Forex Myths

[Patricia12]

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.

 

[The Leopard]

If number 2 is true, number 1 makes perfect sense.

 

[rathcoole_exile]

3. forex is a good trading vehicle for newbies

 

[The Leopard]

3. forex is a good trading vehicle for newbies

It's probably the worst. They'd be better off trading guns or drugs.

 

[wackypete2]

4. I lose all my money to my four ex's.

Peter

 

[hwsteele]

4. I lose all my money to my four ex's.

Peter

Then your going to tell me all your ex's live in Texas right?

5. That 4X is spelled forex.

 

[Atilla]

Then your going to tell me all your ex's live in Texas right?

5. That 4X is spelled forex.

I thought that was Australian beer or something they wouldn't give their wives right? 🙄

 

[wackypete2]

Then your going to tell me all your ex's live in Texas right?

No, thanks to me 🙂thumbsdow) all of my ex's drive Lexus'

Peter

 

[Alexander0884]

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]

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

 

[jeffstar]

Keep searching and you will find the Holy Grail of EA's.

 

[higherSelfishness]

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?"

 

[Patricia12]

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

I am agree with you. However it is not super myth.