Basic rules of forex trading.

This article will discuss those points that every trader should know; these are general rules that must be followed.

Forex trading rules regulate the trading process and are established by dealing centers.

You can meet most of them when concluding an agreement with a dealing center, others you will encounter in practice, therefore, in order to reduce the number of unpleasant surprises, try to remember all the points below.

• Process - trading is carried out using special programs ( trader's terminal ), orders .

• Trading is only possible if you are 18 years old; if fraud is detected, your account will be blocked.

• Risks - all exchange risks are borne by the trader, no matter for what reason he entered into a transaction that led to losses, losses are only his problem.

• Stops - all dealing centers , in order to protect their funds, use forced closure of margin call and stop out , the first is usually 30-40%, the second 10-20%.

Therefore, be prepared for the fact that if, as a result of a losing trade, the amount of funds in your account drops to one of these marks, the trade will be forced to close. • Limitation of transactions - usually the trading conditions indicate that one transaction should not last less than 2-5 minutes; violation of trading rules leads to failure of the transaction or blocking of the account.

• Limitation on the use of advisors - not all brokers allow trading with automatic trading programs.

commission is taken from each open transaction ; its value depends on the trading instrument and the market situation; in addition, a volume commission and a fee for transferring positions to the next day can be used.

• Personification - you cannot open several accounts at once with one broker under fictitious names, the punishment is the deletion of the trader’s account, and with it all accounts.

• Taxation - you yourself bear all obligations to the tax authorities; dealing centers do not submit information to the tax office.

Therefore, if you discover undeclared income from Forex trading, you will have to answer on your own. These are perhaps all the basic rules of Forex trading, if you fail to comply with them you may be punished.