With an average turnover of more than $5 trillion per day, making the forex market the largest market in the world,
It is not surprising that such a market is riddled with some myths like any other trade.
These misconceptions are born out of ignorance and misunderstandings of basic forex market principles.
However, these myths can potentially hurt any trader, if they believe in them. Here are some of the myths you should avoid.

1. Forex is a scam, a pyramid scheme or a global gamble.
It is a mistake to compare forex with a pyramid scheme, or think it's a scam or a global gamble.
The reason some people think like this is because they enter the forex market without good knowledge of it, hoping to make a million dollars overnight and then, they are suddenly shocked by a rude awakening to the reality.
And also, some unscrupulous people try to take advantage of the ignorance of others.

The truth is that, the forex market is just a global market where currencies are being traded.
Though it has some speculative aspects and involves some risks, it is not about blindly taking bets. it is more of studying and reacting to what the market is saying.

If you treat it as a real business, get a good education, develop a good trading strategy that suits you, master your emotions, manage your money properly and choose a good broker, it can become a dream job that can afford you a comfortable lifestyle.

2. In order to be successful, you must be glued to your computer monitor 24 hours observing the market.
You probably have heard people say "I have a day job and have no time to make any money from trading forex".
This forex myth appeared because of short-term trading which required maximum attention and concentration from a trader.
But these deals usually do not last more than 10 minutes.

The truth is that, Forex traders hail from all walks of life, many of them have other jobs, and they still have enough time for themselves, their family and friends.
There is no guarantee that if you spend 24 hours monitoring the market, your trading will be profitable.

3. All forex brokers are scam! Your loss is their gain and your gain is their loss.
Though there are some scam brokers out there, operating with expired regulations or no regulations at all.
But, not all brokers are out to scam you. Brokers are businessmen in the first place and if they want to stay in business, there is no need to deceive their clients. The benefits of it are small and consequences are serious and unpleasant. Well, except for the unregulated broker.
The main point here, is to ensure that you trade with a regulated and reliable broker.

A broker of good repute, loved by a lot of traders around the world is JustForex broker.
It is a regulated broker and they have one of the best trading conditions in the forex market. (https://justforex.com/trading/account-types?afm=bcbbf6)
And they offer one of the highest partner rewards in the Forex market.
Here is a link to their partnership program (https://justforex.com/partnership/introducing-broker?afm=bcbbf6).

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How to Earn Additional Income as an experienced forex trader

As an experienced trader, there is no limit to how much you can make on Forex.
As there are so many ways you can make extra profit.
Here is just a few of them.

1. Become an affiliate partner.
Affiliate Partnership involves promoting the broker and attracting new clients.
When your referred clients start trading, you receive a partner reward for every traded lot they make.
JustForex broker offers one of the highest commission in the Forex market
Find more information here (https://justforex.com/partnership/introducing-broker?afm=bcbbf6)

2. Become a signal provider.
As a signals provider, you transmit profitable trading signals for traders.
You can provide free signals or set the price for the subscription.
The more people subscribe to your signals, the more profit you get.

As an affiliate partner of JustForex, you get additional profit for the trading orders of subscribers who have been attracted with your partner link.

To become a signal provider, register here (https://justforex.com/investing/mql5-signals-provider?afm=bcbbf6)

3. Create a website on forex trading
Good knowledge about forex trading is in such a high demand by forex traders.
Due to your prowess in the forex field, this is a huge opportunity for you.
If your website has good quality contents, it will attract a lot of traffic and that's a lot of potential income.

4. Hold tutorials and seminars
You can also conduct webinars, seminar and special sessions for your clients and potential customers, in an effort to introduce them to the world of currency trading
and also assist them to conduct their trades profitably with your professional expertise.
You can introduce your clients to the broker and earn revenue share from their trading activities.