For those of you who don't know about Forex, Forex is an acronym for use in international markets, in Forex available currencies of countries that are traded for currencies from other countries in the world.
So it can be said that the prices of assets in Forex are determined by supply and demand in the market.
Forex market is defined as a forex market with the country's currency being traded.
For example, the value of the dollar jumped, then your actions by buying dollars.
Then you wait until the dollar price rises and sell it against other currencies that are much higher.
There are many things that are hidden about forex at this time that maybe you do not know yet.
The following are things that are hidden by forex:
- Forex players cannot be rich by trading.
Dredging profits by using Forex is a major thing that makes people flocking trying to try their luck through forex.
But if you over-expect to become a rich person from forex, this will not just happen.
- The advantage of forex is that it has leverage that can increase the strength of a trader's transactions.
But the higher the value of leverage, the higher the risk you face.
- Lots of traders feel that trading on a demo account is futile.
Even though skilled traders still need a demo account as a trading system tester.
- Lots of forex brokers have become scams.
So you have to be vigilant and be careful.
You can lose various profits and money when you run Forex.
So you have to be careful and be prepared for the risks that you will receive when playing Forex.
- Not everyone is suitable to play Forex.
Only people who fit the forex criteria are able and suitable for profit when playing on Forex.
Forex is for people who can be patient to determine the momentum when to move and when to stop.
So that people who can read the movements of forex who can play profit on Forex.
Linkback: https://www.forex.zone/general-forex-discussion/1/hidden-things-in-the-forex-business/2806/