Until now community continues arguing for and against reality of earning money via Internet. Extremely hard are disputes whether Forex market may be considered a true effective means of gaining stable profit.
Some people think that Forex is a mere means of “deceiving you into party with money”, another fraud. However, they do agree that “such means” is more sophisticated than the famous “Mavrodi pyramids”, for here one needs to have knowledge and skills.
The last statement is made use of by those, who suppose that Forex is one of most attractive means of earning these days. They answer their opponents with the following: you highlight yourselves that in order to work at Forex one needs to have certain knowledge. As the saying goes, “Forewarned is forearmed”. Knowledge is needed in any sphere of human activity, and Forex is no exception. It provides earning for many, who has not been too lazy to study its specifics, grasp the basics of trading strategies, technical and fundamental analysis, and study by the examples of successful traders…
By the way, Forex is believed to be a “rip-off” by those, who is incapable of or unwilling to put effort in order to reach success. In other words, this considers lazy, irresponsible people that count on excitement and luck. At the same time, there are enough examples when inexperienced but responsible Forex traders quit after first bad luck. They quit and say that this market is a fraud, mirage, and illusion. However, few of them have analyzed why had they made the mistakes that lead to a loss? Even fewer have tried to use their experience to move forward, to reaching their goal, keeping self-belief.
Who is right? Those who consider Forex “a deceit with money”? Or those who suppose that this market is a most perspective means of earning without chief management over your head and with an opportunity to manage your time on your own? In order to deal with these issues “with feeling, wit, and punctuation”, analysts of “News of Russia” and “Forex News” Departments of the “Market Leader” have decided to address to the specialists of one of the leading CIS brokers – Panteon Finance.
Such choice of interviewees is not accidental, for broker company has frequently met people that are not traders, but beginning investors at Forex market. But even they, dealing merely with investment, used to ask what forex was. Fraud or best way of earning via Internet? Let alone millions of traders from Russia, Ukraine, Belarus, Kazakhstan, Moldova, and other countries of CIS, who can't stop bothering about this “forex” issue.
Forex: Good or Evil?
This question has been answered by Alexandr Filippov, the Head of Panteon Finance Development Department in his interview to the “Market Leader”. Panteon Finance is a broker, whose unique service of uniting best PAMM accounts of leading Forex brokers at one trading ground has helped thousands of investors to gain stable profit at Forex.
“Market Leader”: Hello, Alexandr! Could you please tell us whose opinion you prefer as the Head of Panteon Finance Development Department, who has rich experience in work at Forex market?
Alexandr Filippov: Hello. You know, I think that Forex market is neither a cure-all, nor, pardon for a jargon, a “rip-off”. This is one of financial markets, besides the largest according to daily money turnover. Anyone may work here, provided that one has certain knowledge and steady mind.
“Market Leader”: Does this mean that those regarding Forex as the best way of earning, a kind of a cure-all, are closer to truth?
Alexandr Filippov: I don't think so. Cure-all, just as an ideal, does not exist. If there was something ideal in this world, community would stop developing and return to a standstill. At the same time, striving to ideal is the engine of progress, including the one at financial markets. There neither exist a cure-all, and if you are told that such has been found, this is a mere advertising stunt, which is frequently used by dishonest market players.
“Market Leader”: How about those who regard Forex as another fraud?
Alexandr Filippov: Saying that such things as “a deceit with money”, deposit drop, non-payment of profits don't exist means being incompetent. Unfortunately, they exist. At the same time, it is silly to say that “all bread is baked in one oven”. For example, if you have bought a Toyota and found that its back seat is dirty, this does not mean that all cars of the brand will have dirty back seats.
“Market Leader”: Consequently, negative opinion about Forex is formed by those who sell “dirty goods”?
Alexandr Filippov: Partially so. These are dishonest companies that are trying to drain deposit of beginners. However, luckily, they are getting fewer and fewer in number, for brokers start understanding their benefit from working in their clients' interests. On the other hand, inexperienced beginners due to their laziness or aptitude to access market as a casino quit after their first loss, made through their own fault, and suppose that they have been deceived. They spread such opinion anywhere they can. Where is the fraud? Haven't you been warned that one needs to have knowledge, develop a clear strategy, trade or invest with a clear mind, but not emotions, without any excitement, fear, or greed? Lazy and overexcited traders who believe to be half-seas-over without any knowledge are finally punished by the market. When this happens, they seem to place guilt on everyone, but themselves.
“Market Leader”: You have mentioned investing. Can we say that investing is as questionable issue at Forex market as trading?
Alexandr Filippov: Reality is such that these days investing in general and investing at Forex market is surrounded by numerous stereotypes. Therefore, reaction of community to them is dubious. For example, I have on numerous occasions heard from people that are rather far from financial processes that Forex market should be banned, for it is another means of pulling money from people. But this is impossible. Do you know why? Until money is used as a payment unit, there will exist difference between currencies. Consequently, this will keep being used as a means of earning. Most far-sighted citizens will keep investing money means in products that will increase their capitals.
By the way, in this reference our company always helps to realize most profitable investment projects, for our services have a number of benefits even for beginning investors. Here, even without knowing financial market basics, one can earn money at Panteon Finance PAMM accounts, which are under the management of best managers that show high and stable positive results. By the way, rating of our company's PAMM accounts, as well as those of our partners that are represented at common trading ground of leading Forex brokers, can be found at the company's official web-site. Here you can also find out information about ways to invest money means in products that will soon bring you considerable profit. You can make your own conclusions afterwards, instead of believing those who “talk to the wind” and has now practice at Forex market.
“Market Leader”: What other stereotypes have you encountered about Forex and investing at Forex?
Alexandr Filippov: I've often heard people saying that Forex makes it possible to earn huge sums in an instant. I have to disagree. Certainly, Forex, just as any other financial market, makes it possible to gain regular profit, but the risk of loss also is corresponding. This should be considered. And this is exactly what professionals do when composing wise systems of capital and risk management. For example, in order to reduce risks investors prefer diversifying means by distributing them between several PAMM accounts. In such a case, even if one of the accounts shows a negative result during a certain period of time, you will eventually gain profit due to positive balance of two or three other accounts.
“Drop by drop the sea is drained”, as the saying goes. This concerns the sphere of investing: you gain profit as a result of wise capital distribution and…waiting till the end of a trading period. After this, you may either output money, or keep investing further, including by means of redistribution. Panteon Finance will do its best to support you in such consequences, for we have created the most perspective conditions with smallest risks so that your money can bring you steady profit.
“Market Leader”: Aleksandr, you have touched the issue of risks. Some companies claim their services to be... with zero risks! Is it real at Forex?
Alexandr Filippov: Certainly, not. There always is a certain risk, and, I think, it will always remain at financial markets. Therefore, such companies openly deceive people; however, in the West leading regulators impose heavy fines on companies for such clients' attraction. Let me repeat again that at Forex, just as in investment in the market, risks are always present. It provides a possibility of earning for those traders, who can correctly calculate earning capacity and risks. As for investors, those of them, who invest money into accounts of most stable traders, can gain profit. Success of both categories of financial market participants largely depends on a wise system of risk management and trader's capacity to follow the chosen trading system.
“Market Leader”: So, what is more risky, and what is less risky at Forex market?
Alexandr Filippov: If a product brings profit within a short period of time, it is more risky. And if this potential profit is high, the risks are rather high too. However, everyone has a right of choice, and it is up to oneself to choose them because of personal excitement or desire to thrill. The most important point is that broker forewarns him.
And on the contrary, the less profitable the product is or the longer the term of gaining profit is, the less risky it is. This is a conservative strategy of trading and investing. It is used by many traders in Panteon Finance. Many of our clients prefer investing in conservative and aggressive PAMM accounts at the same time, which they consider to be the most optimal means of gaining profit in relation to risks, for our company suggests the best PAMM accounts for both strategies. Moreover, each of the accounts has a long history of effective functioning.
“Market Leader”: Alexandr, can we say that at Forex investors' risks are smaller than those of traders?
Alexandr Filippov: Everyone has a personal opinion about a degree of risk. For example, those who is learning to swim prefers a pool with a “frog” to rivers and lakes. Whereas for those, who seek for underwater treasures at huge depths of the ocean, shallow rivers bear no risk. Everyone has a personal opinion about a depth of risk. The same concerns traders and investors. However, if to take absolute values, then, in my opinion, Forex market is less risky than individual trade, but not without any risk at all.
On the other hand, each of us risks with money even outside financial markets. Non-payment of salary at an enterprise, risk to lose a porte monnaie, spend all salary in one day because of inability to resist the temptation to buy something expensive, etc. In other words, everyday risks with money are as likely to happen as risks at financial markets. Let alone the risks that one encounters when starting one's own business, like opening a cafe or a restaurant; the risks in the form of tax inspection, sanitary and epidemiological service, fire inspection, etc. are inevitable. Therefore, the question is not about the fact whether a trader or an investor encounters higher risk, but whether their risk is higher than that of an average citizen? By the way, the latter may encounter one more risk if one decides to keep money at home. This concerns inflation, which gives no mercy.
“Market Leader”: Nevertheless, there exist so called off-market risks at Forex…
Alexandr Filippov: Yes, I will agree with you. Unfortunately, they do exist. This mostly concerns “kitchen” schemes of trading, which are suggested by dishonest companies. In particular, client's transactions fail to reach real market, trader's limit orders are changed by brokers, and even profits fail to be paid. Luckily, such schemes seem to disappear lately. This happens not so much because of the planned changes in Russian legislation concerning Forex market, but because of the fact that many companies have understood that they can truly earn if they help their clients to do so. Just in the way it is done in the West, namely, following the principle “client's profit is company's profit”. This principle is the basics of Panteon Finance, which can be proved by examples of thousands investors that have earned and continue earning high profits on a regular basis. What is more, we are open to anyone, thus information on trading history of our traders, history of every PAMM account of our company and our partners can be found on Panteon Finance official web-site.
Generally speaking, at Forex market profit is received by those, who approach the issue of investing with full responsibility, studying all opportunities, nuances, and placing stake on rational and argumentative grounding of every decision. Although, these days such responsible people, who fully understand the degree of risk and earning capacity, necessity of self-discipline and clear calculation, are few in number. Not more than 10% of all traders…
“Market Leader”: What about the rest 90 percent?
Alexandr Filippov: Most of them count on the fact that one may gain all the necessary knowledge about Forex trade in 1-2 weeks, whereas successful traders have been studying this for years. This is the reason of fatal consequences. Moreover, these 90% fail to fully control their emotions, suppress fear or greed, and stop thinking that they can earn market at the money even without reading “dull” books and attending seminars. Unfortunately, knowledge is needed everywhere, for one cannot reach anything without it. Therefore, the best way out for beginners will be investing into gaining certain knowledge.
In its turn Panteon Finance will help even beginners to find the most optimal decision, taking into consideration their personal preferences. In this reference, your capital, set at the platform of united PAMM accounts of leading Forex brokers, our company's clients, as well as our own ones, is provided by maximal protection and guarantee of safety. Generally speaking, you don't even have to be a professional in the issues of trading and investing, for everything will be done by professional PAMM accounts managers of Panteon Finance, whereas investors will only have to output his profit.
