What are the Most Common Claims of Forex Newbies

What are the Most Common Claims of Forex Newbies

What are the Most Common Claims of Forex Newbies

There is no denying that though a lot of people claim forex trading can make you rich, most newbies feel otherwise. Yes, they feel different and they are wondering why others seem to earn a lot trading different currencies. Are you one of them?

Do you also feel that those you read about forex trading are just scams to lure you in? Here are what most forex newbies claim in the forex boards :

The market is simply against them

Yes, this is how they feel like no matter what they do, they can not just get everything right. It seems that they only end up losing every time, like the market is really not in their favour. However, this is not true of course and for sure, they are aware about it. It is just one of those bad forex trading days.

I am scammed by my broker

Though this is also believable as there are really so many brokers who are inclined to take advantage of their clients, still you have probably read a lot about it online already. If you really think this is the case, there are appropriate steps you can do. Next time, you should make sure your broker is legit before you hand out your hard earned money. There are now a number of sites that can help you do that.

Forex trading cannot become your main source of income

While this is true, this is also untrue at the same time. However, for a newbie, this can be true. If you are told that you can become a millionaire inn just a matter of weeks in this industry, I am telling you that is most likely untrue!

Forex trading might be known to be rewarding to some but it is only after they get the hang of this world.