Forex Cons

 Everyone wants to get rich with forex trading, is it not a bad thing but you should know what you are up against. Forex trading is just like any other profession, eg. a doctor, a teacher, a pilot, an engineer, etc. 

Let me help you understand what I mean, to become a doctor you have to study a certain number of years. To become a pilot you have to study a certain number of years also in addition to that you have to do practical and tests before you get the license to fly. Same goes for the engineer, he also needs to study a few years to become an engineer.

But, when comes to making money with forex, people just jump in without knowing anything about forex trading and its pros and cons. All in all people don't have the skills to trade forex and they jump in to make money, but what actually happens is they lose money. When they lose money they say its a scam. Forex trading is not a scam, some people trade forex full time and make money from home. You have to spend time and learn forex trading just like any other profession.

So I will list down forex cons...

* Demands skills to trade forex

* You have to have a strategy

* You need a Risk Management Plan

* You need to be highly disciplined to follow proper rules 

* Sign Up with a reliable broker 

Without any of those above, you will see the bad side of forex trading. But if you spend time and learn forex well then  you might make a very good income from it. 

If you looking for a good broker you can sign up with the broker I use, its been more then 5 years I have been using this broker and has no issues with them so far. Deposit and withdrawal are easy and fast, they also give a NO DEPOSIT BONUS to all news traders who join them. you can use the banner below to get the no deposit forex trading bonus.