As you can see, the USD is a very unique currency. It has many advantages and characteristics that other currencies do not have. It’s a great currency to start your forex career with. Once you develop skills trading the majors by way of your USD bias, you may begin to branch out into other pairs, but not until you have a trade record of success with the majors.
You must first become a great currency analyst who has a strong understanding of technical and fundamental analysis. You must be an expert in reading your charts and know how money flows around the globe. From this, you can begin to refine your skills as a trader—an entirely different matter.
How many times has your analysis been correct, but you still lost money trading forex? Many traders admit it happens all the time. The difference between solid analysis and profitably trading is knowing the rules of engagement—knowing how to implement your analysis by creating a trade plan.