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First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations

  • Written Language: Korean
  • Country: All Countriescountry-flag
  • Economy

Created: 2024-03-31

Created: 2024-03-31 13:04

Hello! I'd like to talk about my new venture into foreign exchange investment, inspired by a book I recently read. "I Buy Dollars Instead of Stocks" opened my eyes to the world of dollar investing, and I want to share my insights and preparation process with you.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations


Starting My Investment Journey Through a Book

With zero knowledge of investing, this book presented the allure of dollar investing in a simple and engaging way. Especially for me, as a stay-at-home mom with ample free time, foreign exchange investment felt like a fresh challenge and opportunity.


Preparing for Foreign Exchange Investment

The first step was opening a securities account to begin investing. I utilized the favorable exchange rate event offered by Kiwoom Securities to prepare for dollar exchange. Through the HeroEngine S# app, I experienced the entire process from event registration to exchange, which, as a first-time experience, filled me with both vague anticipation and a small sense of accomplishment.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations

First, go to the HeroEngine S# app and tap the menu button in the bottom left.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations


Then, on the next screen, tap the event button with the gift box icon in the top right.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations

You'll see various ongoing events. Scroll down a bit and you'll find the favorable exchange rate event. Tap it and apply, and you'll immediately receive a 95% favorable exchange rate.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations


From Dollar Investing to Yen Investing

Due to the current rise in the dollar price, I've decided to shift my focus from dollar investing to yen investing. Although it's a small amount, I've started taking the first steps in my investment journey by saving up and exchanging investment funds each month. Life is all about timing, and so is investing!


Learning Through Investing

Applying what I learned from the book to the actual investment process has been incredibly fascinating as I discover the link between theory and practice. I also plan to explore more related books to further enhance my knowledge of foreign exchange investment.

First Steps in Foreign Exchange Investment: Embracing Challenges and Expectations


Conclusion

Embarking on foreign exchange investment was somewhat daunting, but through the knowledge gained from the book and the actual investment process, I'm finding my own investment path. I hope this experience will provide valuable information and motivation to many others interested in investment.

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