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General Forex Discussion
Top 5 Misconceptions about Forex
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[QUOTE="SamForexTrader, post: 39171, member: 17720"] I would like to present top 5 misconceptions about Forex that I have encountered with: 1. Forex trading is quite easy Actually Forex trading market should be closely studied 2. There is a Forex company There is no such company. Forex is realized through brokerage companies. 3. Commission is to be paid to brokerage companies The profit of companies come from spreads, the price difference between buy and sell. 4. “I need to have a great amount of money in order to start trading in Fx market" Leverage ratio gives you an opportunity to trade with more money than you actually have. 5. “I want to exactly predict in what direction the market will move” The market movements can never be predicted with 100% certainty. [/QUOTE]
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