What is Forex? It is an electronic medium in which the currency of one country is exchanged for the currency of another country. Another question, is the forex market for every jack and harry? My answer is a capital NO. Forex is the market of choice for those who are interested in trading as a profession and have the stomach to absorb financial risks or losses. Market features are highlighted below.
1. Liquidity: The market is highly liquid with money on the table round the clock (24/7/365) and your profit from the market depends on your ability to maneuver.
2. Tradable: Although, many currencies in the market move together, there are some tradables where the big dog hits its big target. In fact, there are four (4) dominant currency pairs and you need to master one.
3. Equality: There is a level playing field. That is, the profit potential in the market is the same for all players irrespective of the market conditions whether bullish or bearish.
4. Manipulation: It is the only market…