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Forex Trading Myth
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[QUOTE="theolove2021, post: 157424, member: 28307"] #1 – Forex Trading is Easy Among the most prevalent of forex myths that many newbie traders believe is that trading the forex market is easy. Nothing could be further from the truth. Trading currencies successfully can be one of the most challenging endeavors an individual can undertake professionally. But if you have the right mindset combined with the right trading method, believe me, that your trading journey will be more easier, and what you can achieve in 10 years, you can do it in 2 years #2 You Need to Have a Lot of Money to Trade Forex: Back when online forex trading was unavailable, retail traders pretty much did not have access to the Interbank forex market unless they happened to be very high net worth individuals who could trade amounts over $1,000,000.Happily, with the advent of online forex brokers, forex trading is now available to just about anyone with a modern computer, an Internet connection, and a modest amount of money to put at risk. #3 The Forex Market Moves Randomly: While the fluctuating movements observed in the forex market and other financial markets have been theoretically modeled using something known among statisticians as a “random walk”, which could be likened to the staggering of a drunk on a sidewalk, the fact remains that the exchange rate of currency pairs can often exhibit trending behavior that is far from random. To your success Theophilus S. [/QUOTE]
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