What kind of risks am I up against?

The risk involved with trading Forex or any other commodity is very large. Brokers, services and every one will tell you, that the risks are extreme and that you should only use money you can afford to lose. This makes perfect sense for the industry to cover their backs, because they know most people lose money trading Forex. To reverse this, you need to figure out a way to make money versus losing. If you can do this, then the warning signs you read every day can be pushed a side for a later date. Always remember that Forex trading is very risky and should not be taken lightly.

Will my emotions be a factor?

Besides money management, this may be the single most important factor. When day trading, or any other form of money investing, you will run into what is called the emotions of trading. If you care about your investment making money or losing money then you are emotionally involved. If you think you can trade any market with out emotions then wait until you take that first sizable trade and lose. Over the years we have found, the less emotion you use the better you will be, win or lose. This is why we have been focusing on using a robot trading style and staying out of the market when we can.