Forex Retail Traders – your Strengths and Weakneses
asked:
Successful Forex trading requires you to understand your strengths and weaknesses as a retail trader, so you can best exploit your strengths and avoid the weaknesses.
Weaknesses
Time: Compared to (full-time) institutional traders, you’ll have less time to analyze and track market price movements without sacrificing a large part of your social and/or work life.
Capital: Most retail traders don’t have sufficient capital to affect market prices when trading, and are thus price takers.
Knowledge: Retail traders generally have limited access to the latest economic news and happenings around the world. By the time retail traders receive news reports, the institutional traders would have already heard about it, and would have already placed their trades before the retail traders can act.
Danny
Successful Forex trading requires you to understand your strengths and weaknesses as a retail trader, so you can best exploit your strengths and avoid the weaknesses.
Weaknesses
Time: Compared to (full-time) institutional traders, you’ll have less time to analyze and track market price movements without sacrificing a large part of your social and/or work life.
Capital: Most retail traders don’t have sufficient capital to affect market prices when trading, and are thus price takers.
Knowledge: Retail traders generally have limited access to the latest economic news and happenings around the world. By the time retail traders receive news reports, the institutional traders would have already heard about it, and would have already placed their trades before the retail traders can act.
Danny
Forex Trading Recommendations
