How Good Are You in Forex Trading to Win?

As a Forex trader Forex currency, You may have asked Yourself with that question at least once, "How good am I in Forex Trading?", or "Is Forex trading currency is the right business for me?", or "How can I win in everytime I take an action on market?". Well, the answers could be a various. You may assume that You are a good enough as a FX trader, or if You are newbie, You might think that You need more learn, study, practice, and dicipline. Whether You are an expert or even a newbie, Forex trading has very deep meaning. In my experience, being a good as a Forex trader, means the ability to control the emotion, feelings, and mind.

When You're running FX market online, You know how it feels once You've taken the position, BUY/SELL, You have many feelings; happy, fear, confidence, optimism, greedy, excited, end more. However whatever the feeling You're feel, it's based on Your decision as a Forex trader online currency. As for me, decision means that You have responsibility for every decisions you have made, whether You'll lose, or You'll win the transaction.

Personally for me, Forex isn't a competition between You and another FX traders. Forex will describes who REALLY YOU ARE, what kind of persone You are; You could be the greedy one, You could be a loser, You even can ba winner. But remember that Forex trading currency it's about something to enjoy, while You earn money from that. Forex is not about how good Your skill to read the technical charts, or to read the fundamental news. It;s more than that, even deeper. Once You've binded the skill with the insting, and feeling good, that's how You win.

Finally, I wanna say that being a good Forex trader it doesn't mean that You'll always win every trancaction You taken, but the REAL trader is the one who could accept when You lose the money not REAL LOSE, but learning and improving, also investing YOU, Yourself from within to be a GREAT Forex trader. :)

What is Traded in The Forex Market?

The answer of course money. The currency is always pairs in traded . For example Eur vs U.S. Dollar (EUR / USD) or Pound vs. Yen (GBP / JPY).

Unlike the stock market, forex trading has no central office. Forex as a market that is "Interbank" or OTC "Over-The-Counter" is a continuous trading period of time following the trade of each country and can be assumed that the foreign exchange market is open for 24 hours, 5 days a week.


What are curiencies are traded ?

If you know, all the currencies can be traded. But there are some certain currencies are very popular who driving all the currencies in the world economy.

Every each currency symbol has always 3 digits, with first 2 digits is the name of the country and the 3rd is the name of its currency.

What is Forex ?

Many people in the world might be ask, what is Forex?  Anyway, I'm here about to explaining to you what is the simple maning of it that I've read and experienced. Forex (Foreign Exchange, or FX) is one of so many option to investations in the market.  forex trading is the trading exchange foreign currency in international money markets.  

Forex has a different meaning from the money changer specipically. Money changer do buying and selling foreign currencies in physically, instead of forex transactions performed by way of transfer of funds in bank accounts among those who conduct transactions, it's such an online trading. 


Forex market is actually the world's largest money market. with average daily turnover reached USD 1.5 trillion per day - 30 times greater than the capital market transactions throughout the United States. it is unique, because only 5% of daily transactions are actually carried out as transactions in goods and services between companies or countries, the rest is more widely used to speculate to get profit. as well as the stock market, the players can do forex trading by using brokerage services or online via internet.