Thursday, October 28, 2010

For example, an armoured truck again?

This is a bit of a rant ...

One of the most annoying things about Forex trading is trying to describe your task to people. I can't remember how many times I've tried to explain how Forex works to people I meet.Even some of my good friends just don't understand what Forex is all about and it doesn't help that Forex has a reputation as a shady company related to online poker.

A few nights ago, I had a conversation with a girl who I meet.The conversation went a bit like this.

Her:So what do you do for a living?
Me: I trade the Forex market.
Her:Oh what is that?
Me:It is, in principle, foreign currency exchange. I invest in foreign currency and money as they move up or move down.
Her: Oh, so you are at the airport and money in the currency exchange kiosk change if the rates change?
Me: No trade I on-line.I buy and sell currencies on-line.
Her:Right, so an armored truck delivers the currency to your home after you buy it?
Me:No, no. think about it, like the stock market but instead of investing in stocks that you invest in currencies.
Her:Ohh ok that I heard about that.Isn't that a work from home scams? I don't think it's a real job.

This may seem like a rare interview, but it is not. I get this kind of thing all the time even from family and friends. some of them thinking that I make my money gambling. I feel almost like an idiot for not able to properly explain what Forex is and how it all works.

I used to think trade was tough. it is much harder trying to explain what trade to people you meet. This is a solitary venture.

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