There is no opening bell.
In the Forex market there is no opening bell. From Sunday around 5pm EST to Friday around 4 pm EST you can enter and exit a trader whenever you want. Actually Forex trading has got the flexibility of hours which attracts most of the participants and you can work here a part term trader or full term trader whatever you want. There are many unlimited Forex traders and from traders to trader their trading forms differ.
Before entering market should check many things.
Before opening an account, you should check with several dealers and compare their charges as well as their services. If you were solicited by or place your trades through someone other than the dealer,or if your account is managed by someone, you may be charged a separate amount for the third party’s services. Some firms charge a per trade commission, while other firms charge a mark-up by widening the spread between the bid and ask prices they give their customers. In the earlier example, assume that the dealer can get a EUR/USD spread of 1.2173/75 from a bank. If the dealer widens the spread to 1.2170/78 for its customers, the dealer has marked up the spread by .0003 on each side.
Money Fluctuates over time.
When you are trading Forex you are trading one currency against another. An example would be when you are trading your Dollars for Euros. Most people have experienced this when visiting another country with a different currency. Because the rate for which you can trade your money fluctuates over time, it is also possible to earn money with currency trading. The only rule you have to follow says ‘buy low, sell high’. Of course this is not as easy as it sounds as you never know in advance what would be considered ‘low’ and ‘high’.
Over confidence in trading.
Winning is what we are trading for however almost all traders even professional traders will encounter a problem after having many consecutive wins. The feeling of over confidence can be disastrous, this is when you are most likely to break your rules and over leverage your account resulting in a sever loss. I find that after a certain % gain in my account per week/month it is a great idea to take some time off and regain a sense of respect for the market.