Sunday, March 24, 2013

The Six Forces Of Forex

Few  traders  ever  stop  to  consider  the  context that defines the foreign exchange marketplace, but all of them should.  As forex matures in its role  as  a  retail  investment  environment  the rules – and the stakes – will only multiply. For most traders, a comprehensive trading plan is an unmet ideal.  In the foreign exchange markets in particular, the lure of easy money often distracts the trader from the reality of hard work.  But as anyone who has had success trading can attest, trading is a discipline.  It requires a plan informed by extensive knowledge of the markets and the ability to carefully, consistently apply that knowledge.  The main ingredient of any trading plan is an understanding of the context that defines the trading environment.

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