There are many forex myths that traders believe as the truth. Forex trading is often considered a business that can provide large profits in a relatively short time. 

Not even a few people think that forex trading is a matter of luck, sometimes profit and sometimes loss. It's like gambling. In fact, not all assumptions are true and are just a myth that is widely believed by the public, especially in Indonesia.

So, it is important for you to understand and distinguish between myths and facts about forex trading which is one of the types of transactions in the largest financial market in the world.

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Forex Myths: Its Complicated

This statement is the most commonly found and widely believed by novice traders. The reason is because, to be able to make money from forex trading it is not as easy as turning your palms over.

Then, is forex trading difficult is a myth or a fact？ Myth. Regardless of whether someone is talented or not, forex trading can still be learned and mastered by anyone and whatever their background.

So, by going through the right forex assistance and education from experienced traders or Salmamarket forex broker, you can master this forex business so easily.

Forex Trading Is Gambling

The assumption that forex trading is the same as gambling is one of the forex myths that has developed in the community, especially in Indonesia. From the speculative aspect, its true that gambling and forex are similar because the capital used can run out in the blink of an eye.

However, forex trading has other aspects that distinguish it from gambling activities which in fact only rely on guesswork and luck, namely, strategies and analysis of price movements that occur in real forex markets around the world.

With the strategy and analysis aspects of forex trading, it is possible for everyone, including you who will enter the world of forex trading, to be able to generate maximum profits from each transaction.

Forex Trading Requires Big Capital

Until now, the forex myths regarding the amount of forex trading capital needed is still growing in the community since its inception.

In the past, not many people had access to the forex market in order to develop their existing capital and wealth. At that time, forex trading could only be done by people who were really very rich.

Unlike today, where now there are many intermediaries available, namely, forex brokers who can connect you directly to the forex market to seek profit from each trading transaction.

Even today, you don't need to be someone who is really rich and has a large capital to be able to trade forex. Precisely with a relatively small capital, you can become a rich person from forex trading as long as you are disciplined, consistent through each process and join the best forex broker.

Forex Market Can't Guess Where It's Going

While the fluctuating movements in the forex market and other financial markets for most people at first glance it looks like something that moves randomly and can't see what the pattern looks like.

In fact, the movements that occur in the exchange rate of a currency pair often show certain behaviors and patterns which then become a price trend.

The existence of the price trend is an important factor that is always used by forex traders as a reference in conducting technical analysis to find out the direction of the next price movement.

The goal is of course to determine where he should open and close positions in order to benefit from the transactions he will do. In fact, it is so important to recognize price trends, there is a saying that in forex trading, “the trend is your friend”. 

This adage is often conveyed by professional traders to beginners to as much as possible always follow the price trends that are formed at the same time. Those are the forex myths and the truth behind them that every trader must know.