Abstract：As we know, not a few people think that forex trading is a matter of luck and luck. Whereas in reality, not all the assumptions that are said are true and maybe just a myth. However, many people believe in it, especially in Indonesia itself.
A novice trader may be afraid to start because they cannot distinguish the forex facts and myths that are widely circulated in the community.
For someone who is not yet familiar with this business, forex trading is often considered as a business that can provide quite a large profit in a relatively large period of time.
As we know, not a few people think that forex trading is a matter of luck and luck. Whereas in reality, not all the assumptions that are said are true and maybe just a myth. However, many people believe in it, especially in Indonesia itself.
So, therefore, it is important for you to be able to understand and also distinguish between the myths and facts about forex trading. Therefore, here are some facts and myths about forex trading that you need to know.
Have you ever heard the word that forex is gambling？ Well, indeed the assumption that forex trading is the same as gambling is one of the myths that is developing in the community, especially in Indonesia.
When we look at the speculative aspect, it is true that the assumption that gambling and forex trading can be said or can be the same, why？ Because the capital used can run out in the blink of an eye.
However, forex trading has different aspects and what distinguishes it from gambling activities which can be said in fact only relies on guesswork and luck, namely, strategies and analysis of the real price movements that occur in the forex market around the world.
In fact, its not easy for beginners to understand about forex facts and myths, especially about this one. We can see for ourselves that not all traders are able to see or monitor the market all the time in every day.
This myth about forex trading may arise because of the fact that the forex market lasts for 24 hours or all day. Most of the professional traders trade on the forex market every day only by closing their trade positions at the end of trading on the same day.
Not only that, but professional traders also only enter the market based on the trading plan that he has prepared beforehand.
It is different again with most novice traders where he often spends his time just in front of the monitor screen from morning to night, or maybe until the market closes his trade.
when in fact, it is enough to use pending orders to be able to manage positions and transactions, it means a trader does not have to bother anymore to constantly monitor the market every day.
People might have difficulties to tell the differences between forex facts and myths. Maybe this statement you often hear or is the most commonly found and also believed by novice traders.
One of the reasons may be because to be able to make money from forex traders is not as easy as turning your palms over.
However, don't forget that, there are not a few people out there who have to dedicate extra time, energy and effort even to the point of cost in order to be able to successfully generate profits consistently from these trades.
But it turned out to be just a myth. This can be seen from whether someone is talented or not, forex trading can still be learned and controlled by anyone and whatever the background, especially if you join the best forex broker.
So with this, with you through assistance and proper forex education from the Salmamarket forex broker, then there is nothing impossible that you can master the forex business easily.
When you join a trusted broker, then you can join a community that can support your development. You can also find out more about forex facts and myths.
It's no secret that in the world of trading, the most difficult thing is realization. Everyone can expect to be a successful trader, a trader who wins a lot of money, to a millionaire trader. But all this could be a dream if they didn't try to chase it.
Foreign exchange has been developed and turned into something big in all of society. Not just office employees, but also students, kids in school, housewives, and even the unemployed.
Pip or price interest point or percentage in point is a measurement tool associated with the smallest price movement any exchange rate makes. Usually, there is four decimal places used to quote currencies.
Worries about how the European Central Bank will react also undermined sentiment after Germany's Bundesbank chairman Joachim Nagel lashed out at the ECB's plans to try and protect heavily indebted countries from sharp increases in lending rates.