What is Forex? What is not Forex?

Hands on the Money
Who Owns the Metatrader 4
February 12, 2019
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What is Forex? What is not Forex?

Global-Forex-Markets

Global-Forex-Markets

How tempting is the picture right? Money looking very close to your grasp. All the riches are just around the corner. Beautiful mansions, all the time vacation, lots of women, spending money like it does not finish.

This is what Forex brokers show in their ads. In Turkey they write in their ads “Housewife makes 1000 euros a week why can’t you?”, “Are you working 9 to 5. Well this guy makes 1000 euro an hour with just trading”.

These tempting ads are generally brings attention to the typical people and then these people register and most likely lose their real money. One of the main reason is that, they do not have any clue about what are they actually doing.

What is Forex?

  • Forex is a patience game if you really want to call it a game.
  • In this game you are challenging to yourself not just the market.
  • Your greed and fear will be the main factors which will try to guide you while you hit the buy or sell button.
  • It is a market where you cannot make money with just 100 dollars. If you are going to trade you should trade at least 3000 dollars.
  • This place is not for the poor people who cannot afford to lose their investment.
  • You have to prepare to enter this market. You have to study to have a little chance at least in the world of $5.3 trillion a day trading volume.
  • It is a place where only the dedicated people who really want to succeed will win.

What is not Forex?

  • It is not a place for people who are emotional.
  • It is not a place for people who want to become rich quickly.
  • It is not a place for people who are not determined.
  • Definitely not a place for poor people who cannot afford more than 100 dollar to open an account.

We will update our blog if we feel like we need to add more information but currently these are the main information points for the topic what is forex and what is not.

We give these brief points based of 10 years of Forex history. We do trading programs for the traders and we see what works and what does not. We have seen many types of clients and based on those information we are here to help you with your needs.

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