What Is Forex? Is It Scam Or An Earning Opportunity?
11/10/2010 bux ptc tips, What Is Forex? 0 comments
Greetings fellow surfers, it's been quite a while since i updated this blog because i've been busy on my other project and don't have much time to update.. :) Wokeh, On this post we'll talk about Forex (Foreign Exchange), i believe most people out there already aware the pro's and con's about Forex, but for those who don't quite undertand on how Forex works, check this out..What Is Forex?
Forex or foreign exchange is an industry which is based on generating profit from currencies value changes. Although it might seem that forex trading is huge opportunity to make money fast most of the forex traders end up in lose. Why? Because forex exchange market is a "zero sum game". This means that there is a limited amount of money on the market and if someone makes money other person has to lose it. In long term it is most probable that every trader earn that much as he loses, that makes his profit in long run zero.
Who is making money from forex?
You should understand that currency exchange is a risky business. It is very hard to predict the future currency trends because financial markets are chaotic processes which are influenced by too many variables out of traders’ hands. This is the simple fact which is not accepted by many gullible individuals who believe there is a secret mathematical formula that will reveal the secrets of profitable trading and that’s how forex robot was born..
What are forex robots?
Simply said forex trading robots are software developed to become "perfect brokers". Forex robots should be able to evaluate every situation at the market and decide optimally to generate maximum profit. Does is sound too good to be true, well it is…
Is forex robot scam?
Forex robots are usually based on past performances of the markets but unfortunately since the market is chaotically changing this past result do not guarantee that the market will behave the same way in the future as well. Just think about that do you think if these forex robots would be that profitable would they be for sale? If the developers would be making that huge income as they promise on their websites why would they need money from selling these robots? And why would they give you the same powerful trading tool and lose their own advantage on the market? The answer is simple, these robots are just the tools which represent illusion of great and easy earning opportunity for everyone. But this illusion is making money in most cases only its developers and not the common traders.
Conclusions
Is Forex a huge scam or a huge earning opportunity, it it up to you to decide because most people really can make money through this platform but most people don't because it's a risky investment unless you really know what you're doing.. For me personally, Forex is a huge opportunity to generate extra income to support your household other than your montly paycheck :) .. May the force of Forex be with you, Click smart and let the good times roll!!
Tags: bux ptc tips, What Is Forex?
Sharing is sexyRelated posts
0 comments for this post
Leave a Reply