October 18, 2010

5 Keys to Surviving Forex with Day Trading

Day trading has always been one of the most well-known and widely misunderstood forms of speculation, not only in the forex (foreign exchange) market but also in stocks and futures. Skill and experience is especially important to forex day traders since the market movers (the "smart money") are notorious for manipulating short-term price action to deliberately slaughter the fresh prey.

Unfortunately, beginners to online forex trading seem to have a tendency to believe that day trading is somehow easier, safer, and more appropriate for those with very little experience -- and a a very little account balance to match. It isn't.

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