The greatest enemy for most traders is not other traders, brokers or even the market, but themselves. Give yourself every chance of success by following these simple guidelines.

• 
• 
• 
• 

What is the FX Market?

The modern foreign exchange market, also referred to as forex or FX, rose from the collapse of the Bretton Woods agreement in 1971 when exchange rates began to float. It is now by far the largest and most liquid market in the world with average daily volumes exceeding 2 trillion dollars, many times the major equity markets combined.

What are FX Market Characteristics?

The foreign exchange market exists wherever one currency is traded for another. The most commonly traded currencies are the US Dollar, Euro and Japanese Yen. Participants include large banks, central banks, currency speculators, multinational corporations, hedge funds, governments, and other financial markets and institutions. Retail traders (individuals) are currently a very small, but rapidly growing part of this market and may only participate indirectly through brokers or banks.

What are the benefits of Trading FX?

There are no short sale rules, no commissions, you can earn daily interest (swap) points, little influence from analysts, up to 100:1 times leverage, ability to trade off your profits, thousands of stocks to choose from vs only a few major currency pairs and as there is no central exchange, trades happen over electronic networks that cover the globe allowing 24hr access (Ex. Sat&Sun) and instant reaction to news and events.