Arguments for and against FOREX

Arguments for and against FOREX

To trade in FOREX it is necessary to have a lot of money on hand and that happens somewhere in New York, Tokyo or London.

In fact, before the event of computer technology to have access to the professional currency transaction service it was necessary to possess substantial capital. O dealer The dealing of currency – dealing – was mainly occupied by gentlemen with top hats with golden cigarette cases who lived mostly in the great financial centers of the planet.

But now everything has changed: to work in the currency market it takes only a few dollars, and the service for this will be granted in any part of the world where there is simple access to the Internet

My Salary is Too Small… Where Do I Go So Get Money?

Yes indeed, to trade on Forex you will need some start-up capital. But to try to get a taste of this market, to know if this business is or not for you, it only takes $1 in some brokerages forex.  

Best Forex Brokers

$ 10.000
Demonstration Account
  • Strict regulation in various jurisdictions
  • Powerful and easy-to-use trading platforms for desktop, web and mobile
  • Huge range of over 17.000 trading instruments
Up to 120%
of Bonus
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Segregated client funds
  • Negative balance protection
  • Member of the Financial Committee
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Powerful and easy-to-use trading platforms
  • Good selection of trading instruments
  • Various account types and funding options
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • multi-regulated
  • Negative balance protection
  • Investor Compensation Fund
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • tight margins
  • Excellent market analysis
  • Lots of educational material
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Large selection of trading instruments
  • Multiple Regulations
  • Various International Awards
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulation Broker With Good Reputation
  • Copy Trading
  • Allowed Hedging in Trading
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulated and safe forex broker
  • real ECN trading
  • Better trading conditions for users (0,0 pips spread and commission)
$ 100.000
Free Demo
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Regulated Broker
  • Social Trading
  • Friendly Interface
$30 Bonus
Free account
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.
  • Many Educational Materials
  • Demo Account with $100.000
  • Welcome Bonus

And believe that in one way or another we are all participants in the world money market. And most of the time we are its passive participants, because if our savings are not put to work, they will decrease – they will be consumed by the inflation.

However, it is possible to take a step forward and start to actively intervene in the market for currency, performing transactions with financial assets. This will not allow you to passively lose your savings, but rather also guarantees you additional income, comparable to a regular salary, and sometimes considerably higher.  

And pay attention: no matter which country you are in and are now visiting us on this site, there are certainly people willing to invest the money in a business! These people are INVESTORS!

Obviously, if you have no intention of understanding the market, not even the investor will be able to help you… But if you decide to really approach this issue of a new career with intelligence, optimism and confidence in your own strengths and with the desire to start a different life, it is very likely that after some time the its results are capable of impressing even the most skeptical.

Naturally, the conversation to have with a potential investor has to be prepared – you have to study, put yourself and your system to the test with at least one training account (or better still, with a real account, with reduced capital, but yours), you have to prepare a detailed report to present to investors, you have to find the right words that can convince them… This may not be very easy, but it is perfectly real. 

This looks a lot like a casino: there is no working system, the principle of chance reigns “you may or may not be lucky”.

Even the most superficial analysis of the market will show that there are a number of factors that affect it categorically. For example, right after the most recent major earthquake in Japan (Kobe), in a matter of a few minutes 100 yen cost 13 cents less. The official declaration of the level of unemployment in the US led to the dollar's fall.

Every time the Americans and the British bomb Iraq, investors, trying to get as far away from misfortune as possible, start by buying currency from the strongest state in the world, the US. It is evident that as a consequence the price of the dollar rises. But, at the same time, the British pound is also starting to appreciate.

The explanation is simple – after any armed attack on Iraqi oil wells, the “black gold” increases in price on the world market (supply reduced, but demand remained at the same level). It turns out that England sells oil, extracted in the North Sea. From here it's easy to see your connection with the rising currency. 

The logic in all these situations is simple, but fairly consistent. Where can we find causality here? What is “chance” here called?

However, those inveterate fans of the game can perfectly abstract themselves from the events that are unfolding in the world and surrender, as is their old habit, in the beautiful and feminine hands of Dona Fortuna. Forex is no less a game of chance than roulette.
 

It is necessary to have Intellect and Special Knowledge

Throughout this operating time, the market Forex has had as clients the most different people imaginable, with or without education. Among them there is only one thing in common: they are hardworking people with an immense desire to be successful. This deal put teachers and ex-taxi drivers, bankers and students on the same level.

But the profit each of them makes is by no means directly proportional to their scientific degree or the number of books read. Looking at the more fortunate traders, one almost wants to say that this is something they are born with. But they weren't always like this: financiers are not born ready-made! What happens is that some of our clients have been able to overcome the fear of looking dumber than others, they got to work in this new business and demonstrated in practice that anyone has a chance to win.
 

Nobody Will Help You Take the First Steps

Now, do you really believe that? Many Forex brokers on the market now have a complete education section and many strategies. In several Forex brokers, they offer the course of introduction to the business in this market free of charge. Many brokers offer help with highly qualified teachers who provide you with the theoretical knowledge you need.

Afterwards you will have a training period with a free didactic account just to practice: in it all prices are real, only the money you are dealing with for the time being will be virtual. And only after achieving stable positive results in training conditions will you be able to start playing Forex with real money.
 

This carries an immense risk

Yes, any business involves risk, as it is completely impossible to predict every situation. In this regard, we cannot define the job of a stock exchange player as being easy. But from some very unpleasant problems he is, from the outset, protected. The FOREX market has existed for more than ten years, digests any volume of transactions and will have more than a century of life ahead of it.

The good professionals who win in it are unlikely to be unemployed. Many of them start speculating in the currency market, because here there is no risk of spending your whole life working for a despot boss with foolish employees. In the forex market you own your own nose.

5 / 5 - (5 votes)

Related Posts

error: