In any financial market, it will move up (bull) and down (bear) or sideway. Forex market offers your the both way if compare to stock market. No doubt, stock market offers you short selling but generally it is only apply to certain counters and professional traders.
When you have 2 ways to play around, either you can win or lose consistently (burn your account). When I trade forex, I seldom think of one way instead of thinking 2 ways. I think this prevent me to make huge return on this conservative strategy. For the last few months, if you are a high risk taker, Euro will generate an awesome return just by betting one way. I tend to stay conservative in my trading. I rather build up the portfolio and compounding from it consistently than taking huge risk. Ironically, someone ask me to take high risk and generate high return. If you have the 'big bullets' for me to 'flight' in the market, I might do it. To take high risk in Forex Market, you must have a lot of capital to set up the games plan before entering the market. If you think by having less then USD100K and try to win big in Forex Market, then I must learn from you. Unless you have close friends with 'big bullets' who are willing to share information with you, then chances to hit the 'jackpot' might be there. If you are purely base on skills, it is better to play safe. Generally, I advise those with less then USD20K for investment, stay out of the Forex Market unless you are happy with a very small return.
To stay long in the games, I prefer build up my 'bullets' first, then automatically 'good friends' will come along to flight for the bigger battle. As for the trading skills, each day I try to sharpen it.
