My Experiences With Forex Trading – Part II

As a Forex dealer, I had some issues with my customer in the past. When you are dealing with someone who is serious about their currency and has good information to trade, they can be hard to deal with.

 

When I started with a company that was considered to be for the more long-term investors and a bit of a new broker/dealer, he was always asking me, "How is this product performing? Do you think it is going to do well this week?" He knew how to manipulate currency and trade on your account for money.

 

He also knew the problems with the system and wouldn't take no for an answer when I would try to give him any input. What was happening was, he was going after the buyer's bias in his system, which would stop me from working with him. Now I am a trader myself and know what he was doing, but I wouldn't go that far with a new trader.

 

Some sellers out there will take advantage of the fact that you are new to the game. They will try to get you involved and to work their system on your account. You can stop them from doing that but you will end up losing more money than you can afford. Not to mention the fact that they could have been right and they would still have gotten away with it.

 

Once you do get with a company you can start to get your head around the currency markets and learn to use the company's software. But if they don't tell you everything they are going to give you, you will end up trusting them for your accounts. Unfortunately that's the thing with Forex, you have to be able to trust someone for a long time.

 

I understand the frustration a trader can feel when dealing with a forex broker or brokerage, because some people really are out to scam you. Not all people are cut out to be traders, but most people out there are willing to help.

 

If you want to find out about some great things that some companies do for new traders, then you can find out about that. If you are only looking for information about one company, then you can look for other things and get some peace of mind. There are ways to find out about more than one company at once so you can have peace of mind.

 

The most important thing is that you can trust your investment broker or trader with your money. Remember, they know what they are doing, that is why they are the brokers. If you get scammed by one, then you will probably end up losing more money than you can afford.

 

But I don't want to scare you away from Forex. I want to let you know that even if you feel like you are in over your head, that it can still be a lot of fun. Just don't go overboard and put all your eggs in one basket.

 

Once you get into the game, you will need to research and trade and learn to read and interpret charts. You will eventually learn to just trade and watch the markets.

 

When you do learn to read the charts, you will find that this is what is going to help you decide on which direction to trade. Keep in mind that this is not something that you need to be an expert in, you just need to learn how to interpret the charts.