Yes, it does, if you want  to invest purely as an investor. You can benefit from exchange rate  fluctuations just as you can benefit by investing in equities in the  stockmarket. However, as in the stockmarkets, you also stand to lose money if  the price movements are not in keeping with what you had anticipated.  Participating in a currency futures exchange is risky, just as the stockmarket  is. You should therefore be knowledgeable about the currency market if you want  to participate as an investor.
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