3 Most Popular Myths About Forex Trading

Let’s play myth-busters. Specifically, myths about forex. We have gathered for you 3 most popular myths to understand once and for all why many are so afraid to enter the forex market.

1. You need a big start-up capital

Absolutely not! These days are gone when forex trading was only accessible for banks and wealthy financiers. Now forex trading is available to everyone, and many brokers offer excellent conditions in the form of a minimum deposit of 10 dollars.

2. Special education is required

Some people think that to trade on the financial markets you must have a special education. Of course, in the process of work it will be an advantage. But this doesn’t mean that, for example, a psychologist or a doctor can’t become successful traders. Everything depends on a person and his desire to change his life for the better.

3. Trading is not compatible with the main job

But we say that it is compatible. If you have your phone handy, you can trade even on your lunch break.

These were three of the most popular myths about forex. And what ones have you heard? Share in the comments.

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