Forex Vs Other Businesses

[Unreal]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

 

[Pazienza]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

Joe Punter probably doesn't understand it. Anyway, property is popular because you can't lose at it, right?

 

[marbig]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

The general public are not prepared to learn about forex as it, initially, looks too complicated.
Residential Property is more well understood by most people but you would be surprised how few people really understand the investing principles behind it. Commercial property is considered too complex by the Joe Punter so they tend to stay away from it.

 

[futuresforex]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

Well there are a few reasons. Forex was only available to the retail trader with small accounts only in the past 6-10 years. That means it is only in peoples minds since around 2000 or 2005. That means only the younger generation knows a lot about it mostly.

Also stocks are more popular because they have been around for decades, and because people base a lot of their retirement around 401k's that invest in stocks. So if they have even a little bit of exposure to stocks through their retirement plans, then they obviously feel more comfortable talking about that. Also many people from previous decades may have had some experience placing trades through a stock broker. The same cannot be said about Forex as it is still new (less than 10 years).

I remember when I got started in trading many years ago. The process went like this: stock exposure---> penny stock exposure---> futures exposure--->Forex exposure. Forex was the last thing I was exposed to, as it was just too weird back then. Now it is still more mainstream, but it is still not in many peoples minds.

 

[NVP]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

never fear - there are armies of Junk mail marketeers trying to educate the public to join our ranks and make easy money in only 10 mins a day :smart:

N

 

[new_trader]

The general public are not prepared to learn about forex as it, initially, looks too complicated.
Residential Property is more well understood by most people but you would be surprised how few people really understand the investing principles behind it. Commercial property is considered too complex by the Joe Punter so they tend to stay away from it.

The voting public believe they can’t lose with property and governments will sacrifice almost anything to make sure it’s true.

 

[kimo'sabby]

The voting public believe they can’t lose with property and governments will sacrifice almost anything to make sure it’s true.

The UK property cherry is mostly eaten by the banks, the public get enough of the cherry to make them think buying is good. Reality is the public become mules for the banks.

Its business for the banks, they put all the risk mainly onto the public. Why do banks need such a big deposit? Its only to safe guard against market downside. The 'dumb mules' take on all the stress and worry.

The mules keep the property up to scratch, refurbishment, modernisation etc...for the banks. The banks become landlords essentially, but without the hassle of having to come round and mend the leaky roof, that is left to the mules.

Business is great, especially when you hold all the money(aces).

 

[Wile E Trader]

I think Forex has gotton a little bit of a bad reputation as it is not going through an exchange like the financial futures are.

I also think unlike stocks you don't hear of Millionare Forex traders. apart from George Soros who made his money years ago. you dont hear of forex traders in the sunday times richlist

 

[new_trader]

The UK property cherry is mostly eaten by the banks, the public get enough of the cherry to make them think buying is good. Reality is the public become mules for the banks.

Its business for the banks, they put all the risk mainly onto the public. Why do banks need such a big deposit? Its only to safe guard against market downside. The 'dumb mules' take on all the stress and worry.

The mules keep the property up to scratch, refurbishment, modernisation etc...for the banks. The banks become landlords essentially, but without the hassle of having to come round and mend the leaky roof, that is left to the mules.

Business is great, especially when you hold all the money(aces).

Banks + Government = Fascism

 

[trader-john]

Hi,

For me and many others who live and breathe FX trading ever wonder why it is not popular in the general public? Property seems to pop up in every conversation no matter what industry you’re in, but when it comes to FX which I believe to be a far better business model than any other by far fails to excite people and no one has heard of it. Is it because people view it as a investment rather than a business? Is it because it only got deregulated from the banks in 2004? So, quite new concept?

Thanks.

Forex is a tool to work with risk capital. Not your savings, money for college and so one. You should go with Forex...I'm talking about Forex trading, not gambling... When you have no loans or debts. Do many people can say this? So know you know why not to many people working on Forex.

 

[advfntrader]

95% lose. thats a fact and this is why there is so maky brokers out to push it onto joe public. its too risky compared to property and even FTSE100 stocks (not penny shares)

 

[ForexBeginner]

Not everyone can be a astronaut...
Not everyone can trade forex

 

[rathcoole_exile]

no one has heard of it.

so the 10s of millions who see Villa and Fulham on TV every week in the EPL have never seen the logo FX-Pro and wondered "hmm..." ...... ?

 

[neil]

so the 10s of millions who see Villa and Fulham on TV every week in the EPL have never seen the logo FX-Pro and wondered "hmm..." ...... ?

Thats right, they dont see the logo - they are there to watch the football match. If their thoughts wander it is usually to such esoteric matters as "where is the toilet " or "where can I get a greasy hamburger" and "have I got enough dosh for a dozen pints and a kebab later?"

 

[Unreal]

thing is if 95% of people lose their capital either because of their education or strategy then how comes it doesn't scare off a lot of people there are still millions if not tens of millions of people trading forex for the last 10 years since deregulation? And by the way does the 95% include bank and government as well as joe bloggs. Also, has the 95% study, survey ever been done or is this just a saying in the day trading world?

 

[JRP2891]

thing is if 95% of people lose their capital either because of their education or strategy then how comes it doesn't scare off a lot of people there are still millions if not tens of millions of people trading forex for the last 10 years since deregulation? And by the way does the 95% include bank and government as well as joe bloggs. Also, has the 95% study, survey ever been done or is this just a saying in the day trading world?

1. Everyone thinks they'll be in the 5% winners club, but get rudely awaken.
2. The 95% figure to me means joe bloggs retailers and locals.
3. Brokers don't want this figure getting out therefore it's hard to find anything more than 80% losers. The 95% figure comes from a US study where 95% of new accounts will be closed down due to irrecoverable losses, or completely lost within the first year. Don't ask me where i got that from, just that it's a reliable source.

 

[sighthound]

so the 10s of millions who see Villa and Fulham on TV every week in the EPL have never seen the logo FX-Pro and wondered "hmm..." ...... ?

Rathcoole just read your post and this made me laugh at the flipside of this,a month back I was in my local pub with my mates i have not seen for a while (all of us builders ,sun reading white van drivers) I don't really follow football and was suprised to see the FX Pro adverts around the stand and on the shirts.So I started to tell everyone who they were and what they do,about 5 mins later their eyes had glazed over and it was deemed you could make better money on horse racing as they all do (don't).Its just 'orses for courses I su'pose.

 

[tinyboy]

1. Everyone thinks they'll be in the 5% winners club, but get rudely awaken.
2. The 95% figure to me means joe bloggs retailers and locals.
3. Brokers don't want this figure getting out therefore it's hard to find anything more than 80% losers. The 95% figure comes from a US study where 95% of new accounts will be closed down due to irrecoverable losses, or completely lost within the first year. Don't ask me where i got that from, just that it's a reliable source.

I've heard 95% as well, but when you think about it, 90% or so businesses fail, and this is just another business.

the people that treat it as get rich quick burn out the quickest in my experience. the main reason people blow up, and why I have blown up accounts in the past is for lack of discipline, thats it. Charts and technical analysis can be taught, but the discipline has to be grown from the inside.