The reality of forex trading

[Dave Phan]

This may be a repetitive discussion but it is prudent we talk this issue of exploring investments options clearly to help innocent and genuine investors form being exploited by unsuspecting liars through being hyped. during the past months a lot of guys have complained that they have been conned and fleeced their funds by guys of "forex"( a guy called gabby complained of being conned 350k by woman,mozenrat also complained of being conned by a guy called Andrew Njoroge Kang'ara,and many other also are out there,and others have tested the market after being hyped and have burnt their hard earned savings. the burning question here is are the people being conned through ignorance or the investment is a scam as purported?

Forex investment is a genuine investment like any other financial market in the world and it has benefits and risks but the people who have little information about it tend to lure people who have no information to this market through hyping and unrealistic perceptions of the market then in the long run they end up branding the online forex a scam or gambling.
Differences between gambling and investment is that gambling/pyramid depends on myths,get-rich quick,ignorance of information,gut knowledge not supported by any facts,believing in assistance from mechanical methods or signals from place,unrealistic and unjustifiable level of returns,and skewed knowledge and information.
Otherwise investment is depended on having the appropriate information and skills,trading on facts supported by fundamentals,technicals and economic facts,ability to continuous research in the dynamic markets and updating the skills,depending on his knowledge and ability from historic perspective to future projections and a lot of relevant and factual information.
Sadly but reality is that most or all those who have been conned or duped were ignorant of information and they were taken advantage of by those who knew. Most or all who went to invest like many Kenyans like the idea of getting rich fast and not tiring themselves in information and research and they despise the realities of the markets thus they all end up in being burnt badly.Forex investment is a good financial market and have returns higher than most financial markets but the core issue is the approach of the market and the skills the person has in investing.
Beware;
1. In Forex there are no guaranteed returns but a person through expertise can have projections in the level of returns which are realistic,all who say they can give 10 -20% per month constantly are just duping and lying the public! I can say they are just lying the public in getting their funds to other schemes and themselves if well checked don’t have even the ability to trade. An investor with an ability to trade and has expertise will show you his track record of investment and he will expose to you the level of risks and factual information.
2. It is possible to lose part or all of you money in forex but for a managed fund to lose all of your funds is naivety in investment as in forex there a lot of ways where a person can minimize his level of losses to a certain extent where it cannot exceed,if a fund manager looses all your savings it means he dint have money and risk management and he was driven by only greedy. You need to ask the person what is the maximum you will risk my capital and it should be conducive to both of you. I.e. if you are investing $5000 he can risk only $100 at any given time of trade and beyond that you should be notified of your account. That will ensure you keep check on your accounts and fund.
3. You need to know the broker of the said person who is investing your money a. how genuine the broker is(is he regulated by government authorities in that country,his track record and historic experiences and reviews of the broker if is conducive to investment),also if a person is managing your funds you need to know that you are the one who will deposit the funds to the broker and the work of the fund manage will be to trade for you,the account will be at your discretion to close it and withdraw not at your manager will,before he trades you will get into agreement of how and what will be your returns,fees e.t.c.If you have been told contrary then unless you trusted him with your funds you were only duped.
4. You need to have realistic level of returns in the investment you should not be hyped in having unrealistic and unjustifiable level of returns,if you are investing with $1000 it will be of hype if you are expecting $100 a day!! Yes that's possible but how much will you have exposed yourself to risks or the manager will have exposed your funds to possible risks which are very high here,target small but constant returns and like in any financial market the rate of return will depend on the volume of funds. For a novice trader to trade with high returns expectation is only a myth rather than a fact,it needs information and experience for some time. This is not get rich quick scheme but its hard work like in any other financial market. You need skills in money management and stick to your plans no matter how the market will move,be principled.
5. Most or all of you who were trained and tested the market after were shocked the question is were you given the right information and skills or were you only introduced to the market and given the basics!! Unfortunately most are only introduced to the basics only without knowing.
Go to Brokersguru for the full article.

[investme]

Can't believe I wasted 2 mins of my time trying to read it

[Bretney]

Most or all who went to invest like many Kenyans like the idea of getting rich fast and not tiring themselves in information and research and they despise the realities of the markets thus they all end up in being burnt badly.Forex investment is a good financial market and have returns higher than most financial markets but the core issue is the approach of the market and the skills the person has in investing.