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Fellow Traders, Here are 5 myths about Forex trading which you must know. You can also add such myths. Let's start: It's a myth that you cannot earn anything with a deposit of $5. You can!!! The key to success is not the initial deposit but your experience. If you open an order in an appropriate moment, you will have the chance to double or even triple your initial deposit. In other words, think of your entry and exit points rather than how much you can make with just $5. It's a myth that ECN brokers are better than Market Makers. It's true that Market Makers can trade against you. Why ECN brokers cannot?! It's a myth that reading books will make you a successful trader. If you don't think like investors, you can't be successful. Moreover, noon will share his/her trading strategy. They can only give you a piece of advice. It's a myth that Technical analysis is more helpful than Fundamental one. The truth is Fundamental analysis is more important than Technical analysis. Your forecast will be accurate if you try to combine both analyses. In fact, technical analysis is a price projection. The price itself is formed by bulls and bears whose needs are based on the current market conjuncture. It's a myth that trading with figures could guarantee you a profit. All articles claim that setting a "stop loss" is mandatory and give you an idea where and why you must put the stop loss. In fact, Market Makers know best where you have set your stop loss and usually break the figure in order to trigger it.