Forex is a foreign currency exchange market that anyone can tap into. Information provided here will allow you to understand forex and begin planning a trading strategy.
Emotionally based trading is a recipe for financial disaster. Any strong emotional response, including anger, fear, greed, and fervor, can interfere with your ability to trade responsibly. Human emotion will certainly come into play in your trading strategy, but don’t let it be your dominating decision maker. Doing so will only set you up for failure in the market.
One trading account isn’t enough when trading Forex. You need two! Use one as a demo account for testing your market choices, and the other as your real one.
If you’re new to forex trading, one thing you want to keep in mind is to avoid trading on what’s called a “thin market.” A “thin market” is defined as a market to …