This is a bit of a rant…
One of the most annoying things about Forex trading is trying to describe your job to people. I cannot recall how many times I have tried to explain how Forex works to people I meet. Even some of my close friends simply do not understand what Forex is all about. And it doesn’t help that Forex has a reputation for being a shady business akin to online poker.
A few nights ago, I was having a conversation with a girl I met. The conversation went a little like this.
Her: So what do you do for a living?
Me: I trade the Forex market.
Her: Oh what’s that?
Me: It is basically foreign currency exchange. I invest in Foreign currencies and earn money as they move up or down.
Her: Oh, so you sit at the airport and change money at the currency exchange kiosk as the rates change?
Me: No I trade on-line. I buy and sell currencies on-line.
Her: Right, so does an armoured truck deliver the currency to your house after you buy it?
Me: No, no. Think about it as the stock market but instead of investing in stocks you invest in currencies.
Her: Ohh ok I heard about that. Isn’t that a work from home scam? I didn’t think it was a real job.
This might seem like a rare conversation but it isn’t. I get this kind of stuff all the time. Even from family and friends. Some of them think I make my money gambling. I almost feel like an idiot for not being able to properly explain what Forex is and how it all works.
I used to think trading was tough. It is much tougher trying to explain what trading is to people you meet. This is a lonely business.
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