Is forex a scam - forex demo trading india

Is forex a scam ~ forex demo trading india

Is it a scam? Is it a gamble? Can it sustain a livelihood? Is it really worth millions of dollars? The online forex market is many things. And all these questions can be answered both in the negative and in the affirmative. Except for the last two questions, no one loves interacting with forex as a gamble or as a scam. Mostly it will be out of ignorance.

Forex can be a scam. To those traders who have deposited money with forex brokers that later went under, forex is one huge scam. To those that deposited money and traded for profits but can no longer withdraw their money because the broker keeps ignoring every other request for withdrawal, online forex is the biggest scam ever. To these people, society is to blame for sanitizing a draconian institution that robs the world day and night under the watch of toothless regulators. To them, forex is the best example of how capitalism has lost its human face. Be careful with the kind of broker you deal with because the wrong broker can only mean that to you forex will be nothing more than a scam.
Forex trading can also be a gamble. To some traders, there is no distinction between the events taking place in their meta trader 4 platform and the din in the casinos of Vegas. Traders that interact with forex as a gamble seek only to over leverage small positions with hundreds of trades. The end result is often a sad one; the account being wiped out. Gamblers in Vegas rarely go back home with profits because the casino has a lot of money and is always willing to bet against them. The same is true with the forex market. You cannot fight it. Those that attempt to do so are gambling and sooner rather than later, the market gains an outstanding victory against them.

Forex trading can also sustain a livelihood. The transformation can be overnight. Forex could be the only thing you need to live the rest of your life without the stress of a mortgage or how to repay your college loan. Thousands or even millions are living la vida loca (the good life) as a result of trading the forex market. This sort of interaction with the markets is of course reserved for those that have mastered their art of trading the markets. If you know what you are doing, then forex can sustain your livelihood.

Forex is a trillion dollar market. The high volatility associated with it makes it the most traded market. Institutional investors with large portfolios ensure that currencies are active in most times of the day. Small investors are also ripping big from this trillion dollar market with over thirty currency pairs to trade from.
Forex is many things. Fortunately, there are regulations that ensure decency and civility through the threat of sanctions or penalties. But just like in typical society, there are those online personalities that have little regard for laws or regulations. Those are the kinds that turn forex into a scam and a gamble.  

A part of the forex industry will not cease being a gamble. A part of it will also not cease being a scam. Be that as it may, forex remains a good means of sustaining a livelihood and a multi million dollar market. And I do not think that the scammers can ever win the war by stealing from every trader engaged in the trading of forex online. Gambling in forex is mainly caused by failure to believe in ones own strategy. So long as gambling with the markets does not translate into an addiction, there is always room for redemption when you choose to come back home to a place where forex is a means of sustaining livelihood.
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. 

Call us today on 0725 050 419 for the best forex trading orientation.


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You do not need a university degree to trade the forex markets - how to use forex trading demo account

You do not need a university degree to trade the forex markets ~ how to use forex trading demo account

I get to be asked the question whether it is essential to have a university degree many times I introduce people into the concept of trading forex online. A university degree is not essential. Neither is it an added value. The markets know not of first class scholars or students from Ivy League institutions. A little bit of education is essential but not key.

Forex trading is for anybody with the access to internet and a desire to learn or explore. Anybody open to new ideas can succeed in this market. Most of it is self taught and so as long as you can read and write gathering knowledge will not be difficult. A lot of people that I interact with dismiss the concept of online forex trading altogether. But the dismissive characters are often individuals afraid to leave their comfort zones and test themselves with new challenges.

A lot of newcomers in the forex market tend to think that a background in mathematics is essential if one is to have success trading forex online. Whereas that could be true, mathematics is only essential when calculating your position sizing. Risk reward can seem to involve some calculations but it is simply a matter of where a trend moved up to and turned and more often is simply determined by the look of the charts. Position sizing and risk reward do not require a background in mathematics or any of the sciences.

What any trader requires is an ability to communicate. Of course you must be able to read and understand the terms of contract entered between you and the forex broker lest you fall for a scam. You will probably also be trading with a foreign based broker who might only provide sites in languages that do not include yours. An understanding of the basics of the English language is therefore essential.

Problems tend to arise within the first weeks of opening an account and if you are unable to communicate with the broker you will be at a greater disadvantage. Remember that the trade contract is only between you and the forex broker and the possibility of hiring a third party to communicate with your broker is also unthinkable.

Forex, most of it, is about common sense.  Most of the decisions you make in your day to day trading will greatly depend on how you view the charts or market sentiment. That degree certificate of yours is of less significance and it matters not that you failed or scored a pass.

So if you’ve been keeping away from the markets for the reason that you lack a college degree, kick out that idea and begin gaining knowledge from all those sites that give the 101 on forex. This job requires no interview and is mostly rewarding to those with a desire to learn. After reading through and understanding most of the essentials of forex trading, why not open a demo  account and test your new skills. Almost all forex brokers provide free Meta trader 4 demo accounts. I wish you all the best in your studies if this article in any way convinces you to begin learning how to trade the online forex market.
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.

Call us today on 0725 050 419 for the best forex trading orientation.

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