Top 5 Misconceptions about Forex

IFCMarkets

Newbie
6 0
I would like to present top 5 misconceptions about Forex that I have encountered with:

1. Forex trading is quite easy
Actually Forex trading market should be closely studied

2. There is a Forex company
There is no such company. Forex is realized through brokerage companies.

3. Commission is to be paid to brokerage companies
The profit of companies come from spreads, the price difference between
buy and sell.

4. “I need to have a great amount of money in order to start trading in Fx
market"
Leverage ratio gives you an opportunity to trade with more money than
you actually have.
5. “I want to exactly predict in what direction the market will move”
The market movements can never be predicted with 100% certainty.
 
 
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