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On certain occasions I will attempt to start trading at 7:20 am due to the fact that a majority of economic data is released at 7:30 am CST. All positions will be closed at the end of class. Research and FundamentalsEach day before trading I will fill out a trading plan for the day. I will also research fundamental data related to the markets before I start trading. This is to get a market feel such as overall macro trends, world events, upcoming economic data. I will also look into technical data over the past several days to figure out what technical movement has been present.

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The high degree of leverage can work against you as well as for you.

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If you are not ready to open a "real money" account but want to try your hand at forex trading, read Demo Before You Dive In.

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How suitable is it for anyone?That again depends on how well equipped the person is with regards to the following requirements:Knowledge helps in every circumstance.

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acceptance of what you are seeing not holding losses because of what you fees3.