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Forex trading could change for you forever in a few days time.

Find out how you can be a part of that change.

YES please CHANGE MY FOREX TRADING

PLEASE READ OUR DISCLAIMER BEFORE READING ON.

Forex is a market dealing with foreign currency exchange in the global market.

Over 4 trillion dollars are traded PER DAY (2009), so the market is very hard to manipulate or control. It’s 30 times larger than the stock market.

Simplistically, in order for countries to trade with each other, at some point, they need to exchange currency, and Forex is the International market where people decide how much they will pay to trade one currency for another.

Obviously world banks are heavy Forex traders, yet around 83% of Forex trading is not by institutions, but my individuals and small companies. Hence the “open” Forex market is a necessity. Individuals prop up the world economies, by either lending it money, or losing their own.

And that is the BIG Forex caveat. It is incredibly easy to lose EVERYTHING!

As I said at the beginning, the market is very large and hence very difficult to control, and hence even predict.

Forex also seems to be “insanely” controlled by news media events. A single comment y a politician or investment banker, somewhere, can send the markets crashing (or peaking) for hours, or even days.

Some people claim that they can predict markets, but the reality is that no one can predict more than 90% accuracy. And even then not all the time

So the first golden rule of Forex, is never trade “everything”. And that includes multiple trades centred around a single currency. i.e. Pound to Dollar, Dollar to Euro. Swiss Franc to dollar.

The commonality in that example is the dollar. You don’t have any diversity with only one end being different.

Even then, currencies are deviously linked, in ways that make it very hard

to see. Like the Yen often “appears” to nose dive against the dollar. Well allegedly this used to be a deliberate ploy by the Japanese, so their goods were always cheap USA imports.

Can you see how non intuitive, these sort of things are? AN that was only 1 minor 1 that I picked up. I still “feel” (I have no proof) that the Yen trades down, when they are awake. When they are asleep, the rest of the world seems to re-decide where the yen should be.

But that is NOT advice. I could be totally wrong. And I ave up investing in the Yen myself a long time ago.

In fact please make sure you read the DISCLAIMER, regarding the fact that everything we say here is personal opinion and conjecture, and is n no way, fact, or trading advice. We’re merely having an educational discussion. You must ALWAYS make up your own mind. Regardless of who said what.

OK that’s

a brief introduction.

We’ll talk more about how Forex works in currency “pairs” and major and minor currencies and so on, in later times.

As they say on TV show, Hill Street Blues;

“Forex – let’s be careful out there!”

Happy Day Trading.

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