Forex: myths and reality The Forex currency market, due to its peculiarity, is often discussed and therefore surrounded by all sorts of myths that complicate the way of learning for beginners and often scare them away. Forex is often associated with the stock exchange. Despite the fact that these concepts are similar, it is worth noting that the profit when trading on the Forex market is often much higher than on the stock exchange. This fact is due to the fact that Forex trading is based on the difference in exchange rates, which have a large amplitude of fluctuations over relatively short periods of time. On the change of exchange rates is influenced by many factors of economic, political and psychological in nature. Trading operations on the Forex market are carried out outside the exchange, which is why they are called interbank trading. This factor is the main distinguishing feature of Forex from the stock exchange. The most common misconception is that Forex trading is like gambling. It is mistakenly believed that in Forex, as in casinos, they also make bets on luck, after which they win or lose. Despite the high risks that a trader is exposed to when trading on Forex, having knowledge of technical and fundamental analysis, a trader can predict changes in the market movement. Without using the information of analysis, relying only on intuition and luck, most often they trade at a loss. Professional traders who continuously add to their knowledge, hone their acquired skills and correctly use the analysis information when trading, minimize risk and increase profits. There is also an erroneous opinion that the profit received on Forex by some participants depends directly on the loss of other participants. There is no need to have a special education for fruitful Forex trading. The key to success for a trader is analytical skills and mathematical mindset. Another fairly common misconception is a large amount of initial investment. Today, in order to start trading on the Forex market, it is enough to have only 100 dollars. With such a small amount, thanks to the leverage provided by the broker, you will be able to trade much larger funds.
Unfortunately, it is impossible to calculate the risk for a deal on a single yield. Because profitability and risk will still depend on the percentage of transactions closing in plus the size of the take profit of the stop loss of the number of transactions for the reporting period. On average, money management, in principle, advises that transactions be calculated in such a way that the stop loss closure does not exceed 2 - 3% of the deposit. But this is all very averaged and in order to calculate the lot size, stop-loss, take-profit, entry moment, profitability and other parameters
In recent years, the purchase and sale of foreign currency, as well as speculation in the Forex market, has reached a new, more popular level. This situation has developed due to many factors.
-- Edited by Alana389 on Thursday 14th of May 2020 02:56:06 AM
Many traders, at the beginning of their trading career, have problems understanding how the Forex market works and how Forex trading as a whole works. In recent years, the purchase and sale of foreign currency, as well as speculation in the Forex market, has reached a new, more popular level. It is also important to have an idea about the rating of the forex broker https://fr.trade-leader.comwith which you work.
A common reason for losing is a newcomer’s inability to manage capital. In the hope of quick enrichment, a newcomer opens a deal of too much volume. Another third and even fourth one may be lucky but it always ends the same
The principle of making profit on Forex is quite simple: it is formed due to the difference in exchange rates. For example, you exchange 100 euros for 120 dollars and wait for the dollar to rise. In this case, you can sell your 120 dollars already more expensive, say for 120 euros against 100 initially invested. These 20 euros will be your profit.
Yes, of course, there are huge risks to lose all your money on Forex. But it for those who do not know how to trade to make a profit. I highly recommend you to delve into this topic and adhere to some tips. Here you can find live forex quotes fbs.com/trading/specs/forex Moreover, FBS is your reliable online Forex broker. Due to this website, you will find out contract specifications and even choose the type of trading account that you want. It is convenient. Do not waste your time and try your chance.
Thần thoại Forex đầu tiên là dễ dàng, không. Khối lượng sách giáo khoa và đào tạo rao giảng suy nghĩ này. Tất nhiên, bạn có thể nói rằng đó là sự thật, nhưng nó chỉ là một phần của sự thật. Vâng, mọi người có thể học giao dịch. Nhà ga thương mại - một điều đơn giản. Cảm giác thương mại cũng rõ ràng: Mua tiền rẻ hơn, bán đắt hơn. Đó chỉ là không để kiếm tiền cho nó. Khi tôi bắt đầu làm việc trong giao dịch, tôi không biết cách định nghĩa chính xác, nhưng sau đó tôi bắt gặp một bài viết https://fxnews.exness.com/vi/forex-gi-gi-nen-bat-dau-tu-dau/ Trong đó người ta đã nói những gì bạn cần biết về thị trường Forex trong Flier được thông báo cách mọi thứ để làm như không để mất lần đầu tiên đến, giảm chi phí.
Learn more, work hard, don't forget about risk management, and you will achieve a great success in forex trading. But you have to choose the most reliable brokers on the market first. I use forex.com & oanda. You can read more about forex com vs oanda by the following link
