1. Forex Brokers Hunt Stops
Absolutely not. They just don’t need to.
Most forex brokers are market makers – this means that they win when you lose. They know over time that an average of 96% of traders will blow their moneyanyway and that’s great odds if you’re the dealer.
They don’t need to try and get the forex trader to lose; he can do that all on his own. Instead of blaming their broker, the forex traders should look to improve their way of trading (forex trading method, forex ) trading system.
In addition they earn from the spread with any trade you make, no matter if you lose or win.
2. Demo Accounts are Great Way to Learn Forex Trading
Learn what exactly?
Perhaps how the mechanics of orders work, or how to apply technical indicators. But they are of no use whatsoever in helping you trade, because the most important part of the trading experience is absent – your money!
It is trading money that creates pressure and you can’t get that from a demo account. Try trading real money and it’s a lot harder.
So when a broker tells you they can help you trade successfully with a demo account, don’t believe them.
Most traders that make money with demo accounts, burn their money in lifer accounts.
So besides practising with a demo account, you will need a proper forex educatiuon to succeed with Forex.
3. A Forex Broker Can Give You Advice
Never ever take advice from a broker and have a broker assisted account.
Why not?
If brokers could assist you in making money, they would do it for themselves and wouldn’t need a salary! They would all be traders instead. Trading success comes from how you trade - only you are responsible for profits and your currency trading success – don’t let anyone tell you any different.
