What does it take to trade Forex?

We don't trade Forex because it's easy.

We trade Forex because it's hard.

I'll show you a simple monthly Forex strategy involving bands.

Forex is quite difficult to trade.

Not because it's a matured market.

But because there's so much news to follow that affects it.

USD isn't just all American news.

News and movements within the entire dollar union affect it.

Take Japanese yen for example.

You think it would be easier since it's just one country using the currency right?

Wrong.

It's not just the countries importing and exporting from them that affects the yen

It's also the moves of all the investors and companies that are based in or even touch Japan in some way.

You need to be informed with all the insights while avoiding analysis paralysis.

That's why Forex is traded by either professionals or complete amateurs who don't really know what they're doing.

It takes up to 5 years to refine a profitable strategy in forex

Or you can always use the tools that professionals use to get ahead.

Click here to see an example of the monthly Forex bands strategy in use on USD/JPY with real time insights.