The Foreign Exchange currency trading market, which has been shortened over time to simply Forex and for those reductionists among us FX, is today?s reigning champion when it comes to ranking the world?s largest financial markets. It is conservatively estimated that the Forex market sees an average of more than $4 trillion (that?s trillion, with a ?T?) in transactions every single day.
Even with all of this action, the Forex market and currency trading remain a bit of an enigma to the vast majority of retail traders. One of the truly fascinating aspects of the Forex market is that it has lived most of its life in relative obscurity, serving almost exclusively large multinational corporations, financial institutions and private hedge funds. Then, along came the internet, which has changed virtually everything in our lives in the last decade or so, and pretty soon, regular folks found out that they had the power to make stock market trades literally at the tips of their giddy little fingers from the comfort of their home.
Dangerous, Intoxicating and Delusional: The Fast Forex Fortune Fallacy
This relatively new, wide open market can be a blessing and a curse. It moves dramatically fast, is accessible round the clock on most days and offers traders the heroin-like tease of extreme leverage. This lopsided leverage ratio gives investors the possibility to reap huge profits; however, it works the other way as well, meaning the potential for equally huge losses.
It is this wildly volatile nature inherent to currency trading, combined with the blindingly seductive and irrationally delusional lure of easy money, are the primary reasons why Forex education is essential for anyone who wants to shovel hard-earned money into this market.
Sharpen the Edge on Your Trading Education
If you already have education and experience trading in the retail realm, you have planted the seeds of knowledge in incredibly fertile soil, and now it?s time to nurture those seeds so that they can grow and multiply exponentially.
The Forex market is a hybrid-like offshoot of what most investors would probably consider the ?regular? or ?normal? market. So in order to give yourself the best chance of succeeding consistently in both the short term and the long term, you need to fight fire with fire and gain a hybrid-like education.
Intelligent currency trading in the Forex market is commonly a simple transfer of accounts from those who lack the proper education into the accounts of those who have attained the razor sharp edge honed through focused Forex education.
Kathy Acorda writes for finance blogs where you can read more about Currency Trading.
Source: http://northernstar-online.com/blog/fortunate-forex-trading-begins-with-focused-forex-education/
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