I also had no idea that I really had forex micro lot calculator been as clear as I needed to be. So the time has come to release an updated version of the ebook. I hope that you find it helpful.
One hiker, while being chased, stopped to put on running shoes. You’ll never outrun the bear if you stop now! I don’t have to outrun the bear. I just have to outrun you.
Currency trading can be like running away from the bear. The get-rich crowd has always been attracted to it. This crowd includes speculators, trading novices, me 6 years ago, retirees, and professionals looking for a way to get out of debt, increase the excitement in their lives, or simply get rich really fast. Up until now, this group might have also included you. From now on, you will be taking money away from these people.
These are the people who will be eaten by the bear. You can’t beat the entire market. But you can trade defensively — and by so doing, position yourself to profit consistently. There are four groups in currency trading.
In addition to the novice traders, there are three other levels of participation: the dealers, the institutional traders, and the advanced retail traders. In all of your trading, the dealers are the most powerful and they make the market, setting prices and putting together deals. Although institutional traders move more money around than dealers, it is still the case that your dealer either accepts or rejects your orders every time you trade. The institutional traders work in banks, wire firms, or government agencies. They trade huge amounts of money at a time, and the size of their trades gives them enormous power. Not super powers, but very close. 1 billion in currency or more every hour.