Misinformation about Forex

Misinformation about Forex It is often said that forex trading is taxing emotionally and mentally. A lot of new traders who get into this market are not prepared for the mental labor and discipline required by it. For anyone who is thinking about joining the forex market, there are two kinds of opinions and advice out there:

1. ‘Don’t do it! You will lose all your money!’

2. ‘It’s great! My friend made a million dollars his first year.’ Unsurprisingly, like with most things the truth is actually somewhere in the middle. Let’s dive in. #1. Forex is NOT a scam  Yes, you heard that right. Forex is not a scam.There are a lot of scammers in the market, sure, but the market itself is too big to be a scam itself. Multiple trillion dollars run through it after all and you have governments and big banks participating in it.


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