Tempted to invest in a currency fund? If you aren’t a sophisticated investor, you might be better off resisting the temptation.
Because predicting the direction of currencies can be challenging, investors should approach these funds with caution, financial experts sayInvesting in currency mutual or exchange-traded funds may sound tempting. After all, the foreign-exchange market is the biggest financial market in the world, averaging more than $5 trillion in trading volume every day.
But many investment experts urge most individual investors to resist the temptation, saying these funds are usually better suited for those investors with a strong understanding of how currency markets work.
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