First attempt at FOREX trading

16 08 2008

My first ever foray into spot forex. Warming up session today. Traded extremely small to familarise with order entries and executions. 1 microlot for each transaction. ( 1 microlot=1000 currency units )

My Initial Verdict :

Price movements are much more volatile than the usual futures contracts, resulting in lots of scalping opportunities. Commissions are much lower ( almost non-existent ) and its almost 24 hours trading.