5 delusions Forex currency trading
Delusion 1: Forex trading is like gambling
FACT: It `s like the stock trading
According to the Bank for International Settlements (BIS) daily turnover of the Forex
market is 1.7 trillion dollars! It 's the international currency trading market, a place
where thousands of banks, investment funds and individuals gain. There is only one
feature in common with a casino - if you engage in this case based solely on luck, you
can extend your deposit or lose it completely. The difference is that in the casino that
you can not always win, but in the Forex market, it is entirely possible. You will not
get credit in the game, however, in currency trading successful traders use the funds
donated millions of dollars. Dealing Forex company, a systematic and serious - and
the percentage of loss will be presented.
Delirium 2: my income depends on the case
FACT: It 'must learn to GAIN EVER
Hundreds of agencies for analysis and investment banks, including Merrill Lynch,
practices, etc. Standard and Poor's market forecast. Some traders to deal Forex as a
hobby, however, can become a hobby that will not take your money, but you always
like to learn a lot of interesting and useful. Analysts say the boom market of hedge
funds as speculative trading rooms flooded.
I disagree with those who think that only few can be successful in business. It used to
be so indeed, but not today. modern business, having learned the principles of
functioning of financial markets, economic foundations, events, exercise demos free
account, affecting the market may have a high stable income.
Delusion 3: TRADING FOREX specific needs financial education
FACT: Anyone, even without higher education can become a successful trader
The intellect and the ability to organize emotions are what really counts in business.
When you open a forex trading account, money habits significantly. The thing is to
learn to respond to rapidly changing data, compare the massive flow of infor