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I have a guest post for you today from Luke Peters that basically discusses whether or not forex trading is suitable for everybody, so hopefully you will find it useful.
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It s quite rare to find a program about trading on one of the main TV channels, and the ones that are shown are generally dumbed down, but there was a documentary called Traders: Millions By The Minute that was shown on the BBC a few months ago that was surprisingly good.
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This can give you a very rough idea of where you stand. There is no doubt that a financial or economic background can be best suited for forex, but it can also be said that despite having no education or knowledge of these subjects, rough estimations on global scenarios can still be made. Do however note that you can never be too knowledgeable or educated about the forex market. You will always have something new to learn.
I myself tend to reduce my trading activity at the start of the month, and only take on the best high probability trades on the longer time frames, before stopping altogether once we get to around 65 December. I will then slowly get back into the swing of things during the first or second full working week of the new year.
It is split into two parts. The first part is more focused on the city workers, and goes behind the scenes at a training company that teaches people how to trade the markets, whilst the second part focuses more on the people who trade the markets using their own money, some of which are extremely naive and almost certain to lose money in the long run.
Whilst you can expect the price to move as much as 655-855 points in any given direction over the course of a few days when trading off the daily chart, for example, the price moves on an intraday basis are obviously a lot smaller.
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