The volume in the Forex market is bigger than in any other market. To what does a private trader have to pay attention to?
With a daily trading volume of over $2 trillion the FX market dwarfs the equities and futures markets combined. This can be good news for traders as one will find that a true trend is more sustainable in FOREX and as long as they focus on the Major support and Resistance levels on a chart, Technical Analysis can play a useful tool for effective trading. At the same time it is useful to keep an eye on Political and Economical Data releases as they really can impact the FX market in a big way.
Related Questions
- Why is private property and the protection of property rights so critical to the success of the market system?
- What are some other components that buyers should pay attention to when purchasing sleep systems?
- Which are the biggest private companies in the education market in the U.S., Europe, and the world?
