title: How to Trade Forex and Currency Markets: A Beginner's Guide to Professional Forex Trading: Understanding the Psychology and Strategies of Big Banks and Institutions
author:  Zack Zarr 
description: <div>The currency market is the largest financial sector in the world, with a daily transaction volume of over $4 trillion and no central location. The market is open around the clock from 20:15 GMT on Sundays to 22:00 GMT on Fridays, closing only on weekends. Commissions are low, trading volume and liquidity are never a problem, and brokerage houses offer leverages as high as 100:1, or even 400:1. A trader with only a $1,000 stake can potentially control a position worth $100,000.Costs for the software and platforms required for forex trading are negligible,and market data is available for free. All of these factors should make the forex market a great asset class for retail traders, yet, according to the Wall Street Journal, the average individual forex trader loses about $15,000. Why is such a promising market so difficult to trade?</div><br /><div>The answer is that many traders try to trade the forex market from their own perspective and analyses, failing to realize that in that market they are not actually players. Unless individuals are institutional traders moving billions of dollars, their orders are not even a drop in the ocean. In that kind of market, they need to identify the big players and bet on their moves. Unlike the stock market, where retail traders can potentially move the price, the forex market is almost immune to the activities of small traders. The market is so large that even the central banks of major countries cannot control the prices easily unless they make significant changes to their macroeconomic policies. In such a market, traders can make money only if they understand who the big players are, where their money is going and what they are anticipating about price. They are then in a position to profit from big moves in the market by piggybacking on the big market players.</div><br /><div>In this book, Zack explains how to trade the market by observing how big players and banks move their positions. He shows you what price levels are important, how to find them, and most importantly, how to plan a successful trade based on that information. He walks you through examples of his own past trading and thought processes. I recommend his book because I know first-hand how he investigated the market. I was a witness when he was going through the filings of institutional traders and hedge funds on their positions weekly and trying to make correlations between their positions and the currency prices. As a result, he has been successful in developing a simple yet effective system for the forex market. I am confident you will enjoy reading this book, and you might even want to practice some of what it teaches you in the market.</div><div></div><div>Andrew Aziz, Ph.D.</div><div>Author of the best seller &quot;How to Day Trade for a Living&quot;</div>
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  HOW TO TRADE FOREX AND CURRENCY MARKETS
  
  
  A Beginner’s Guide to Professional Forex Trading
  
  
  Understanding the Psychology and Strategies of Big Banks and Institutions
  
  
  © Zack Zarr, Ph.D.
  
  
  Forex Trader at Bear Bull Traders
  
  
  Preface by Andrew Aziz, Ph.D.
  
  
  Author of “How to Day Trade for a Living” and “Advanced Techniques in Day
  Trading”
  
  
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  Disclaimer:
  
  
  
  
  
  The author
  
  
  and [www.BearBullTraders.com](http://www.bearbulltraders.com/)
  
  
  (“the Company”), including its employees, contractors, shareholders and
  affiliates, are NOT an investment advisory service, a registered investment
  advisor or a broker-dealer and do not undertake to advise clients on which
  securities they should buy or sell for themselves. It must be understood that
  a very high degree of risk is involved in trading the foreign exchange market.
  The
  
  
  Company, the authors, the publisher and the affiliates of the
  
  
  Company assume no responsibility or liabil