OR 
There are still many people think forex is gambling. Some people continue to lose money say so, but not for those who always get a good profit from forex.
How many of you who get profit from forex? and how much of your loss from forex? Whether it's your own play, or you use the services from the others to manage your money. Here we will be straighten myth about forex.
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.
(ForexInsane say's "BEST Minimum start From $300 or $500 For stable" )
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.
I hope this can make you think more positively about the world of forex
Regards "forexinsane" and "Trader Independent" team.
