Don't let myths keep you from exploring the world of Forex trading! Let's clear up some of the most common misconceptions that many Filipino traders believe. Myth 1: Forex Trading is Only for the Rich ❌ Fact: Anyone can start Forex trading with a small capital. Many brokers offer low minimum deposits to make it accessible to everyone. Myth 2: Forex is Too Complicated for Beginners ❌ Fact: Forex trading might seem overwhelming at first, but with proper education and practice, anyone can learn the basics and trade confidently. Myth 3: Forex Trading is a Get-Rich-Quick Scheme ❌ Fact: Successful Forex trading takes time, patience, and strategy. It's not about luck, it's about informed decisions and managing risks. Myth 4: You Need to Monitor the Market 24/7 ❌ Fact: With the right strategies, such as automated trading or using stop-loss orders, you don't need to watch the market all day long. Myth 5: Forex Trading is Only for Experts ❌ Fact: Everyone starts somewhere! You don't need to be an expert to begin trading—start with small steps, learn along the way, and build your knowledge over time. #TradeSmartPH