Is this possible

I just left a job that I have been working at for about 2 years. While I was there I opened a 401(K) account and made some contributions to. Now that I left, I heard of people using that account to get into the Forex market. Is this possible? Legal? And why should or should not do this.

Thanks in advance and I look forward to learning as much as possible from this forum.

-JP

I don't think this is possible unless you take a loan out from your 401k which I wouldn't advise because you will be charged interest and taxed I believe. Usually you would have to move your 401k to an IRA when moving from a different job. I would consult with your 401k provider.

Anything is Possible.
The Question is,
Do You Understand the Risks?
AND
Can You Afford To Take Them?

you also have to know it will take some time until you learn to trade, and some more time until you become profitable. we could speak years

You can use your 401K to trade with. Keep using it and allow it to grow. At age 59 1/2 you can then remove that money tax free.

I am one doing this... and it is growing N I C E L Y!