Login
SPECIAL NOTE: Until September 30th, Get 35% Off Life-Time Access to Nial Fuller's Professional Trading Course - Click Here

Foreign Exchange

Trading the markets for profit can indeed be a difficult proposition to undertake. However, the foreign exchange market offers some unique opportunities to retail traders and investors who are looking to learn how to manage their own money rather than leave it to some of the greedy thieves at companies like Goldman Sachs and the like. The foreign exchange currency market provides great liquidity and 24 hour a day 6 day a week market hours so that you can take advantage of this liquidity at a time that is convenient for you. When you combine these factors with the availability of strong directional moves that are relatively easy to interpret through price action analysis, you have a very good trading instrument that is both flexible and easily accessible.

The foreign exchange currency trading market is full of opportunities each day that can effectively be taken advantage of by learning how to spot price action setups that develop within the course of daily price movement. To the trader who is trained in the art and skill of price action analysis, these setups will begin to “jump” off the chart at you each day as you become better at spotting them and learning how to trade them. Becoming a price action trader will very likely be the best thing you ever do for your trading account because price action trading is simply the most logical, effective, and easy way to learn to trade the market.

Trading the markets is often over complicated by beginning traders because they get overwhelmed with the vast amount of trading information and products that are available on the internet. One thing to keep in mind is that many of these products are just scams from people who are failed traders, thus they offer super-complicated trading systems that no one can understand, these systems might sound fancy and look good but don’t offer any new insight into trading the market. Foreign exchange trading does not need to be a complicated endeavor; the market provides clues to its impending direction via simple price action setups that you can learn to interpret effectively. Once you learn to analyze price action setups within the foreign exchange market you can then employ a simple “set and forget” style of trading that through use of higher time frame charts will enable you to trade relatively stress free and on any schedule.

There are many advantages to trading foreign exchange over other markets. More specifically, you can start with as little as $250 as a foreign exchange trader, whereas in other markets you typically need at least $1,000 to open a trading account. Many foreign exchange currency brokers now have micro-lots which essentially allow you to trade a very small amount of money, as low as 1 cent per pip. This makes it reasonable to start with a smaller account because you can still effectively manage your risk while learning to trade with real money. There are certainly risks involved with foreign exchange market trading, this is an inherent part of trading any financial market, however through controlled usage of leverage and using simple price action setups, one can dramatically improve their chances of success in foreign exchange currency trading.

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

legal
Copyright 2008-2016 Learn To Trade The Market