Currency trading

[mmctrab]

I would advise you to open a play money account at one of the forex brokers and trade that before you put any real money into an account. The leverage on mini-Forex accounts is huge (like 40:1) and on regular accounts is about 20:1 so you can get wiped out fast.

You need to do some serious reading, but I don't trade forex and I don't know what the best things to read would be. You can also speculate on currencies with ETFs that don't offer any leverage (unless you're in a margin account) which would be safer than trading in a forex account.