Although recently more and more people are hearing of foreign exchange currency trading most people have no idea of what forex is reall all about. Right away most people assume currency trading is the same as stock or bond trading however this is far from being true.
The way that currencies are traded is in groups or rather pairs. Traders tend to stay with the most commonly trades currency pairs such as the eur/usd or the gbp/usd since they have the most trading volume.
Every time someone enters the market for the first time that have to ready for an early warning that fraud can take place. It is rare for a scam to take place but you always must be on the look out. Think about the Madoff ponzi scam the people invested knew it was too good to be true.
If you are new to Forex trading you should seek the advice about how to proceed. Do not be embarrassed to seek advice from those more experienced but understand their hep and guidance can help you learn how to succeed much quicker than on our own.