The forex market is the biggest currency market in the world with everyday transactions totaling $2 trillion. Yet there are very few – a measly five per cent of the traders — who make large profits. The reason is simple. Most people try to trade on instincts and intuition than on meticulous forex research.

They don’t realize that the forex market moves in a wave pattern — up, down or remains neutral. The trader therefore has to catch the wave at the right time to make money, and the only way that the trader can locate this wave is through FOREX research.