The Forex market averages more than $5.3 trillion in turnover per day. Forex trading, like any other type of business, has its share of urban legends and misconceptions. These people who are considering trading on Forex will find the following examination of some of the most common misconceptions surrounding forex trading helpful. Forex trading is not a long-term vocationThe use of high leverage in forex trading has helped short-term trading to become more popular. Buy-and-hold investment strategies can benefit from the diversification or hedging opportunities offered by forex trading.

Source: The Guardian July 16, 2022 12:11 UTC