(P) Forex trading between real earnings and myths

While banking interests are steeply dropping, a viable alternative to achieve positive real yields is the forex market, via foreign exchange transactions. Trading responsibly takes place based on a viable strategy, with an amount that has the critical mass to produce consistent income in the long term. TeleTrade clients in Romania have achieved in the last 365 days average yields of between 22.3% and 78.6%. However, many players in Romania do not have a strategy and invest only small amounts, taking into account rumors or myths circulating on the Internet, via private discussion forums. What is the path to a trusted broker, to point us towards a serious strategy and long-term yield? MYTHS IN TRADING In Romania, quality brokers can be counted on the fingers of one hand. They provide customers with stability, safety and performance. A serious broker does not aggressively contact customers and not make unrealistic offers. A first step in losing trust is the aggressive phone call, a sign of a small firm, desperate for money. Here also the misleading information or trading myths tend to appear. What are they and how can we protect against them? 1. THE MYTH OF GETTING RICH OVERNIGHT, without any financial education. The first myth lies in the promise of immediate gain with a minimum investment (usually an investment in the stock market or forex of 50-100 euro cannot produce any significant income, as some voices claim). Investing in forex is not a bet, and small amounts tend to be quickly lost, while behind a small investment there is always a lack of a long-term strategy and a tendency to bet emotionally, things that have no place in serious trading. 2. THE MYTH OF THE LONG TIME SPENT ON THE PLATFORM. Another myth claims that the longer the investor stays on the platform, the more money he makes. False, an informed investor can hook up to the TeleTrade synchronized trading service, which copies the strategies followed by the best traders from all over Europe, called "master". They are placed in a rating and carefully selected according to several criteria like the gain/ loss ratio, the risk incurred and the trading history, depending on the stability and profitability of investment. Using the TeleTrade Synchronous service, an investor may copy the transactions made by one or more masters, enjoying their work and experience. Therefore, the time spent on the platform is minimal. 3. THE MANIPULATION MYTH: The market is manipulated, the forex is a gamble, and traders are gaining only based on inside information. In the global market there are daily trades in all countries, done via major financial centers (London, New York, Tokyo, Hong Kong) with amounts totaling trillions of dollars, so it is impossible to manipulate it, and everyone has access to information inclusively via the economic calendar. The transactions are done by hundreds of thousands of major international brokerages, and trust is gained by the company's history, erroneous trading being removed by competition and authorities. Firstly, the brokerage chosen must have experience in the market, a positive history, must not have aggressive marketing practices, and must not modify the investment fees during the investment period. In this area it's good to have the guarantee of an international presence. With over 200 offices in 30 countries and over 3,000 employees, the TeleTrade Group is a global leader, always at customers’ reach, providing favorable conditions for trading with fixed spreads. TeleTrade has a history of 10 years in the local market and 20 years in the foreign markets. Recently, the company provided access to trading in the Warsaw Stock Exchange, the largest exchange in Central and Eastern Europe and the fastest growing in Europe.