Trading the currency markets requires the trader to step out of his comfort zone and take a trip around the world. Ok, not a physical journey, perhaps, but rather a trip of learning and trip.
Trading the currency markets requires the trader to step out of his comfort zone and take a trip around the world. Ok, not a physical journey, perhaps, but rather a trip of learning. Successful traders appreciate that today’s globalized financial markets are inter-related in countless ways, be it via the direction of interest rates, trade volumes, or volatility. Close study and understanding allow traders to prepare themselves for movements in certain markets by observing the movements of other markets. In short, appreciate that financial markets and instruments react to each other. Read and learn about other markets outside of what you trade, and understand how developments in one market affect other markets.
