The global forex market is recognised as the world's largest and most liquid financial market with an estimated US$5 trillion in daily transactions.
With millions of participants and massive volume of transactions every day, the FX market provides ongoing trade opportunities to traders across the globe.
With long trading hours – FX trading is open 24 hours 5 days a week – across multiple FX centres around the world, traders can place trades in different time zones.
Given the large volume of online trading resources including videos, you need to be careful and selective. Make sure you are only using or accessing information from reliable sources that are licensed and regulated by recognised regulatory authorities.
A big part of success in trading is learning how to manage risk. There are internal and external factors that can affect the level of risk. Learning about these factors and putting in place strict risk management systems are vital to your trading success. Here are some of the risks you need to be aware of: