Forex Myths

Patricia12

Active member
247 4
I searched in Google about forex myths and find some forex myths like

1. Forex can make you rich quick
2. The forex market is rigged
3...
4..
5..
.
.

for you if you know any.
 

Alexander0884

Junior member
47 5
I dont see how forex cant make you rich if you can call your trades?

Lets say you are going to trade once, leveraged and you chuck in $10k and you win 200 pips or even a point lets say.

PROFIT$$? Ergo your argument is flawed.
 

angelnish

Active member
145 1
Super myth: Buy and Hold, it will go back to the opening price.
 

higherSelfishness

Active member
103 9
2. The forex market is rigged

I've never understood this. I don't get that whole idea. I think the propagation of the idea goes something along the lines of this: a trader is convinced he's made the right decision and then someone else with more "privileges" than you comes in and fraudulently makes the market do "what it shouldn't have," thereby negating your "perfectly sound decision, which should have worked if not for these a-holes coming in and effing everything up." I think this logic is arguable on many levels, though I'm not insinuating it's the logic you bear.

What do you mean by "rigged?"
 
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