Forex pros and cons.

The prospects for quick and easy money attract people of any age; one of these categories includes trading on the Forex currency market.

What lies behind the apparent simplicity of trading and how realistic is the earnings in this field of activity?

First of all, a beginner is concerned with the question: Is Forex not another pyramid scheme for pumping money out of the population and how realistic is it for a novice trader to make money there? 1. Forex is not a pyramid - firstly, it should be noted that the exchange itself has existed for about 50 years, trading on it is carried out not only by domestic dealing centers , but also by large banks in countries such as Switzerland, Germany, Austria, etc. The only difference is the requirements for the client’s initial deposit; if in our Dealing Centers you can start trading with literally a couple of dollars, then European banks prefer large clients with deposits of 10,000 dollars or more.

2. The reality of making money for a beginner is to strive for zero, due to the fact that most beginners simply ignore the basic rules of Forex .

Usually the first earnings appear after a few months of work. 3. Opportunity to earn money quickly - the range of earnings is simply huge, pros earn from 5% per month to 500% per day, the amount of earnings directly depends on the trading strategy and the professional skills of the trader himself.

4. The main dangers in Forex are large leverage and the absence of stops, for example, most broker banks limit the maximum leverage to 1:50, thereby protecting their clients from excessive risk.

5. Non-market risks - in Forex, non-market risks include intermediaries through whom trading is conducted; not all of them are trustworthy, and some even work against their clients. large Forex brokers can provide a guarantee .

As with any job in Forex trading, there are pros and cons, the pros include - work online, big earnings, excellent prospects; the cons are also familiar to everyone - high risk and the likelihood of fraud on the part of the DC. There is no doubt that in trading everything depends on you - how correctly you choose your DC and how you structure the trading process; only the most greedy and careless people lose on the exchange.