If you have ever traded stock, then you understand the importance of buying or selling when stocks split or when the company buys back shares. It’s true. Similarities between the stock and currency markets exist; but, success in currency exchange entails understanding the relationship between currency pairs. The pairing of the US Dollar and the British Pound proves a dependence between an import and export economy.
Negotiating is a skill that like warfare tactics must be honed. It is important to be mentally prepared to win. Do the ground work well before your reach the negotiating table and decide on the “path” you are going to take.