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Inside the weird new world of social ‘forex' trading-where you sign up friends, and some report risky red flags for investors

29 days ago   |   By Fortune

Complicated dance moves, soothing videos, funny couple challenges...a hive of foreign exchange day traders? Of all the subcultures on Twitter, TikTok, and Instagram, this is one of the most improbable-and riskiest-to emerge. But it's a real and growing trend.
Slinging “forex” used to be reserved for specialty desks on Wall Street, where experienced traders made nail-biting bets that currencies would move in one direction or another. Over the past several years Robinhood and other online stock trading platforms have broadened the market for equities traders. But in this corner of the...
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