumbling down because there is nothing they receive from this scheme other than the money from other people.  It's essentially moving money around, making 0 use of it, until people stop pumping money into the system and everyone realizes that nothing of real value had been produced through the use of this money.  Ultimately the only thing that creates real value is the money that is returned to shareholders from an outside party--the company you're invested in.  Real value is not created when people exchange stock and money.  So why do these transactions create higher values in equity?  The basis of equity valuation states that dividends are the only way for companies to raise the price of their stock, going off the traditional Dividend Discount Model.  And theoretically, that's the only logical explanation.  Buying and trading stock does nothing for the company, minus T Stock they might own.  Ultimately the only party creating real value is the underlying company.  If they aren't creating real value, then their stock should not be increasing, period.  The way they create value is by efficiently utilizing assets to generate returns on investment which can be returned to investors through dividends.  Dividends can only be increased (while maintaining an equitable payout ratio) by generating more net income that can increase the actual pool of money that can be allocated back to investors.  TSLA does not do this.  TSLA regularly loses money and overpromises.  There is no logical explanation for any of this except that everyone is irrational.    Obviously theory is not the same as in practice but the theory is important here because it's really the basis for any investment at all.  At the end of the day, a share of stock is the right to a share of the company's equity.  People own equity in companies because companies generate money that it returns back to its owners.  That's what a company does.  That's what an owner does.  If you own shares of a company, you're an owner.  And if your company does not return more money back to you YoY, then why are you invested in them?    Ultimately, you're riding a capital gains wave that will eventually subside once market irrationality succumbs to rationality.  And it always does because the real value always catches up to the fake value that is caused by pumping and dumping stocks." Foreign Exchange (Forex) trading is extremely difficult to do profitably over time – for retail investors and institutional investors alike. Many Forex traders enter the markets with hope of a profitable trading adventure, only to find themselves overwhelmed by the complexity of the markets. Binary options trading enables traders who have experienced difficulty in the Forex market to trade options. "This is an old post I feel requires some more love for completeness.  Though several responses have mentioned the inherent risks that currency speculation, leverage, and frequent trading of stocks or currencies bring about, more information, and possibly a combination of answers, is necessary to fully answer this question. My answer should probably not be the answer, just some additional information to help aid your (and others') decision(s). Firstly, as a retail investor, don't trade forex. Period. Major currency pairs arguably make up the most efficient market in the world, and as a layman, that puts you at a severe disadvantage. You mentioned you were a student—since you have something else to do other than trade currencies, implicitly you cannot spend all of your time researching, monitoring, and investigating the various (infinite) drivers of currency return. Since major financial institutions such as banks, broker-dealers, hedge-funds, brokerages, inter-dealer-brokers, mutual funds, ETF companies, etc..., do have highly intelligent people researching, monitoring, and investigating the various drivers of currency return at all times, you're unlikely to win against the opposing trader. Not impossible to win, just improbable; over time, that probability will rob you clean. Secondly, investing in individual businesses can be a worthwhile endeavor and, especially as a young student, one that could pay dividends (pun intended!) for a very long time. That being said, what I mentioned above also holds true for many large-capitalization equities—there are thousands, maybe millions, of very intelligent people who do nothing other than research a few individual stocks and are often paid quite handsomely to do so. As with forex, you will often be at a severe informational disadvantage when trading. So, view any purchase of a stock as a very long-term commitment—at least five years. And if you're going to invest in a stock, you must review the company's financial history—that means poring through 10-K/Q for several years (I typically examine a minimum ten years of financial statements) and reading the notes to the financial statements. Read the yearly MD&A (quarterly is usually too volatile to be useful for long term investors) – management discussion and analysis – but remember, management pays themselves with your money. I assure you: management will always place a cherry on top, even if that cherry does not exist. If you are a shareholder, any expense the company pays is partially an expense of yours—never forget that no matter how small a position, you have partial ownership of the business in which you're invested. Thirdly, I need to address the stark contrast and often (but not always!) deep conflict between the concepts of investment and speculation. According to Seth Klarman, written on page 21 in his famous Margin of Safety, ""both investments and speculations can be bought and sold. Both typically fluctuate in price and can thus appear to generate investment returns. But there is one critical difference: investments throw off cash flow for the benefit of the owners; speculations do not. The return to the owners of speculations depends exclusively on the vagaries of the resale market."" This seems simple and it is; but do not underestimate the profound distinction Mr. Klarman makes here. (and ask yourself—will forex pay you cash flows while you have a position on?) A simple litmus test prior to purchasing a stock might help to differentiate between investment and speculation: at what price are you willing to sell, and why? I typically require the answer to be at least 50% higher than the current salable price (so that I have a margin of safety) and that I will never sell unless there is a material operating change, accounting fraud, or more generally, regime change within the industry in which my company operates. Furthermore, I then research what types of operating changes will alter my opinion and how severe they need to be prior to a liquidation. I then write this in a journal to keep myself honest. This is the personal aspect to investing, the kind of thing you learn only by doing yourself—and it takes a lifetime to master. You can try various methodologies (there are tons of books) but overall just be cautious. Money lost does not return on its own. I've just scratched the surface of a 200,000 page investing book you need to read if you'd like to do this professionally or as a hobbyist. If this seems like too much or you want to wait until you've more time to research, consider index investing strategies (I won't delve into these here).  And because I'm an investment professional: please do not interpret anything you've read here as personal advice or as a solicitation to buy or sell any securities or types of securities, whatsoever. This has been provided for general informational purposes only. Contact a financial advisor to review your personal circumstances such as time horizon, risk tolerance, liquidity needs, and asset allocation strategies. Again, nothing written herein should be construed as individual advice." With your experience, I think you'd agree that trading over a standardized, regulated exchange is much more practical with the amount of capital you plan to trade with. That said, I'd highly advise you to consider FX futures at CME, cause spot forex at the bucket shops will give you a ton of avoidable operational risks. "@sdg's answer is spot-on with the advice to avoid repeated conversions, but I'd like to provide some specifics on the fees involved: Each time you round-trip Canadian dollars (CAD) through a U.S.-dollar (USD) priced security at TD Waterhouse and leave your proceeds in CAD, you're paying a total foreign exchange fee – implied in their rate  spread – of about 3%, give or take. That's ~3% per buy & sell combination, or ~1.5% on each end. You can imagine if you trade back & forth frequently, you can quickly lose a lot of money.  Do it back and forth ten times in a year and you're out ~30% on the fees alone! The TD U.S. Money Market Fund (TDB166) that TD Waterhouse is referring to has no direct commission to buy or sell, but it does have a Management Expense Ratio (MER) of 0.20% per year – basically a fee which is deducted from the fund's returns (which, today, are also close to zero.)  Practically speaking, that's a very slim fee to hold some USD in your Canadian dollar TFSA. While 0.20% is cheap, a point to keep in mind is if you maintain a significant USD balance, you are maintaining currency risk:  You can lose money in CAD terms if the CAD appreciates vs. USD. Additional references: Canadian Capitalist describes TD Waterhouse and the use of TDB166 and ""wash trades"" at How to ""Wash"" Your Trade?  He's referring to RRSPs, but the same applies to TFSAs, which came out after the post was written. Canadian Couch Potato has two relevant articles: Are US-listed ETFs Really Cheaper? and Lowering Your Currency Exchange Fees." Interactive Brokers advertises the percent of profitable forex accounts for its own customers and for competitors. They say they have 46.9% profitable accounts which is higher than the other brokers listed. It's hard to say exactly how this data was compiled- but I think the main takeaway is that if a broker actually advertises that most accounts lose money, it is probably difficult to make money. It may be better for other securities because forex is considered a very tough market for retail traders to compete in.  https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Fpdfhighlights%2FPDF-Forex.php