Forex trading, also known as foreign exchange trading or currency trading, is the buying and selling of currencies on the foreign exchange market. The foreign exchange market is the largest and most liquid financial market in the world, and allows traders to buy and sell currencies in order to profit from changes in their exchange rates. Forex trading is typically done through a forex broker, and can be done on a speculative basis or as part of a hedging strategy. Forex trading is a popular form of trading because it allows traders to take advantage of the fluctuating values of different currencies, and can be done on a 24-hour basis. However, it also carries significant risk and should be carefully managed by traders.
“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business. ” – Van K. Tharp