Reasons why forex in the books is a fallacy and why the best forex book you will ever read is the one authored by you - forex options trading demo

Reasons why forex in the books is a fallacy and why the best forex book you will ever read is the one authored by you ~ forex options trading demo

Text book theory suffers one grave ailment- the past. You could claim that this can be cured by reviews. But reviewers are members of self serving special interest clubs often generous with their five star ratings. Forex texts rarely provide the real financial cost of trading forex online. A lot of the real detail of the cost of trading forex online is lost in the juiciness of reviews and extremely generous offers in form of bonuses being advertised by forex brokers.

The text book chapter on forex capital states that a forex trader should start small without defining how ideally small a forex trader’s first deposit should be. Some forex brokers state that a forex start up capital not less than $100 is okay for a beginner. Others go way down to provide for the trading of forex with a deposit of $25 or $50. Forex broker’s reviewers are actually awarding five stars to a forex broker for the mere reason that that particular broker accepts a small amount from traders.

Can $25 sustain an amateur trader and shield him off the inevitable effects of a margin call? It surely cannot. Not with paying for the spread, the roll over costs and a losing trade; and how about the bank charges as you transfer the money to your broker? It means that you need more than $25 to open a forex trading account.  This micro and mini forex accounts are a way of making easy money from a forex beginner because they encourage trading live even without demo trading. The pinch of losing $25 is not as hurting as the prospect of losing $1000.

 We forex traders are not living la vida loca. The good life as envisioned through the portrait of a successful forex trader is an illusion- at least to the majority of the forex beginners. The trading acumen of the pro forex trader is a reserve for the large institutions with money to play it big. Forex texts enforce the false belief that you can make 100 to 200 pips per day in your trading of forex. The texts rarely add the rider that making such an amount of pips is preserved to the highly skilled hedge fund managers and banking institutions. Not even the use of a forex indicator can see the realization of this fallacy.

Forex traders are not laughing all the way to the bank; although that is the promise from the texts marketing forex indicators. Forex and easy money are not analogous. That is a false parallel drawn by the forex reviewers and text writers to lure you into their preferred broker’s trap. In the forex market any belief in easy money is in bad taste. A Forex indicator travesties the gullible position of most forex beginners in search of the holy grail forex trading system.

 In conclusion, rely on the forex texts and you will turn into a mere accessory to the forex broker’s ascendancy to wealth. Keep questioning the credibility of the forex trading systems and forex indicators that promise hundreds of daily pips. Above all be careful with how you view your $25. It is not a small amount if you keep refinancing your forex account after every trade.
You do not need huge capital to start trading. Open a trading account with NORDfx and trade both forex and binary options for only 10 dollars.
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