Trading strategically in the forex market typically involves a number of elements that should be thoroughly reviewed before an actual trade is made with any substantial amount of trading capital. The main element consists of developing and testing an objective trading plan, which ideally indicates when a trader should enter and exit the market, as well as the amount of risk the trader is willing to assume with each position.

With the advent of the Internet, forex trading which was once the exclusive domain of large banks, funds, corporations and high net worth individuals is now available to anyone with an Internet connection and a small amount of money to trade with.