"Don't offer forex jobs" or why people are afraid of this word

It's amazing to observe how people's opinions and judgments on various things change over time.

Most people welcomed the arrival of capitalism in the former Soviet Union, assuming they would find a more attractive place in the new society.

But virtually nothing changed: the janitor remained a janitor, and the employee remained an employee, and people once again longed for socialism.

A similar metamorphosis has occurred in our citizens' attitudes toward stock trading, and forex in particular.

Initially, the opportunity to trade on the stock exchange sparked a keen interest among those looking to make a big buck quickly, but as it turns out, this easy pursuit only appears in the movies.

Failures quickly changed attitudes toward this process, and now you can often find phrases like "Forex jobs are not offered" on job search websites. This means that the person who wrote it is likely already familiar with stock trading firsthand.

What was the reason for such a dubious reputation?

It turns out that there are quite a few objective reasons:

• Unqualified work of brokerage company managers - ideally, people who have no idea how to trade on the market should not be allowed into it. Brokers should provide training to their clients before providing them with a trader's trading terminal.

This is what made it possible to avoid those countless drains of deposits , which form a negative attitude towards Forex trading.

• Advisors for automatic trading - also drained a lot of deposits, both personal and deposits of managers with considerable funds of investors.

In my opinion, these scripts should be licensed after they have proven their safety in practice. That is, a certain criterion for the maximum loss per year should be introduced.

• Fraudulent brokers - during the existence of Forex in Russia and other post-Soviet countries, there have been many bankruptcies of large brokerage companies.

Here, only the state can ensure control, which it has begun to do recently, albeit with its characteristic quality, gradually turning exchange trading into a monopoly of certain companies.

• Lack of understanding of the danger – beginning traders don't always understand the risk of loss, so they trade even with money they're not prepared to lose.

In other words, it's not Forex or any other type of trading itself that's scary, but the organization of the process and the oversight surrounding it.

If we look at the US experience, they have a completely different approach and attitude toward trading; many people view stock market investments as an additional source of income in retirement. And restrictions on the use of leverage reduce the risk of bankruptcy tenfold.

Therefore, it's not stock trading itself that's scary, but who does it and how. In our environment, you must independently assess the risks and understand that losing money due to your incompetence and massive leverage is entirely your fault.