Well explained, actually forex is a complicated thing to understand and also it is not everyone's cup of tea.People are scared of things they don't understand. For example, if a person from the eighteen or nineteen century sees a smartphone, it would scare the life from him. Forex is a complicated thing to understand. That's why people are scared.
People are scared of things they don't understand. For example, if a person from the eighteen or nineteen century sees a smartphone, it would scare the life from him. Forex is a complicated thing to understand. That's why people are scared.
True. People lack psychological and management skills which they need to skill at when dealing with Forex.Forex trading is risky too but on the other side, it is profitable too. So we should have proper money management plan and strategies to tackle the factors like loss and greed.
so... i tried to post something (First reply ever)The first and foremost reason why people are scared of investing in forex market is because of the huge losses they incur while trading in the highly risky forex market. The main factor is the hard earned money.
You can easily hold are breakeven levels if you honor basic rules of money management, for example risk no more than 1% from your capital. Trading becomes easily manageable and I really don't understand traders who start to gamble and then say forex is highly risky business.The first and foremost reason why people are scared of investing in forex market is because of the huge losses they incur while trading in the highly risky forex market. The main factor is the hard earned money.