Forex Trading: Caution is a Good Thing Many people have faired poorly trading in the Foreign Exchange Market. Some of them, however, have managed to make money another way. They simply developed a dubious “formula for success” and sold it to others. Consequently, traders have become wary of so-called experts promising the moon. Caution is…
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
When it comes to trading Forex, most short-term traders are also short-time traders. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.
Predictable indicators seem to point toward a good year for informed currency traders. The Foreign Exchange Market will remain an exciting – and promising – arena for the serious investor. Volatile and uncertain: these seem to be the sentiments governing the Markets at the beginning of 2008. Concerns about recession in the United States, fueled…
The verdict is in. Despite the fluctuation in world markets, 2007 witnessed robust growth in Forex trading. The results of the triennial survey of Foreign Exchange and Derivatives Market Activity, conducted by the Bank for International Settlements, paint an interesting picture of a remarkable year: “The 2007 survey shows an unprecedented rise in activity in…