Along with the abundance of advertising of various brokerage companies, like mushrooms after the rain, rumors about the stock exchange game and earnings on Forex are also proliferating. In this article, we will try to understand what is true and what is fiction. So, next, some myths about the very possibility of additional or basic earnings on Forex will be debunked or confirmed.
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In our country, there is no forex, the possibility of exchange trading exists only for residents of Western Europe, and even better-America
This is not true.
Forex trading on the Forex currency market is available to residents of our country as well as to residents of other countries of the world. It is necessary to have access to the Internet and an honest dealing center.
It is not difficult to connect to the Internet today, and the choice of a brokerage firm can be made on the basis of reviews on the Internet, on thematic forums. In the end, in case of suspicion, you can always refuse the services of this DC and go to another one. By the way, they do the same with unscrupulous Internet service providers.
It is not clear how to transfer the earned money to cash
This is not true.
There are a lot of quite legitimate ways to withdraw your funds from the accounts of dealing centers. You can withdraw both the money earned and the money deposited earlier to your personal account. It is not possible to withdraw only any promotional, bonus, or other funds. The withdrawal is made to bank cards or accounts of various payment systems.
In the case of operating with small amounts, the resulting profit can be easily withdrawn to WebMoney accounts, and only then be calculated by them – for example, to pay for the services of a provider.
If you operate with more significant amounts, you will need to arrange a withdrawal of funds to a bank card. In fact, it is quite simple – detailed information about the withdrawal mechanism is available on the website of any self-respecting dealing center.
Myth #3
Most of the players on the stock exchange lose all their money
It’s true!
The bitter truth. Most traders, especially beginners, lose all their funds. In the jargon – “drain” the deposit. There are two possible ways out of this situation: either learn how to trade currency yourself, or give your money in trust to a successful and experienced trader.
The first method is more time-consuming and long, but it is quite real. There is a sufficient amount of literature to teach successful trading in the Forex market; almost all brokerage offices provide the opportunity to work on a training account, with virtual money.
Moreover, even experienced market players do not hesitate to use the training account. On it, they practice new strategies and trading techniques; and God himself told beginners to train with virtual money for the first time.
The second method – trust management, is available to everyone. It is enough to choose a competent trader, transfer money to his PAMM account and then receive passive income in the form of profit from the invested funds. On the web, you can also read about various ways to invest in the Forex market, index PAMM accounts, and much more.
Trading on the Forex market takes a lot of time and, thus, it is quite possible to lose the main type of earnings
It’s the truth, is relative.
It all depends on your approach to stock trading. For some, this type of activity can become the main one, look at Konstantin Kondakov, Veronika Tarasova and others. For some, Forex trading is just a game or a form of additional earnings. In addition, no one denies the possibility of obtaining passive income with the help of the Forex market. Thus, the time spent on exchange trading or activity in the Forex market depends solely on you.
So, the article covered the most popular statements about the existence of the Forex currency market. I hope this publication will help those people who are just beginning to be interested in this area of financial activity on the Internet.
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