Deutsche Mark. Black Wednesday, 16 September 1992. Honourable Mentions Andrew Kreiger A list of the best forex traders in the world is incomplete without the mention of Andrew Kreiger. For those who do not like clutter on their charts.
The 4 Major Exchanges. This was demonstrated by the repeated need for the British government to intervene in propping up the pound. When the UK announced its exit from the ERM, and a resumption of a free-floating pound, the currency plunged 15 against the Deutsche Mark, and 25 against the US dollar. All of them stay open five days a week, from Monday through Friday. If we were to ask, "Who is the greatest forex trader? It helps you to spot the dynamic levels of support and resistance. Trained by none other than Ed Seykota, Marcus would later go on to mentor another great trader, Bruce Kovner. Here we see Soros' strong appreciation of risk/reward - one of the facets that helped carve his reputation as arguably, the best Forex trader in the world. The code is simplified but it has the same output on the chart screen. When more traders are active, the trading spreads, or the difference between the bid price and the asking price, tend to narrow. As a result of the nature of forex's four major exchanges, New York, London, Singapore, and Tokyo, when more than one exchange is open, not only does trading volume increase, but volatility significantly increases as well. Once you practice, test strategies and see how you're doing in your demo account, you'll know better how to proceed with live trading.