Inadequate knowledge and incorrect tools can often land you in a fix when you play forex. Understanding the concepts of forex market. Using the right strategy is of utmost importance here. There are a number of online tools readily available at your disposal to make easy profits from this market. However there are certain technical aspects that you must understand before you can trade properly.   
Having said that , there is no doubt that there are many advantages of playing in forex market. To begin with  it is a 24 hour market in which you can decide the time to play. The markets are accessible online through global network systems. You can decide the amount, size of transactions and the time that you will devote to trading all by yourself.   
Unlike the stock market where you have fees like brokerage and commission , there are no fees in forex market. A trade takes place when you decide to buy and sell currencies.   
Once you decide to play forex you will notice that as and when you gain experience you understand tricks of the trade better. There are a number of analytical tools available which can assist you in predicting market behavior. In fact there are e books available both free and for a price that you can read to understand the basics.   
To play forex here are some points to be kept in mind at all times:   1. Gain some practical experience before you commence actual trading in the market. Forex transaction concepts, terminologies must be clearly understood before you enter the market.   2. The golden rule to play forex is do not under any circumstances invest more than what you can afford to lose. In volatile market situations one is susceptible to making on the spot, purely speculative decisions that you may regret later. The amount you can afford to loose must be your ultimate limit that you can stake in the market.   3. When you play forex you realize that the fluctuations in this market are rapid and sometimes the price swings are very fast and frequent. You may have booked profit in a transaction and when you attempt to repeat the same transaction, currency positions may have changed to your disadvantage. Hence once you achieve the profits that you have targeted for at the beginning of the play stay put . If you rely on your emotions and get greedy you may actually end up making losses.   4. And finally to play forex it is important that you predetermine you exit stop loss. How to play forex trading online ? Get started by using some of the best automated forex trading systems that allow you to master the currency trading tips quickly. To know more about these systems visit by clicking - Auto Forex Trading