Greetings from forex trading land! You may have realized that this is a large market with many different facets. Trading currency is extremely competitive and it may take some patience to figure out the trades that work for you. The ideas below will point you in the right direction.
The forex market is more affected by international economic news events than the stock futrues and options markets. Read up on things like trade imbalances, fiscal policy, interest rates and current account deficits before you start trading forex. If you begin trading blindly without educating yourself, you could lose a lot of money.
Up and down patterns can be easily seen, but one will dominate the other. It is actually fairly easy to read the many sell signals when you are trading during an up market. It is important to follow the trends when making trades.
Thin markets are not the …