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Forex Myths Myths, rumors and legends are everywhere. The forex market is not immune. The new forex trader is likely to be inundated with a number of forex myths, legends and downright falsehoods, so it’s important to separate fact from fiction before your money leaves your hands. Here is a list of just a few: Myth 1 - Forex can make you rich quick Think about forex as a journey, and not a destination. There is no final winning trade; no huge gains; no trade of the century. Advanced strategies like margin trading, options and futures require a great deal of analysis. Traders make money in the forex market by analyzing trends and making smart decisions. The gain on each trade is a small step in the direction of his or her long-term goals. Myth 2 – The forex market is rigged Sometimes you might hear a trader complaining that the market is against them. Every trade they make is a losing one. They blame the broker, the interbank, the government, the timing. The truth is th...

AN INTRODUCTION TO THE FOREIGN EXCHANGE MARKET Before I’ll describe forex market I’d like to say why I have choose this subject for this article. First of all I really think that still exist people which don’t know about this activity and I strongly believe that in our days it’s a must, especially for those people how want to double or triple their profits from their own business. This article was created from a collection of structured data and I wish that through this article to familiarize yourself, more with the currency market. Personally, like many others I was also mistaken that it is a business only for banks. I was surprised when a friend of mine told me that this business is not only for banks and companies. He was into this business and told me that is earning good money. Later when I logged on to my computer and searched for forex I was nearly shocked to see that 30% of forex industry was held by the individuals. 30% of $7 million industry means a big ...