Not a lot of people can be adventurous with their money. Most of your friends probably stick to their savings account or, when they’re feeling lucky, the local lottery. Not you, though. You’ve tried your hand in the stock market, in mutual funds, and in government bonds. You have money kept in time deposits and special deposit accounts. Now, however, you want to try trading currencies. The only problem is, you don’t know exactly what forex means. To help you get started, here are a few forex facts:

(First published as "Money Wisdom" in the "Good Money" section of Good Housekeeping Philippines' March 2011 issue. Adapted for use in Female Network. Additional reporting by Jennifer Chan.)

Get the latest updates from Female Network
Subscribe to our Newsletter!
Comments

Latest Stories

Jolina Magdangal on Midlife Crisis, Turning 40 and Husband Mark

The actress shares her thoughts on midlife crisis and what it feels like to be 40.

Christian Bautista and Kat Ramnani Share Why It's Important To Discuss Finances Before Getting Married

Kat Ramnani and Christian Bautista encourage engaged couples to discuss their financial arrangements even before their wedding.
Load More Stories