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[quote=Anonymous]It is a high risk / high reward activity. At a retail level, its basically gambling. Chances are the time put into research isn't going to be strongly correlated with your results. A wild guess will likely be just as good as a 'well informed' (as much as a retail investor can research) judgement. So if you have discretionary funds and don't mind the possibility of losing everything you put into it, let him go ahead. You should approach it as a hobby and have no expectations on returns, otherwise you'll likely not be happy with the outcome [/quote]
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