Great Time To Trade The FOREX Market

I reckon now is one of the best times to trade the FOREX market. why do I say that? well, one reason is because FOREX has the largest trading market in the world today with a total daily transaction of USD 4.3 trillion dollars. wow, that is even bigger than the stocks and commodities market man. Can you imagine how powerful the FOREX market is? the power of the stock market is totally unbelievable, currency pairs and just go up, down or even sideways in a matter of days and sometimes even hours in fact.

there is this book that I am currently reading and it is called Day Trading The Currency Market by Kathy Lien. This book is the number one bestseller in the market since its launch till today and it is indeed a very good book to read especially for beginners who are new to the FOREX market. Kathy explains in the book about the history events in the FOREX market and also what moves the FOREX market in the long term and in the short term.




with the euro debt crisis looming and also the United States economy finding ways to recover from its faltering economy, now is the best time for us retail FOREX traders to take the opportunity to trade in the FOREX market. I always hear people say that FOREX trading is risky. well to me it is risky if you do not do 2 things which are to put a stop loss for all your trades and to educate yourself first before you start trading in the FOREX market.

FOREX market teaches the traders to understand about global finance and also countries economics which I find very interesting. what makes the FOREX market different from the stock market is instead of trading a company's stock in the market, FOREX traders are actually trading countries, how cool is that man!

for those people who have yet to start on FOREX trading, now is a good time to start. There is really a lot of opportunities to make money in the FOREX market, all you have to do is educate yourself and learn from the best. remember to put a stop loss in every single trade, very very crucial. no stop loss for any single trade and your chances of making huge losses in the FOREX market becomes bigger and bigger!.