In order to make profit at any financial market, it is necessary to have the theoretical skills, experience and the trading strategy, which includes:

* Fundamental analysis;

* Technical analysis;

* Management of capital and risks.

Fundamental analysis allows to define the currency rates' dependence on countries' economical situation, explains purposes and implements of central banks' financial policy, detects ratio between various financial markets, and the reasons of their ups and downs.

Fundamental analysis is used for medium- and long-run predictions, and estimates market's perspectives. It is based on inter-related fundamental economical factors. The difficulty is that changing one of such indices may affect other, which runs to 20-50 for every state. Therefore the fundamental analysis isn't adjusted by the majority, only 10-20% of traders go to it.

Technical analysis includes examination of price charts, price history and number of quotation changes during a certain period of time. The ease of use the tech analysis lies in fact that data on cost are readily available on-line. In general, technical analysis provides information about market activity and only nominally about the volume, considering merely short periods of time, which are called time-frames.

Management of capital and risks is the third aspect of trading system, which is not less important than the previous. Financial operations on Forex are risky, and in mostly, the higher the suggested income, the higher the risk. Following the management of capital and risks rules allows to lower losses and to increase profit.

Management of capital and risks originates in 18th century, when it was used relating to the gambling, to increase chances to win. Experienced gamblers kept their own strategies, waiting till periods of loss are over, to earn more later. The work at the financial markets partly is similar to gambling, since both profit and loss are carrying probabilistic character, therefore management of capital and risks principles have been used in financial area also.

Very often novice traders don't pay attention at seriousness of management of capital and risks aspect, and in most cases its neglect may lead to deplorable results, even with the presence of good trading strategy. Not only the trader's earnings are vital in trading, but also the amount of money which he doesn't lose in the process of work. And so, to the trade successfully evolved, one should take into account the share of capital used in the transaction, which runs a risk.

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