by skysnap » 02 Dec 2016, 06:33
Most of the time when you hear anything about the forex, you hear some golden stories. But in reality, that is not how it works. Nobody in the forex market is as successful as they show you. Here are some of the signs that forex is more or less a honey trap than reality.
Image credit - stocksnap (free)
1. You can't make money overnightMany forex sites and the software companies tell you that you can make 100$ a day. Some even claim you can make 1000$. But that is just not true. You have to understand that no matter what they say you can't make money overnight. And there is no magic button for such profit. It takes a lot of time to even reach that sort of money in the bank. I have realized that such type of earning is not possible at all.
2. Free bonus is useless. Many forex companies and the sites offer free bonus. Remember you can't make 1000$ from the 10$ bonus offered on some site. No matter how much that could help you. It can't go on earning you 1000$ or more. You just have to work harder on other means to turn that 100$ to 500$ and so on. This sort of change in earning is horribly hard. And most of the people simply can't do this anymore. Sites offer free bonus because they know we lose the money.
3. Software and Trader is irrelevantNo site or company can offer earning in your hands. Get it correct. Nobody out there can make your earning double. That is the real truth. You have to make sure that you earn on your own in forex. There is no software that can save you from bad trading. There are no sites that can do that for you. As the trade is lost or gained, they have no difference. they only make money when you trade. So they get you to trade.
4. No Local currencyMost of the international forex sites and software are from Belize and Cyprus. So you can guess they never work with local currency of many countries. And this should ring a bell in your head. And you need to understand that most of such sites and software are pure setup of money draining. They don't have paypal withdrawal for same reason. And that is one reason you need to understand such investment are not at all worth it. And you have to ignore such investments.
5. My friend made lot of moneyThat typical claim of my friend on facebook made a lot of money. I made 1000$ dollars every month. And what not. Such claims are not even worth taking for another look. You have to focus on real claims that you see yourself. Don't fall for my friends uncle made money. Or my friend got some car and house claims. Those are not worth it. Even if those are true. You can not make money based on exact scenario applying in your case.
As you can see forex is one of the honey traps that drains a lot of money. And people have to understand that in order to make some decent money, you need some better traders guidance. And that never happens. So ignore the forex unless you have money to lose.
Most of the time when you hear anything about the forex, you hear some golden stories. But in reality, that is not how it works. Nobody in the forex market is as successful as they show you. Here are some of the signs that forex is more or less a honey trap than reality.
[img]http://i.imgur.com/Xc9Y6JK.jpg[/img]
Image credit - stocksnap (free)
[b]1. You can't make money overnight[/b]
Many forex sites and the software companies tell you that you can make 100$ a day. Some even claim you can make 1000$. But that is just not true. You have to understand that no matter what they say you can't make money overnight. And there is no magic button for such profit. It takes a lot of time to even reach that sort of money in the bank. I have realized that such type of earning is not possible at all.
[b]2. Free bonus is useless. [/b]
Many forex companies and the sites offer free bonus. Remember you can't make 1000$ from the 10$ bonus offered on some site. No matter how much that could help you. It can't go on earning you 1000$ or more. You just have to work harder on other means to turn that 100$ to 500$ and so on. This sort of change in earning is horribly hard. And most of the people simply can't do this anymore. Sites offer free bonus because they know we lose the money.
[b]3. Software and Trader is irrelevant[/b]
No site or company can offer earning in your hands. Get it correct. Nobody out there can make your earning double. That is the real truth. You have to make sure that you earn on your own in forex. There is no software that can save you from bad trading. There are no sites that can do that for you. As the trade is lost or gained, they have no difference. they only make money when you trade. So they get you to trade.
[b]4. No Local currency[/b]
Most of the international forex sites and software are from Belize and Cyprus. So you can guess they never work with local currency of many countries. And this should ring a bell in your head. And you need to understand that most of such sites and software are pure setup of money draining. They don't have paypal withdrawal for same reason. And that is one reason you need to understand such investment are not at all worth it. And you have to ignore such investments.
[b]5. My friend made lot of money[/b]
That typical claim of my friend on facebook made a lot of money. I made 1000$ dollars every month. And what not. Such claims are not even worth taking for another look. You have to focus on real claims that you see yourself. Don't fall for my friends uncle made money. Or my friend got some car and house claims. Those are not worth it. Even if those are true. You can not make money based on exact scenario applying in your case.
As you can see forex is one of the honey traps that drains a lot of money. And people have to understand that in order to make some decent money, you need some better traders guidance. And that never happens. So ignore the forex unless you have money to lose.
