Is trading Forex really easy ? Absolutely no, Forex advertisements often make indications that forex trading is easy and profits can be done easily from your home and specifically from your bed, these advertisement betrayed a lot of people who then lost thousands and sometimes hundreds of thousands of dollars, entering Forex market needs long time preparations, as example, you can succeed in your bachelor degree if you did not study and pass your tests.
(Source: http://www.inmagine.com )
Why Forex trading is not easy ?
Forex advertisement claimed that Forex trading is very easy due to some considerations which will be discussed below:
Claim #1: You can profit easily if you know direction just up or down, if you know direction of currency up then you will easily make profits.
How to respond about this claim: Knowing direction is gibberish words, what is the meaning of knowing direction, as example, US$ is expected to move up, but against any other currency, sure, not against all, if against all to any time or to any number of pips, it is not easy to say direction is up or down. The problem that most advertisements wanted to prove that trading is easy by explaining ho…