After working long in the field of forex, I've ever had this question many times estimated number of hairs of my head. "Is not Foreign Currency Trading in the forex market is quite similar to gambling?" And before you say "no" I will explain why trading and gambling completely different, let me first explain why this question is repeated on the tongues of the public.
When opening a Forex account, you can not regardless of the duration in which they deliberated, uncertainty and find out what will happen to the U.S. dollar, for example, remains topic Tkhmonaa. Vlhma you have to realize that there are many tools you can use to help you make the decision more accurate and reduce the reliance on conjecture, and make sure you will not find one knows what will happen 100%, and you should not be fooled by some of those who call themselves experts Forex . To calculate mathematically whether trading in this market is estimated at $ 3 trillion, why it clear that this expert billionaires keeps Bamlomath for himself? If they really know the key to eliminating risk in Forex used it, and do not have to anymore wasting time trying to bring you to a forex dealer.
No one knows the "secret forex" You know why? Because there is no such thing at all. You can learn all the technical indicators, fundamental analysis and study until dawn, but there is still a kind of risk when trading in Forex. It is for this reason that a very high percentage of traders end up losing more than they earn.
The difference between gambling and Forex Trading
Numbers: that there are between 2 and 5 trillion dollars are traded daily in the foreign exchange market. But I could not find accurate statistics on how much money passes through the casinos everyday, but I'm sure the numbers do not compare.
Tools: It is true that there is a risk factor involves the trading of foreign currencies, but this does not mean that you are in total darkness. And but there are Aladbd of different schools devote ideology and devoted a lot of time and resources in an attempt to eliminate as much as possible of those risks. There are also technical analysis, and the famous saying "the trend is your friend." There are also Forex News If you believe that fundamental analysis is more accurate, and Overall I can say that Forex is not fortunate. Where you can watch and analyze the forex market for several days prior to the opening of trade and you can practice on a demo account, I not Ijzim but quite sure that these tools do not exist in the world of gambling, which connects your destiny luck.
Feelings: One of the key issues associated with gambling, as we all know, is that it causes addiction. And try to think about why people go to the casinos because of their desire to make money. When you are not taken to satisfy this desire, remains a person tries again and again to lose all his money, and often have the punter more aggressive person from the merchant. While in the foreign exchange trade, the first rule is known to almost every dealer states leave the emotion away from the trading platform, trading in an objective and scientific. And you determine your business goals and stick to them. Of course, this prevents the trade from disposing of its aggression in the event of loss of money. However, the question that arises is, "Is it really possible to leave your emotion out of trading platform"? This brings me to the next point, the use of trading strategies.
Strategies: It is true that there are a significant proportion of traders lose their money, and if you ask me why?, Will tell you that the reason is the way their businesses understand where they trade with lack of strategy. This is the biggest mistake that can be located by the merchant. Before trading Bbvels and one, you need to make some serious decisions about your trading goals. Once you make these decisions, must be implemented by using your trading platform. You should also use a stop loss order to put an end to the emotions that keep you in the trade. The use is profit-taking is necessary to prevent Jhak, man is inherently greedy. My stop loss and take profit basis in trading strategies.
Supports the forex market by financial institutions, the largest and most important in the world. It is true that traders do not deal with the banks, but instead they are dealing with the mediator, and the fact that these organizations provide a much higher level of legitimacy unlike the world of gambling. Unlike gambling, which always faces legal challenges on the front and religious, Valforx own legitimacy as any other market, such as stocks or commodities.
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