The global forex market is the largest financial market in the world1 and the potential to reap profits in the arena entices foreign-exchange traders of all levels: from greenhorns just learning about financial markets to well-seasoned professionals with years of trading experience. Because access to the market is easy--with round-the-clock sessions, significant leverage, and relatively low costs--many forex traders quickly enter the market, but then quickly exit after experiencing losses…

The global forex market is the largest financial market in the world1 and the potential to reap profits in the arena entices foreign-exchange traders of all levels: from greenhorns just learning about financial markets to well-seasoned professionals with years of trading experience. Many forex traders are able to quickly access the market with the help of round-the-clock sessions and significant leverage. They also have relatively low costs and exit quickly after suffering losses or…