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Why
Foreign Currency is
Today’s Largest Volume
Trading Market Or, Why Traders Love Trading The Forex Market
By Rick Smith
“In recent years, the foreign currency markets have experienced blockbuster
growth, driven by flocks of traders attracted by the markets’ inherent
profitability and limited capital risk…” Cornelius Lucas, Forex Expert Author,
Professor New York University
What is it about the Forex Market that has new Traders flocking and keeps a
veteran Trader like me engaged? I’ve enjoyed Forex Trading since its emergence
as an online trading market in the mid 1990’s and despite its growing high
profile still not a week goes by without someone asking me, “Why Forex?” The
answer lies in a number of advantages that all play out together.
2) A bull market is likely to have a minimum retracement of .236 or .382, and if
you are looking to get in an entry from the top that will get you filled, then a
safe, tight stop may be the only slippage factor below the 38% or 50%
retracement. Moreover, more normal or bearish markets tend to retrace .618. The
50% retracement area does not statistically happen as much as people might think
although the stock market may be the one exception.
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