In the largest and most liquid market in the world, being a forex trader involves living and breathing the thrill, challenge and reward of trading. Have you got what it takes? We'll discuss how you can become a forex trader in this piece, revealing the characteristics you need and the protocols to be followed to get started and be a consistent trader.
With the aim of making a profit, a forex trader takes long or short positions on currency pairs. A forex trader is analytical, disciplined and linked to the markets at all times. If it is based on a technological or fundamental strategy or both, he or she may attempt to gain an awareness of the actions of currency pairs and set up successful trades.
Trading never rests in the 24-hour currency system, ensuring there will still be activity, and at some points…