{"id":32017,"date":"2012-09-02T12:04:20","date_gmt":"2012-09-02T16:04:20","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=32017"},"modified":"2012-09-02T09:05:48","modified_gmt":"2012-09-02T13:05:48","slug":"5-forex-myths","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/09\/02\/5-forex-myths\/","title":{"rendered":"5 Forex Myths"},"content":{"rendered":"<p><!--[if gte mso 10]&gt;--><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">Forex trading, the exchange of foreign currencies, has become extremely<br \/>\napproachable and therefore popular especially in the online sphere. This<br \/>\ngrowing popularity led to a plethora of <a href=\"http:\/\/www.moneylistings.com\/comparesites\">online Forex brokers<\/a>,<br \/>\nlessons and sometimes misleading information. Here we will review and refute<br \/>\nthe most common and confusing myths that surround the Forex market:<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><strong>Forex is a type of Gambling<\/strong><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">Though trading Forex may be risky, but the risk derives from the<br \/>\nchanging markets and not from the odds set by the house. Trades who understand Forex market movers and drives can maximize their profits and minimize their<br \/>\nrisks and losses.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><strong>Trading Forex is Easy<span>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/strong><\/p>\n<p class=\"MsoNormal\" dir=\"LTR\">Not all Forex myths describe foreign exchange trading in dark tones;<br \/>\nsome of the myths are too positive to be true. Trading Forex isn&#8217;t easy as it<br \/>\nrequires thorough study of Forex charts and analysis types, understanding of<br \/>\neconomic indicators and market movements, and of course experience, self<br \/>\ndiscipline and motivation are helpful as well.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><strong>Stock Trading is like Forex Trading <\/strong><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\u00a0Many traders tend to believe that a successful experience in stock<br \/>\ntrading will guarantee and immediate success trading Forex. The truth is that<br \/>\nthere are many differences between the two financial markets. For example,<br \/>\nstocks usually rise over the long term while currencies are usually traded<br \/>\nwithin a price channel. (Just imagine the global economy if currencies would go<br \/>\nonly on one direction\u2026)<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><strong>Forex brokers take zero commissions <\/strong><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><span lang=\"HE\" dir=\"RTL\">\u00a0<\/span>This myth has some base in reality ad most Forex brokers don&#8217;t take<br \/>\ncommissions in the common definition of the word; but the make money on your<br \/>\nbid\/ask spread instead. (You don&#8217;t expect them to work for free do you?)<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><strong>Trading Demo Accounts indicates your future success as Forex trader<\/strong><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><span>\u00a0<\/span>Though demo accounts are great practice tools for newbie Forex traders,<br \/>\nyour success trading &#8220;fake&#8221; money won&#8217;t necessarily provide an<br \/>\naccurate indication of how well you will success trading your actual money. The<br \/>\nsignificant psychological difference between trading with &#8220;pretend&#8221; money<br \/>\nand trading for real makes all the difference.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\"><span lang=\"HE\" dir=\"RTL\">\u00a0<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">We hope that the revelation of these <a href=\"http:\/\/www.moneylistings.com\/specialistreviews\/10-forex-trading-myths\">Forex myths<\/a> will help you better understand the Forex market and the way it operates. You can make money trading Forex, but not necessarily by trusting those who promise fast and easy profits.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: left; direction: ltr;\" dir=\"LTR\">\n","protected":false},"excerpt":{"rendered":"<p>Forex trading, the exchange of foreign currencies, has become extremely approachable and therefore popular especially in the online sphere. This growing popularity led to a plethora of online Forex brokers, lessons and sometimes misleading information. Here we will review and refute the most common and confusing myths that surround the Forex market: Forex is a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/09\/02\/5-forex-myths\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;5 Forex Myths&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32017","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=32017"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=32017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=32017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=32017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}