Right on BA - speculating in currency will kill you - When I traveled to Australia in the 1980s, their dollar was at about 50% par with US$ so I opened a savings account paying 15% interest. I sent them a check 6 months later and they charged me a HUGE transaction fee to convert the check. this ate up the dollar difference. When I closed the account they send me a check in Australian dollars and it cost me everything I made to get that in US$. The point is you gotta know what you are doing.
There are office buildings full of people in cubicles making trades in currency; about 8 years ago they found a weakness in an Asian currency and trashed the economy of SE Asia, their economy is only now recovering. The sharks in currency eat the little guys. If you want to invest, pick a no-load fund - I recommend index funds but then I am a middle of the road guy.
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"Rage, rage against the dying of the light."
GrimJack
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