History Ancient Currency trading and exchange first occurred in ancient times. During the 4th century AD, the Byzantine government kept a monopoly on the exchange of currency. This is why, at some point in their history, most world currencies in circulation today had a value fixed to a specific quantity of a recognized standard like silver and gold. Medieval and later During the 15th century, the Medici family were required to open banks at foreign locations in order to exchange currencies to act on behalf of textile merchants.
You must be aware of the risks and be willing to accept them in order to invest in the forex, futures and options markets. Don't trade with money you can't afford to lose.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. As indicated above, simulated trade results on demonstration "demo" accounts may be inaccurate and misleading -- they may not reflect the actual results the user would see on a real account using real-money.
For example, demo accounts cannot reflect factors such as trade execution "slippage", which occurs on real-money accounts but not on demo accounts. Slippage is the difference between the expected price of a trade market priceand the price the trade actually executes at.
Slippage often occurs during periods of higher volatility when market orders are used, and also when larger orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade known as the "lack of liquidity". These types of adverse factors must be dealt with in a real-money account, but they are usually not reflected in a demo account environment.
Thus, it is entirely possible that a trading robot shows profits on a demo account, but performs poorly on a real-money account.
Unless otherwise specified, all trading results shown on this site are from demo accounts.
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