A former currency trader once told me to stay away from the Sterling market because its insane. Well I didn’t listen and dabbled in it a few times and have concluded that it is insane! The intraday volatility is enough to make any day-trader cackle with glee or cry uncontrollably. In my opinion, and experience having traded the $100 Forex Experiment, position and momentum traders seem to do better in the currency market as they can handle the intraday volatility better.Â I guess it’s all about your time frame.
The good and bad with the currency market is that there are wicked long trends, up and down. The trick is get long on a pull back and sit tight.
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