Forex: Myths and Reality

Myth: Forex - is like playing in a casino.

Reality: In fact - this is to open trade.

According to the Bank for International Settlements (BIS) crednesutochny Forex market turnover is more than 1.7 trillion dollars! This is an international market exchange rates, which make thousands of banks, investment companies and private individuals. The only similarity to the casino - is that if the deal, hoping only for good luck - you can quickly how to lose capital, as well as in several times to increase it.

The difference is that in a casino, you can not win, but here it is quite real. It's a fact. In addition, the game in the casino to you, for example, no one would give credit to - you look like at madman. While working on the Forex is - successful traders have to manage hundreds of millions of dollars. Upon understanding the Forex as a business, working systematically and seriously - the number of failures can be minimized, and the number of profitable deals to increase.
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Myth: Earnings depend on the case, and luck

The reality: you need to learn to earn a stable!

Forecasting exchange rates involved in hundreds of related companies and investment banks around the world (Merrill Lynch, Standard & Poor's, etc.). Some traders, of course, consider forex as a hobby, and this may indeed be one of the most interesting hobbies, which allows not only to spend money, but also earn them, while learning many new and useful. Analysts note at the present time, almost, the boom in the market in hedge funds, which make speculative transactions on the market rates.

There is a widespread view that to earn a stock trade - this is the inheritance of the elect, that only one can do in this capital.

Indeed, earlier and was.

In the meantime, brokers in securities or currency are, in my state, thousands of banks in countries where this direction is already strong. (U.S., euro area, Japan)

At the post-Soviet space that is almost not there, because this business is in its infancy.

A well-known fact that the income of many investment banks and hedge funds increasingly consists of short-term transactions such as currency speculation.

Having mastered the profession of a trader, you will, in addition to trade in the currency market, the kinds of skills that will help you to make your budget and allocate assets.

For example, private Americans with their financial advisers, whose services are very expensive.

Perhaps all understand that, depending on what currency you will have money - or you will receive additional profits, or lose the difference in rates.

In Forex, you can easily achieve gains of 50% pa This return can not boast of many banks.

All this meant that, on learning frameworks for the global markets, economic laws, the events that affect the course, you can correct their own orders to get extra income.
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Myth: In order to trade on the Forex requires special financial education.

Reality: Trading on the Forex can be a person with absolutely any entity.

This is important intelligence and the ability to restrain emotions. Being trained to work in the foreign exchange market, you will gain valuable and useful in the future skills. Here, learn to react quickly to changes in data to compare the huge amount of exchange of information upon which to build an analysis of your future transactions. Many successful traders do not have higher education, but have the necessary analytical skills.
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Myth: In order to trade on the Forex need large amounts, can not ordinary people.

Reality: Start your own trade on the Forex it is 200 dollars.

Such an opportunity for individuals with an introduction to the world «Margin Trading». This trade with the credit side. The point is that to buy a certain amount of currency you need to have only 1% of the contract value. The rest of your loan (a loan free of charge), your brokerage company at the time of the transaction. After a loan is automatically withdrawn back, and all profits earned from it, remains with you. No commission on Forex market is not.
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Myth: It's not for our country. Trading on the exchange - this is only for western countries.

Reality: Forex in the post-Soviet space is accessible to all.

You can trade on the Forex brokerage company, through intermediaries, that if you provide access to the foreign exchange market. You get a set of documents, which guarantees the reliability of the Ukrainian brokerage company.

As a company, you get free software through which you connect to the Internet, to contract for the sale of foreign currency. Orders of sledke given you all the touch of a button.
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Myth: Earn might be possible, but it is not clear as to withdraw their money.

Reality: The withdrawal of the money comes in one day.

Make a profit is automatically recorded in the box software. In order to get your money, you fill out special application form, submit it to the company and get their profits in cash or any other convenient for you.
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Myth: Most people lose money.

Reality: Most people come into the market, not having mastered the basic techniques of analysis.
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Myth: It takes a long time. I risk losing the bulk of the work.

According to data from the Ministry of the United States each year, in America, recorded a few million new businesses, 80 - 85% of them - do not live more than two years.

In trading, the ratio of roughly the same, with the difference that determine whether you have the ability to trade can be quite fast.

You, as a trader, organize your business in Forex, its trade. If you organize it correctly - you will earn and grow. In business, you can constantly learn and become a more successful businessman, but can not learn from mistakes - then your age nedolog. If you know how to earn money in the FOREX market, or on another stock exchange - you would trust the great capitals.

Reality: You have to decide how to spend the time to commit the transaction.

This work does not require you to permanent residence in front of a computer monitor. You can make a few transactions a day and can make good, profitable deal several times a week. In addition, the Forex market operates around the clock so you can work evenings, at night, or simply parallel to the main work. You can trade while in any place. When you work on a computer program, you are not clear of the cases, make a transaction at any time of day.

It should not be a greater number of transactions scoop. Transactions must be balanced, deliberate, and as a result - profitable.