The document discusses trading on the foreign exchange (Forex) market. It notes that while profits have the potential to be large due to the massive size of the Forex market, losses can also be great. It stresses that Forex trading requires education, time, and effort before engaging in it, as the market is highly volatile and risky. The document advocates practicing trading with a demo account before investing real money, as failure is common for new Forex traders due to a lack of understanding and patience. Formal education is strongly recommended before starting a Forex trading business or venture.

1. Trading on the Forex Market

2. These men lost a great deal in the Forex market

3. Forex is one of the largest markets in the world and
greatly surpasses stock, future, and other markets
available. Profits can be massive because of the size of the
Forex. Also because of its size, losses can be great, too. As
in any market, this is a business, not just a hobby. The
financial trading industry has been glamorized; however, it
is nothing more than a series of decisions based on market
research, numbers, and statistics. This market still requires
knowledge, time, and effort to make money. While trading
on the Forex can allow for substantial income, it is far
riskier than many business ventures. Because of this, you
must be well educated before beginning to trade on the
Forex.

4. Only a fool would attempt trading on the Forex before
learning how. Finding the avenues to learn Forex trading is
not difficult. Vast online resources about Forex are
available to the public for free. If you're interested in truly
learning the right way, trading schools offer courses
focusing on Forex. It is highly advisable to get a formal
education before beginning a Forex trading company.
Extremely volatile market conditions and daily evolution
of trading methods are a few reasons education is
imperative.

5. Currency traders are speculators despite any other names
they are given. Trading currency is not an investment. The
current currency market is ripe for trading. However, just
understanding the market is not enough; it is necessary to
understand how currency moves. While there are very few
restrictions to opening a Forex trading venture, the ones
that are in place are very important.

6. Practice makes perfect; this is true in life and in Forex
trading. Next to education, this is the most important step
in preparing to trade. Theoretical knowledge alone is
great, but a practice account allows you to test your ability
to be successful in a real market. Rushing into currency
trading is a sure fire way to fail. Failure is the outcome for
nearly all new Forex traders according to studies. There is
no overnight strategy to become a millionaire.About ten
years ago, a large group of young and ambitious men
decided to leave behind careers and bosses for a stay at
home job day trading the financial markets. These traders
lacked understanding and patience, and because of this
most of them lost everything. Bad investment information
or a downturn in the market are common excuses these
traders give for their failures.

7. http://www.daytradingcommodities.org/