In contrast to the stock market, a smaller marketplace with tens of hundreds of stocks to select from, the foreign exchange market revolves round extra or much less eight foremost currencies. A slender desire means no room for confusion, so even though the market is big, it’s pretty clean to get a clean image of what’s going on.
The large quantity of each day trades makes it the maximum liquid market in the world, this means that that under everyday marketplace situations you could purchase and promote currency as you please.
The marketplace cannot be cornered
The tremendous size of the forex market additionally makes positive that no one can nook the marketplace. Even banks do now not have sufficient pull to without a doubt control the marketplace for a long time frame, which makes it a fantastic place for the little guy to make a move.
Use technical analysis strategies from other markets like equities.