From time immemorial people have got used to listen to opinions of surrounding people. It is enough for the majority to listen to an authoritative opinion whether it is worth doing or not, but even among authentic sources sometimes there are swindlers.
Having appreciated the possibilities of the international currency market, everyone, not depending on whether he has won something or has lost, will leave the positive opinions about Forex, referring that if there are people who earn, it means and it is possible to earn. But as there are adherents of Forex, it means that there should be and its haters. It is enough to surf the Internet on a number of sources completely to doubt about currency gamble, but in the majority, it is hearings and the gossips calculated on attraction of visitors to the other doubtful enterprise. However there are also more powerful sources sowing “truth” and unflattering opinions about Forex.
Adam Hamilton, an «independent analyst» and “expert” who in due time has made a noise in the USA with the “accusatory” works, concerning the financial markets and the market Forex in particular. One of his statements says that the market has turned from an independent dynamic system to a puppet supervised by one financial structure. Hamilton specified that losses of traders are the conclusive proof of the dangerous nature of the market, but in any way a consequence of illiterate risk-management. For a proof of the theory Hamilton gave the incomplete statistics of operations of one of the largest financial structures, cleaning some data to look as the true proof of his belief. Naturally, soon his “works” have been scarified and presented for the general derision. However his opinions about Forex have reached many readers and most of them have changed the sight at the market, and responses about Forex began to move to a negative side.
More recently the dealer with a wide experience, Thomas O’Belcher, has published the book where has told how Forex is seen by the professional participants’ eyes. Opinions about Forex from its active participants associate with gambling, car, sports meets, a market and even we weed fights where the trader battles to the enemy, developing strategy for success achievement. In the book it is described and many other interesting facts as, for example, musicians sometimes predict the market by means of their hearing. Besides, the author opens also some inherent in a professional circle of traders of preference in trade.
«So many people, so many opinions», – the saying is true even in such an area where they rely on superstitions and hearings only in emergency cases. As a rule, each person, having got acquainted with the international markets, understands only what he needs and only after that he can formulate the opinions about Forex, instead of the paper hoaxes paraphrased by a word of mouth. In increasing frequency it is necessary to rely only on oneself and to try everything on own skin, to understand, where the truth is, and where the fiction is. Even the checked up sources appear no more than the cheap sensations, directed only on someone’s benefit.
As in every other sphere of our life foreign exchange market needs some education.
Of course, one can start forex investment and get quite successful in it. But sooner or later the losses will come. This is when you might think “Why did I fail to start with a good forex trading education?”
That does not mean that after reading even the best materials you will start closing trading positions with huge income, but this knowledge will save you from lots of dangers. And even if you make up your mind to get the assistance of a forex managed accounts service, still you will be able to make a much wiser decision.
And some general tips – today the web technologies give you a truly unique chance to choose what you require at the best terms which are available on the market. Funny, but most of the people don’t use this chance. In real life it means that you should use all the tools of today to get the information that you need.
Search Google and other search engines. Visit social networks and have a look on the accounts that are relevant to your topic. Go to the niche forums and participate in the discussion. All this will help you to create a true vision of this market. Thus, giving you a real chance to make a smart and nicely balanced decision.
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