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Who among us would not like to earn money without leaving home, spending only 2-3 hours a day on some activity. And this is precisely the perspective offered to us by brokers offering to play with currencies on the Forex market. Therefore, many people think to themselves: "it's worth trying, if others are making money on it, why not me?". Unfortunately, the reality is completely different, and not many people earn money in the Forex market. Well, news forex-news will help you forecast correctly.
Why is this happening?
Let's start, perhaps, with an explanation of what the Forex market is. This is a global exchange where players from all over the world can buy and sell currency 24 hours a day. And how can you earn?
- Of course, you need to buy cheap and sell the trip.
- It seems extremely simple, but in order for someone to earn, someone must lose. That is, it is already clear here that there is no possibility for everyone to earn money on currency trading.
- We also have to take into account the fees charged by the currency broker, which again reduces the possible profit.
- However, the most important reason for the losses of players in the Forex market is the fact that it is simply extremely difficult to predict how currencies will behave.
Because their prices are affected by a huge number of factors that we usually have no influence on. Because what influence do we have on the weather in the USA, and even this factor affects the value of currencies. Or how do we predict whether interest rates in Great Britain will change or not? Of course, we can search for information on the topic, we can analyze it independently or on Internet forums, but we will never be completely sure. There are thousands of such factors affecting the price of currencies.
Recommendations of experts
We also have to take into account the fact that the Forex market is not only played by individual people, to whom we have just referred. The largest part of the market is occupied by large financial institutions, in which a whole group of specialists with financial education works, which, of course, allows them to better plan and make purchases. Of course, such institutions very often try to create a currency market (sometimes in an illegal way), which is helped by a huge resource of financial instruments.
To earn money, we will need the necessary knowledge, experience and a considerable amount of luck. Therefore, before you decide to invest in currency, firstly, think carefully, secondly, look for as much information as possible on this topic, and thirdly, count on luck.
