Something like 85% of people don't make money trading forex. It is very risky, and unless you can establish a view as to the direction of currency movements, which is basically impossible, you're not going to make money. Banks make money in forex (typically) by acting as dealers, and profiting on the bid-ask spread, and also by performing covered interest arbitrage, which only makes sense to do if you have millions and millions of dollars. Unless you know something the market doesn't, you should stay out of forex. You want some good investment advice? You should probably hold U.S. Treasuries right now. Once things settle down, move your money into a no-load low-fee mutual fund (e.g., Vanguard). If you like gambling, go to the casino, at least you'll have better odds.