Forex Market

FOREX market has some certain specific characteristics; without
knowing them and taking them into consideration, the eventual success
in speculative operations could be doubtful.
After the preliminary preparation stage is fulfilled and you think you
are ready to participate in real trade in the FOREX market, you must
choose a broker or dealer company to conduct your investment operations.
You must also determine the size of the initial investment that you
will have to transfer into the trade account opened with the chosen
dealer company. (Which I will be explaining). As is well known, this market has few specific
characteristics; without considering them, success in speculative operations
is doubtful.
Unfortunately they are totally beyond the trader’s control. Those peculiarities
result from conditions characterizing the FOREX market and
from historically developed practices and rules followed by all the participants.
Some specifications on the FOREX market include high volatility of
main currencies; the possibility of trading under conditions of low-interest
margin; and relatively high minimum contract value. These conditions
are initially considered to be advantages and mainly attract investors into
the business. However, they also have a negative side and can be considered
as an additional source of risk for a trader. Everything depends on
the point of view of the observer, as in the well-known example of the
half-empty and half-full glass.
I don’t have any doubts that, because you have made the decision to participate
in the market, you are sufficiently informed about its advantages. My
task is to point out some hidden risks and dangers. Some mistakes made
mainly by novice traders during the first stage of their careers will be described in the
upcoming posts
. They are connected with insufficient initial capital or its incorrect distribution
and management. First, the beginner should be warned about two
possible mistakes that are typical and usually made at the very beginning of
the trading career.




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