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ÿþB e w a r e : R i s k s o f O n l i n e C u r r e n c y T r a d i n g
from:R i s k i s t h e p o s s i b i l i t y o f d a n g e r , i n j u r y o r l o s s . I n o n e s l i f e , t h e r e c o m e s a t i m e t h a t a n i n d i v i d u a l p l a y a g a i n s t d i f f e r e n t k i n d s o f r i s k s . P e o p l e w h o f a c e r i s k s v e n t u r e i n t o h a v i n g i t a l l o r e n d i n g u p w i t h n o t h i n g .
I t i s l i k e i n c u r r e n c y t r a d i n g , m o s t t r a d e r s r i s k a g o o d s u m o f m o n e y w h e n e v e r t h e y a r e f a c e d i n a n u n e v e n t f u l c i r c u m s t a n c e . Y e t , a p p a l l i n g s i t u a t i o n s c a n b e a v o i d e d i f y o u a r e k n o w l e d g e a b l e o f t h e p o s s i b l e d a n g e r s w h i c h c u r r e n c y t r a d i n g m a y b r i n g u p o n .
M o n e t a r y R i s k
T r a d i n g i s a b u s i n e s s . I t e n t a i l s c a p i t a l ; h e n c e y o u n e e d t o d o l e o u t a c e r t a i n a m o u n t o f m o n e y t o d o b u s i n e s s . O f t e n t i m e s a h u g e a m o u n t o f m o n e y i s b e i n g c a p i t a l i z e d i n c u r r e n c y t r a d i n g .
I f y o u a r e s e r i o u s w i t h o n l i n e c u r r e n c y t r a d i n g , i t i s b e s t t o s t a r t w i t h a f i n a n c i a l p l a n s o y o u w i l l n o t g e t c a u g h t u p w i t h l o s i n g t h e m o n e y y o u h a v e w o r k e d h a r d . Y o u r f i n a n c i a l p l a n s h o u l d d e t a i l t h e a m o u n t o f c a p i t a l y o u a r e w i l l i n g t o g i v e a w a y . I t s h o u l d a l s o c o n s i s t o f t h e p o s s i b l e a m o u n t o f m o n e y y o u c a n a f f o r d t o l o s e . A d d i t i o n a l l y , y o u r f i n a n c i a l p l a n s h o u l d a l s o i n v o l v e s t r a t e g i e s t o o v e r c o m e l o s s e s .
Y o u m a y a l s o w a n t t o h i r e a b r o k e r o r a m o n e y m a n a g e r s o t h a t y o u r f i n a n c e s w i l l b e p r o p e r l y m a n a g e d .
S e c u r i t y R i s k
I t i s o n l i n e . Y o u a r e i n a n o n l i n e c u r r e n c y t r a d i n g m a r k e t . D e p e n d i n g o n t h e t y p e o f s o f t w a r e y o u a r e u s i n g , t h e r e i s a h i g h c h a n c e t h a t y o u r t r a d i n g i n f o r m a t i o n c a n b e h a c k e d o n l i n e .
O n c e y o u r t r a d i n g i n f o r m a t i o n h a s b e e n s t o l e n , y o u a r e m o s t l i k e l y t o s u f f e r s i n c e t h e d o w n f a l l o r s u c c e s s o f y o u r t r a d i n g c a r e e r d e p e n d s o n t h e s t r a t e g i e s a n d p l a n s y o u d e v i s e d p l u s t h e r e s e a r c h e s y o u h a v e m a d e . Y o u a r e i n g r e a t d a n g e r i f p e r t i n e n t i n f o r m a t i o n i s s t o r e d i n y o u r s y s t e m a n d i t h a s b e e n h a c k e d . A p a r t f r o m i n f o r m a t i o n b e i n g u n s e c u r e d , y o u r p r o f i l e w i l l a l s o b e p u t i n j e o p a r d y .
T o s e c u r e y o u r c u r r e n c y t r a d i n g a s w e l l a s y o u r p r o f i l e , i t i s a d v i s e d t h a t y o u u t i l i z e s o f t w a r e t h a t c a n g i v e y o u a p t s a f e t y m e a s u r e s .
P s y c h o l o g i c a l R i s k
W i t h o n l i n e c u r r e n c y t r a d i n g , y o u a r e m o s t l i k e l y t o m e e t d i f f e r e n t k i n d s o f p e o p l e . T h e r e w i l l b e i n d i v i d u a l s w h o m a y b e f r i e n d y o u y e t t h e y h a v e t h e s e h i d d e n a n d h a r m f u l i n t e n t i o n s .
O n c e y o u f e l l i n t o b e f r i e n d i n g i n d i v i d u a l s t r a p a n d g o t i n t o a d r e a r y s i t u a t i o n s u c h a s l o s i n g y o u r m o n e y , i t i s m o s t l i k e l y t h a t y o u w i l l c a s t b l a m e t o o t h e r s f o r t h e c a t a s t r o p h e y o u h a v e e n c o u n t e r e d . E v e r y t h i n g b o i l s d o w n t o y o u y o u a r e a c c o u n t a b l e f o r e v e r y a c t i o n y o u m a k e .
S i n c e t r a d i n g i s a n u n c e r t a i n i n d u s t r y , i t i s b e s t t o b e m e n t a l l y a n d e m o t i o n a l l y p r e p a r e d . A v o i d g e t t i n g i n t o s i t u a t i o n s w h e r e i n y o u w i l l b e i n d e c i s i v e a n d e n d u p t r a d i n g f o r n o t h i n g .
M o s t i m p o r t a n t l y t o s t a y a w a y f r o m p s y c h o l o g i c a l r i s k s , i t i s r e c o m m e n d e d t h a t y o u k n o w h o w t o p r o p e r l y m a n a g e s t r e s s . I t i s b e l i e v e d t h a t t r a d i n g i s o n e o f t h e m o s t s t r e s s f u l a c t i v i t i e s o n e c a n b e i n .
O n l i n e c u r r e n c y t r a d i n g i t m a y b e a p r o f i t a b l e i n d u s t r y f o r s o m e . T o o t h e r s i t m a y b e f u n a n d d i v e r t s t h e i r a t t e n t i o n t o s o m e t h i n g e l s e a p a r t f r o m e a r n i n g . W h a t e v e r a c c o m p l i s h m e n t i t c a n d o t o a t r a d e r , w h a t y o u n e e d t o r e c o g n i z e i s t h e p o t e n t i a l r i s k i t m a y b r i n g t o y o u .
N o t h i n g b e a t s a w a r e n e s s a n d p r e p a r e d n e s s t o s o m e t h i n g y o u a r e r e a d y t o t a k e p a r t i n t o . W i t h f u l l g r a s p o n r i s k s p o s e d b y o n l i n e c u r r e n c y t r a d i n g , y o u a r e m o s t l i k e l y t o d o s o m e t h i n g a b o u t i t a n d t u r n i t i n t o s o m e t h i n g c o n s t r u c t i v e .
Course Currency Trading Specific links
Course Currency Trading News
Lessons From Trades Big and Bad - New York Times
 CTV.ca | Lessons From Trades Big and Bad New York Times And if regulators take the lesson to heart, they could close a gaping loophole in the Volcker Rule, which is supposed to ban speculative trading by banks that take insured deposits. When he disclosed a $2 billion trading loss last week, Jamie Dimon, ... Dimon Shows No Retreat: Bloomberg Businessweek Opening Remarks JPMorgan trading loss could hit $5-billion, report warns Regulators snooze while JPMorgan lights the fuse |
FOREX-Euro rallies from 4-month low versus dollar - Reuters
 Telegraph.co.uk | FOREX-Euro rallies from 4-month low versus dollar Reuters The euro fell to 100.17 yen, its lowest since early February, before reversing course to trade at 100.97, up 0.3 percent on the day. Strong demand for the greenback helped drive the dollar index to a four-month high early in the global session, ... If Greece takes an early bath, we're all soaked What lies ahead in the eurozone is terrifying CURRENCIES & BONDS / Dollar moves little above 80 yen in Tokyo amid deepening ... |
David Moon: Keep JP Morgan trading loss in perspective - Knoxville News Sentinel
David Moon: Keep JP Morgan trading loss in perspective Knoxville News Sentinel By David Moon It's hard to believe, but JP Morgan's $2 billion loss on a trading hedge isn't a massive amount of money — at least to JP Morgan. In absolute terms the number has shock value, but in perspective, the relative size of the loss is less ... |
FXCM Sponsored Its First University Currency Trading Contest This Semester - MarketWatch (press release)
FXCM Sponsored Its First University Currency Trading Contest This Semester MarketWatch (press release) "FXCM hopes all students had fun and learned a lot about the currency markets during the contest. We hope students had the chance to enhance their trading skills, learn fundamentals and technical analysis and apply what they have learned in class. |
FXCM Launches App Store for Traders - MarketWatch (press release)
FXCM Launches App Store for Traders MarketWatch (press release) NEW YORK, May 16, 2012 (BUSINESS WIRE) -- FXCM Inc., (NYSE:FXCM) announced today that is has fully launched its forex trading app store--FXCM Apps. A unique offering in the retail forex industry, FXCM presents custom applications for the FXCM Trading ... |