Is there any basic advice for new entrants in the FX market?
Be sensible, have a strong foundation with good education and respect risk rather than abuse it. FX is a very high risk product as are all margined products. The key to becoming successful in the FX market is to ensure one has a plan and a sensible attitude to risk and money management. And don’t get over leveraged, as you could be out of the market very quickly. There is no Holy Grail in any of the markets. If a new trader can find a good Educational and Trading Programme and understand how the FOREX market works then this can only help them in the long term.
