You might be interested in trading in the foreign currency market, but are you wondering how to find reliable trade recommendations? If so, read this article for tips. It will provide you with a basic overview of how to find such recommendations and how to use them. Hopefully, this information will prove helpful as you begin your trading career. And while you re at it, you might consider trying the free demo account to learn more about forex trading. You ll be glad you did.
The first thing to decide is the amount of volatility you want to experience. If you want to earn profits on short-term trades, you should be in markets with high volatility and high daily ranges. You ll also benefit from tight bid/offer spreads and high liquidity levels. The more volatile the market is, the more opportunities there are to close positions quickly and profitably. However, these strategies are not suitable for all forex traders. If you re unsure about which strategy to use, read our free Forex trading guide.