to fall prey as usual. Over the past few years, FX markets have exploded in popularity amongst retail traders. No one buys the British Pound to unreasonable heights because they like the color scheme of those bills. Any ads or offers that appeal otherwise are blatant lies to be avoided. Neither individual parties (in this case traders) actually pay the bid/ask spread out of pocket. A strategy is a set of rules that you trade by and those rules are based on identifying an edge and then trading accordingly. Currency markets do react sharply to economic news and reports anything affecting interest rate changes is a direct correlation. A vast number of books and papers exist on various trading techniques, but since many people learn and apply this same information, the chances of it providing an edge for any individual trader become extinct very quickly. You are working equal contracts in the EUR/USD futures and spot FX with a futures broker and FX dealer alike. Move the entire GBP/USD pair 30 pips away from fair value just to take out his well-placed stop? Any FX trader turning a profit is doing so at the expense of the FX broker, and therefore the broker does whatever possible to thwart that trader(s) success.
Trading with an edge Tradimo Profitable Trading Edge - Forex School Online Where is the edge in trading?
There is much more. In other words, if an FX trade is exited at 500 per contract inside of a price move that goes 840 per contract from entry to peak before reversal, where did the forex broker Prüfung bid/ask spread truly go? The Reality View, the truth is that there are traders who believe that they have an edge, and there are traders who believe that they need an edge and are consequently looking for one, and there are traders who laugh every time someone mentions. However, taking a series of trades in the direction of the trend is likely to result in trades that win. Most of the myths involve spot currency aka FX markets but some include currency futures, too. No major, reputable FX broker is going to look through their book, see that Johnny Smith is making 100 annual turning 10-lots and set their sights on him. There was no per-trade cost. Be it currency futures or spot market FX, dont let pervasive myths steer you away from the true benefits both offer.