Free Forex Lessons

The primary difference between intra-day price action in the Forex market compared to that in the equities market or the futures market is that the directional bias of each currency pair changes frequently. Once a trader understands this condition, he begins to realize that many of the techniques used to trade in other markets do not perform consistently when trading a currency pair in the Forex market. Statistically, in the beginning of traders careers (the first 24 months), the standard direction the majority takes is to attempt to trade technical indicators.