The majority of Forex Trading Systems that are used by beginner traders are focused towards short term trading strategies, which aim to take small risk and promise to pile up massive profits and regular income. So we will look at how to succeed.

The major challenges that Forex day trader face are the following:

Some traders prefer the monthly, weekly or daily trade forex strategy. Others consider that the best forex strategy is the intraday trading, and probably none of them is the absolute best.

1. Currency exchange

A Japanese guy (J) is at Los Angeles International Airport, waiting for his flight back home to Japan.

Choosing a good forex broker is one of the most important decisions you need to make at the beginning (or at any point) of your forex trading career. Do not take this decision lightly, but at the same time don’t stress over it – the process does not need to be complicated – just like in your trading decisions, once you do your homework, things tend to fall into place. Chance favors the prepared trader and everything you need to make an informed decision is listed right here.

Is it a coincidence that the bullish rally behind the capital markets has stalled and threatened a retracement just as the world’s central banks start to confirm their intentions to withdrawal the emergency aid initially put into place to stem a financial  and economic collapse?

How promising is the outlook for growth and expected returns? This is a critical question that has perhaps been glossed over, or in some instances utterly ignored, over the past six months.

The trading strategies are based exclusively on technical analysis and are short term with a maximum time horizon of 3 to 5 days.