Q: Does the Forex markets trend better than other markets? And does that make Forex easier to trade?
A: I don’t have any specific data to back this up, but in my experience the Forex market does seem to trend better than other markets. That doesn’t necessarily mean it trends more often, but it does seem to trend more smoothly in a lot of cases.
Does this make Forex easier to trade? I don’t know as I would necessarily go that far. The Forex market definitely has its own character and ways of operating which come in to play. At the same time, it is also subject to the same kinds of hurdles other markets have – things like fake break-outs and unexpected responses to news items. All in all, I would say it’s about an even call.
John Forman