This is all people need to read. If you are approaching trading as a get rich quick scheme, trading isn't for you. People should stick to maxxing out their 401K and investing in mutual funds with low expense ratios. Trading can and will eat you alive if you are high risk without a strong strategy.I actually work in the finance industry and any fx trader worth their salt would not willingly encourage others to start trading in fx because of its highly speculative nature. You should know first hand the type of inevitable losses you have to take and to encourage these dudes on the Coli, who quite possibly don't even have basic investing knowledge, let alone extensive knowledge of the market, to start trading in fx is reckless. Most legit fx traders are not even trading with their own money.
If you want to be helpful, tell these dudes to contribute to their 401ks up to their company match and increase incrementally each year. Tell these dudes to max out their Roth contributions each year. Tell these dudes to properly understand their limitations and risk profile when making diversification decisions. But don't have these dudes jumping into fx trading because you're setting them up for disappointment.
Below is sound advice on what to do with extra money. It is in order of importance so the first thing is at the top: