Here we gathered the most interesting of common myths about trading on Forex. Some of them you already might know from somewhere, but we decided to give more simple explanation for those who might be scared off by technical details.
Did you believe in any of those myths? Read and let us know what you think in the comments below.
#1 You can achieve 100% profitability
Losses are an inevitable product of trading, and every trader/system may encounter them. Unfortunately, perfection can never be achieved, even the biggest traders lose money. There are thousands of anonymous participants in the market. Each of them has his/her own goal that you cannot know beforehand.The trader is at fault only when he fails to follow his plan, regardless of the outcome (win or loss) of a trade.