To be a profitable long run trader, all you want is to foretell the overall pattern of the market in addition to the perfect exit factors. This is never a tough thing to do on the long-term charts, and since you hardly ever commerce, you won’t need to make decisions too typically.

For example, within the US, futures are regulated by the Commodity Futures Buying and selling Commission (CFTC), while stockbrokers are regulated by the Securities and Trade Fee (SEC). Within the UK, many of the financial markets are regulated by the Financial Conduct Authority (FCA), whereas in Australia, they’re principally regulated by the Australian Securities and Investments Commission (ASIC).

Earlier than deciding what strategy to take forex investors must define the fundamentals of their strategy, together with what currency pairs to commerce. The majority of active trading vs passive trading volumes in the forex market are concentrated on major forex pairs, like EUR/USD, GBP/USD and USD/JPY, but some find alternative by focusing on different, less common pairs.