One of the hidden things in the forex business is the amount of leverage that brokers offer. Leverage can be a great tool if used correctly, but it can also be a double-edged sword and can quickly lead to losses if mismanaged. Another hidden danger is the potential risk of market manipulation. Brokers may use various strategies to manipulate the price of currencies to their advantage, leaving traders at a disadvantage. Additionally, there is the risk of unscrupulous brokers setting up accounts with hidden fees or commissions that are not disclosed until after the trade is executed. Finally, forex traders must be aware of the fact that the forex market is highly unpredictable, and there is always the possibility of losing money even with the best strategy.
