The Crypto Market is a Ticking Time Bomb… ($1.5B Bitcoin Options Expire)

So what makes a successful forex trader or shall I say what do successful traders have in common? I am sure this is the question that all of you will be interested in knowing.

Day trading on the FX market has now become a very popular activity in many homes around the world thanks to fast internet connections and accessibility to online trading platforms. Day trading is the short terms trading activity of the forex currency pairs, often several trades can be made in one day in both sell and buy directions.

Just a short time ago, the only Forex trading the average private citizen was able to do was to exchange his own country’s currency into that of another when he or she traveled abroad. Large scale currency trading was limited to the big international banks who made billions of dollars (or whatever currency they mainly dealt with) from doing just that.

A common approach to forex trading is to play with small stakes and target large price moves in the region of 50-200 pips. Indeed I trade this way myself using my main 4 hour trading system. However an alternative approach is to increase your stakes and look for much smaller price moves. That way you only need to find one decent trade per day if it generates around 10 pips, for instance.

Forex currency trading system can you really make money using a trading system? The simple answer to this question is an emphatic, “Yes!” However, as with anything to do with making money, there is a caveat.

Meta Trader is a beneficial platform that allows traders to have all the tools and data they need to succeed in Forex trading. With this platform there are many tools that can be used including indicators and expert advisors. Both options can be quite useful and serve different purposes when trading currency.

When I explain the foreign exchange market to a newbie, I often liken it to learning to drive a standard shift car at the very top of a hill. Three scenarios are likely to occur to the first time driver:

Currency trading has become the biggest investment market in the world economy. It has exploded in popularity with the internet, making it possible for anyone to trade currencies.