Myth: Forex – is like a casino game.                          

Truth: In fact – it’s a trading on the exchange.

According to research of BIS, www.bis.org, Forex  daily average turnover is about 2 bln dollars! This is international foreign exchange market & a lot of banks, investment companies & private persons are earning their money on it.

Only a similarity with a casino - is if you deal within chance only – you may lose your money very fast but you may rise your capital in a double as well.

But you cannot win permanently in casino & you can do this on Forex. This is a real fact. Successful traders get a capitals in their management because forex trading for them – is a work, but not the game.

You may have a stable profit from Forex-trading,  only studying permanently. 

Myth: Profit depends on chance only.

Truth: You have to learn how to get stable profit!

Hundreds of analytical agencies & investment banks all over the world like Merrill Lynch, Standard & Poor’s etc, are forecasting currencies moves. Of course for some traders forex – is a hobby, but very interesting & useful one, which allows them not only spend their money on it but to earn & develop themselves.

There is a point that exchange trading is only for elite. Really, such situation had place a years ago, but now there are thousands of banks having trading specialists as a staff

Having a trader profession you’ll get skills which could help you build your budget & allocate your assets in a proper way.

Myth: You need to have special education for Forex trading.

Truth: You may have any education level to trade on Forex.

An intellect & clear mind are more important here then education. Working at forex market you will get useful skills. Many successful traders had not high education but had necessary analytical skills.

Myth: A big money are needed for Forex trading.

Truth: You may start to trade within 200 dollars.

This has become possible with “margin trading” appearance. This is a trading with credit leverage. This means that you need to have only 1% of contract cost. All profit is yours & no commissions here.

Myth: Most people lose their money.

Truth: Most people go to Forex without elementary knowledge.

You have to study some courses like fundamental & technical analysis before start to trade. It’s not complicated but will help you to work stable & not to play with the market. Daily improvement of your knowledge will returns to you as a real profit.       

Myth: This work takes a lot of time. I can lose my main job.

Truth: You decide by your own how much time to spend for Forex trading.         

This work need not you to look at monitor all the time. You may set a few orders a day or few orders a week & earn good profit. Besides, Forex works around a clock, so you may deal even night time or with your maim job at the same time.

You just have to install special software & deal any time.