Forex and Your Overall Investing Plan
In This Chapter
• Trading levels
• Researching the market
• Gauging your time
• Testing your risk tolerance
When you decide to trade forex, you’re trading with the big boys—central banks, international financial institutions, and major corporations. Your trades will comprise just a tiny portion of the trillions of dollars traded each year.
In this chapter, we’ll look at the issues you must consider before deciding to risk your money on foreign currency trading. We’ll also discuss how forex should fit into your long-term investment portfolio.
How Much Should You Trade?
You do have the potential to make a positive impact on your personal portfolio if you learn to trade forex successfully. But you ...