what exactly is a position? a lot?

what is the advantage in investing now that the economy is in shambles and the dollar has depreciated?

l do not know a lick of this stuff so please be specific, thank you!

l think it is better not to get involved with stock market trading activities nowadays. It is better to keep ur savings in the bank. l think almost all financial institutions r scams in Hong Kong & the US.
You can view the following website about Forex scam in HK.
http://mojostock.com/blog/forex-trading-scams/
http://search..com/search;_ylt=A0oGklACCO9IchQBoqVXNyoA?p=Forex+scams+of+Hong+Kong+stock+exchange&y=Search&fr=&ei=UTF-8
This followings will provide u a basic knowledge about stock markets. Do not try to get rich quick scheme. You will become a loser eventually, my friend.
http://en.wikipedia.org/wiki/Stock_markets#Short_selling

You take a ''Forex position'' when u enter the Forex market buying or selling a specific currency pair at a specified price. The size of the position is determined in ''lots'' or units. For instance, lets imagine that u have a Forex account that u funded with U.S. Dollars. The first trade u decide to take is to buy 100,000 units of EUR/USD. At the moment u buy those 100,000 Euros u simultaneously sell the difference in the exchange rate in Dollars (136,000 approximately). If the price of the EUR/USD at the moment u bought was 1.3600 u now hold 1.0 lot (commonly referred to as 1 standard lot or 100,000 units) of EUR/USD long. If the value of the EUR/USD climbed to 1.3700 & u exited (or converted ur euros back to dollars) u would have made $1000.

l am sure, u now have many more questions. l believe it would be much easier if u took one of the free Forex courses online. The easiest is babypips.com/school but u can google to find others if u prefer.

As for the advantage of Forex now over other asset classes. Well, the biggest advantage is that there is no such thing as a bullish or bearish Forex market. You can make money Forex, no matter the market condition if u know what moves the currency market, take a disciplined approach to trading the market, & have a solid trade/cash management strategy.

As for the claims by many that Forex is a ''scam,'' let me say this. Do people lose money in Forex? Sure. Are there companies out there willing & able to steal money from unsuspecting Forex newbies? Absolutely. But if u r careful, smart & educate yourself about Forex u will be fine.

The potential in the Forex market is unlimited - but the dangers r also great. Take ur time. Do not rush into it. Find a few mentors & u can make it.

It seems u have yet to get a good answer, so here it goes.

Position trading is simply where u take & keep a ''position'' in the market. It is essentially the opposite of day trading in that day traders never keep a position overnight. So technically if u open a position & keep it past ''closing'' u r in a position trade.

Now this is a little tricky to define in the FX as the markets r open 24 hours so the reference then becomes if u keep a position open past closing in the market time zone u r trading (ie. london).

Position trading has its advantages in that u do not have to be glued to the computer screen like u do in active day trading. That is the upside, the downside is that u need to have a fairly well funded account as u will have to sustain larger market swings than a day trader who is only looking to ''scalp'' pips as he/she trades throughout the day.

In other words day traders r not ususally in the market long enough to sustain huge market moves. Position traders r usually trend trader looking at long term trends or they r fundamental traders who enter a position based off of fundamentals yet dont know exactly ''when'' the markets r due to move in their favor.

This means that they will just enter a position & wait either for a price objective, a percentage gain, or if they r a commercial trader, until their hedge is closed.

Hope that helps

Happy Trading

- Jay

If you are looking for real-life examples of position trades and other types of forex trades l recommend you go to http://piphut.com