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About trading easy-forex?

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Sep 23, 2015 05:06 pm
#1
Taskin123 User

Posts: 8
Member since: 23/09/2015

 Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words "Forex Broker" and "lose" to see this is the consensus. 

Forex is similar to what we call a "zero sum" game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. The net winnings of everyone combined equals zero. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the "bets" in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game. 

Actually Forex is not quite a zero sum game. It's a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It's a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you. 

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it. 

Sep 23, 2015 05:07 pm
Taskin123 User

Posts: 8
Member since: 23/09/2015

Please what is wrong there...............

Mar 14, 2017 10:38 pm

Posts: 227
Member since: 05/06/2015

I have really not heard of any company like that. I believe Forex is a business where you just need to be confident and back your skills. We don’t need to do anything unique or genius type. We just need straight forward way and method, it will be enough to get us into success, and it helps a lot with broker like OctaFX. They are amazing with their tight spreads, over 70 instruments, cTrader platform where one can trade without slippage and have advance technology in place, so all this works highly in traders favor.

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