Forex the Tug-of-war between Currencies

Entering the forex market is very easy. You can open an account with less than $300 and enjoy the high leverage of 100:1 or even more. For many people this means making big money in a short period of time. The temptation is high but unfortunately the reality is different. The majority of inexperienced traders lose money in this market. Many of them even blow out their accounts completely in a very short period of time. It is not easy to constantly make money in forex.
Forex is the largest and the most liquid market in the world. With an average daily trade volume of about $1.9 trillion no other market can beat it. The Forex market which is an Over-The-Counter (OTC) market is open 24 hours a day for 5 days a week.
To be a successful trader you need to be a disciplined , knowledgeable person. You need to learn several skills including fundamental and technical analysis methods, and risk and money management techniques. The psychology of trade also plays a key role in your success as a trader.