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Forex/Currency Trading: It is a sentiment game w/ a crowd mentality where even the best players w/ the best forecasts are tricked out of good positions by the magic of price action.
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An exchange rate transaction is termed a cross rate when the home country currency is not a party in the trade. For example, for a trader in the U.S., a cross rate would be euro/yen, or the euro against the Japanese yen.
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Do not worry about what market will do. Just worry about what you will do when market reaches your "pain point" or "happy point". You will have an easier life as a trader that way. Forex players can operate quietly, but they cannot hide their moves in those charts.
Forex Related News
Zimbabwe currency tumbles to record low
Wed, 05 Mar 2008 11:18:19 EST
Read full story for latest details.
Online Forex Trading | Forex Trading Software
Labels: Forex Day Trading | How To Trade Forex
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