Foreign Exchange is about foreign currency exchange and is open to anyone who wants to trade on it.
Don’t let your emotions carry you away when you trade. If you routinely get angry or panic, or let greed dictate your trades, you stand to lose lots of money. 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.
Interest Rates
Forex is ultimately dependent on world economy more strongly affected by current economic conditions than the options or futures. Before engaging in Forex trades, you will need to understand certain terminology such as interest rates, interest rates, as well as monetary and fiscal policy. Trading without knowledge of these important factors will result in heavy financial losses.
Keep a couple of accounts when you are starting out in investing. You want to have one that is for your … Read the rest