Selective Forex Trading:

Legalities: As of 2007, the foreign currency exchange continues to be an unregulated industry. At the time this book was being written, only forex brokers who voluntarily register with regulators are subject to fines and other overseeing efforts like those found in other markets such as stocks, futures, and commodities. The reason I have posted disclaimers so many times within this book is because the forex may be a dangerous market for traders who do not spend time learning the skill of trading in the forex. The following is a partial general disclaimer that is used by many brokerages.

DISCLAIMER

Trading the foreign exchange market carries a high level of risk and may not be suitable for all investors. Before deciding to trade the foreign exchange market, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risk associated with foreign currency exchange trading, and you should seek advice from an independent financial advisor if you have any doubts.