Are the Forex Masters known in the community as traders?

Choosing a Broker
23 Mar 2022, 14:20 463 Views
Master About Forex, I'm curious if it can be answered or not. Are traders known as master in the society around Master About Forex, traders are known as traders? In my environment, traders are associated with binomo, binary options, and gambling. When I mention trader, people around immediately say gambling, guesswork, binomo. Do the masters of forex feel the impact of the sensation of news about binary option binomo gambling? How to deal with the bad image of trading?

3 Answer

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erik tri cahyo 24 Mar 2022, 14:17
To Hendro Satrio,

If people around you think like that, you can explain that forex trading and binary options are different things. Forex trading can be used as an alternative investment instrument, from short-term, daily to long-term. While binary options may promise instant profits in a short time, binary options cannot be used as a long-term investment asset. That's what I usually do when dealing with someone who has such an opinion.
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Rizki Rosadi 15 Jul 2023, 13:45

Answer to Hendro Satrio: The negative stigma towards traders being linked to Binomo is due to the flexing of "sultan" binary options traders. As a result, the image of forex has become more negative.

I personally feel the impact of this, seeing the negative views towards forex getting stronger. However, because I am a silent trader, I don’t engage with their opinions.

Personally, I don't need to react to the bad stories about trading from those people. It's better for me to focus my time, energy and effort on improving my trading performance.

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Martin 01 Aug 2023, 01:55

@ Hendro Satrio:

- Are the masters known as traders in their surrounding communities?

Personally, I limit it to certain people who know I trade.

- …. Do the masters feel the impact of the hype surrounding binary option binomo gambling news?

Not for me personally.

- … How do you deal with the bad image of trading?

As far as I know, many more still consider the trading business to be positive. Those who consider trading a bad or negative business are former traders who have ever lost a lot or traders who continue to experience losses. The way to deal with it is to just ignore it.

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