Why Trade Foreign Currencies?

Required Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

The Foreign Exchange (Forex) market is an alternative to stocks, commodities, futures and/or bonds. It's only in the last 10 years that trading foreign currencies has become available to the retail market. There are many advantages to trading in forex over the other major markets:

	Forex is the world's largest and most liquid market
	Trading volumes reaching $3 trillion per day and rising, that's larger than all the other markets combined - actively traded every day around the world by big banks as well as small investors like you
	Trading opportunities are available 24 hours a day – I believe the spot forex market trends well, which in turn can give some of the best pricing available when compared to other markets.
	You can start demo trading until you trade live with as little as $300 - "practice trading with a demo account and don't risk real money until you trade competently"
	Forex is a global market so you can actively trade day or night - open 24/5.5
	You have the ability to trade whether the market is going up or down - trade long or short
	You can place your trades from anywhere you have an Internet connection - wireless or hardwired

The Trade Foreign Currencies philosophy focuses on the process of trading and not the profitability. Learning a systematic process based on specific rules provides a measurable consistency that inevitably leads more competent trading.

Our Six Characteristics of Competent Traders:

	Trading can be Emotional - I believe the present price is the direct result of the emotional buying or selling of the market participants.
	Rules Based Trading - Without specific rules that determine direction, entry price, exit price and strict "Money Management" I believe your results will be variable. .
	Track and Control - This is the "Holy Grail" that most traders search for but never find. They focus on the money and not the mechanics.
	Testing Systems: Historical and Real-time - This is another failure for most novice traders. Usually instant gratification gets in the way and over-confidence kicks in stripping traders of any dignity and account balances before they can prove their competency.
	Know the Big Picture - Forex is a global market, the most successful specialists in any field know exactly what affects their business and how to position themselves to take advantage of their specialized and initmate knowledge.
	Continuing Education - Expertise is not achieved and then forgotten. True competency is maintained with a focused level of intentional education. When you stop learning you give up a critical edge in your market.