Most of us have heard the word forex and many think of it as a very high investment returns, but without knowing how to trade currencies, the forex market is simply where currencies are traded. Unfortunately, many people have been fooled into believing that forex is easily done without any knowledge and because of this, have lost significant sums of money to realize they had been victims of a scam , or in other cases, they believed "fairy tales" as the become billionaire without experience in this market.
The main errors were:
1. Not knowing the model. The mistake made most often by those who lost money investing in forex, or rather by those who believed they were investing in forex, was not to know the unique model of investing in the markets - Managed Accounts . The only how to really invest in the forex market, and for that matter, in any financial market is done through a broker not only regulated but ECN . Once you open your account you can decide between taking the customer buying decisions and selling or appoint an experienced Manager for it. Any other model that involves delivering the capital to a company other than broker, is surely a scam (even if they say they have a corporate account with a broker in the capital of all clients).
The main errors were:
1. Not knowing the model. The mistake made most often by those who lost money investing in forex, or rather by those who believed they were investing in forex, was not to know the unique model of investing in the markets - Managed Accounts . The only how to really invest in the forex market, and for that matter, in any financial market is done through a broker not only regulated but ECN . Once you open your account you can decide between taking the customer buying decisions and selling or appoint an experienced Manager for it. Any other model that involves delivering the capital to a company other than broker, is surely a scam (even if they say they have a corporate account with a broker in the capital of all clients).
2. Do it on their own without the necessary training. Another common mistake is to go with the false advertising of many brokers who claim the $ 200 to $ 5,000 can be won in a matter of weeks! only recommendations called experts (who are really just employees account executives broker), or after taking a seminar, regardless of experience or the necessary steps to operate the markets successfully .Remember that most the broker who makes such advertising are " market makers "who are working in the form of casino and obviously want the client loses.
3. Choosing a manager greater profitability based on who "offer." Any manager can promise high returns but few can deliver. The key is to look at past performance and look for consistency, levels of drawdown, profitability is not only important, it is even more risk. Remember that greed is the greatest impediment to success in investment and not necessarily a return on the clouds is a good investment because you do not know if the risk is assumed to consegurila so high that you could lose all your capital very easily.
In conclusion, if you wondered if you can get to win in the forex market and if it is a good investment, the answer is yes but only if you take care not to commit any of these errors mentioned.
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