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A comment on I'm 25 years old and I am lost. Parent comment

Re:I'm 25 years old and I am lost by neilsharma on Thursday August 14, 2014 @06:09PM (#8180123)
Why? Indian banks defaulting? Corruption/theft issues? I haven't tried this method -- just regurgitating advice other's have given me. Always thought it seemed more profitable than keeping money in US banks, and India always seemed accommodating of foreign money coming in.
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Re:I'm 25 years old and I am lost by genwin on Friday August 15, 2014 @02:01PM (#8183336)
For example, savers around the world were enticed by Iceland's high interest rates, and then this happened: http://en.wikipedia.org/wiki/2008%E2%80%9311_Icelandic_finan...

Turned out those savers were the suckers needed by those banks, in an attempt to remain solvent.

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Re:I'm 25 years old and I am lost by jonknee on Thursday August 14, 2014 @09:17PM (#8180620)
Forex is risky because unless you have a use for the foreign currency you are at the mercy of exchange rates. For example, INR lost 0.74% vs the USD just today.
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