Synopsis E-book: Day Trading The Forex Market
The higher degree of leverage (as high as interbank) market is definitely one of the mor challenging endeavors an aspiring trader can ay trading the foreign currency (forex, FX or e 50:1 or 100:1) available in this market can increase profits, but it equally accelerates losses.
This makes the issue of trade timing and selection that much more critical to success. Because of the lack of volume data in the spot currency market (i.e., there are no Level I or II quotes, or time and sales data), newer traders will find they will need to develop much more disciplined strategies that rely less on broader market dynamics and more on raw price action and individual market “micro structure.”
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|FileName: Day Trading The Forex Market|
|Author: Kristian Kerr|
|Size: 597 kb||Remove!|