Currencies are traded in dollar amounts called "lots". One lot is equal to $1,000, which controls $100,000 in currency.

The first and perhaps most important "secret" is to realize that your methodology or approach (no matter how good) is only part of being a highly successful trader.

One of the best kept secrets in trading is that of reduced margin spreads.

Consider the following: As a trader you are in a business. Your strongest opponent has plenty of capital.