Well....Decipline is one thing you need to trade all markets. I think the margin available in fx market is somewhat harmful for a newbie. In stock markets we gets margin around 10:1. even thats for intraday trading. you should close the position the same day. but not in fx. the leverage available in fx are way too high.most brokers offer 200:1 leverage(That means you can buy 10000 units of Eur/usd with a mere 50$) and you may hold the position as along as you wish,if your account is okay.
Leverage is a good help if you have a sound strategy and good money management tools.but 95% of the newbies misuse it and take positions too big for them. other than that its like any other market. actually its the biggest market in the world. the major participants in this market are banks like Citi,Goldman,JP Morgan. there is 24 hours trading.transaction costs are much lower than equities.Fx is very liquid. since its 24 hour market,there is seldom any gap openings.thechnical system works well in Forex.
There is only four or five major currencies in the world. so just like you analyze the companies in stock market,you can analyze the countries and their economy.
The best thing is that most of the brokers offer demo trading for new traders without any cost.if you want to try out the fx market,drop me a message and I'll point you to a good one. watch and learn. demo trade an account until you become confident...And go for the kill
Yasir.