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FOREX TRADING COURSE FOR BEGINNERS

Nor should you be hesitant to ask, in advance, what services you will be getting for the trading
commissions the firm charges. As indicated earlier, not all firms offer identical services, and not
all clients have identical needs. If it is important to you, for example, you might inquire about the
firm's research capability, and the reports it makes available to clients. Other subjects of inquiry
could be how transaction and statement information will be provided and how your orders will
be handled and executed.

IF A DISPUTE SHOULD ARISE

All but a small percentage of transactions involving regulated futures contracts take place
without problems or misunderstandings. However, in any business in which some one billion or
more contracts are traded each year, occasional disagreements are inevitable. Obviously, the
best way to resolve a disagreement is through direct discussions by the parties involved. Failing
this, however, participants in futures markets have several alternatives (unless some particular
method has been agreed to in advance).

Under certain circumstances, it may be possible to seek resolution through the exchange where
the futures contracts were traded. Also, a claim for reparations may be filed with the CFTC.

However, a newer, generally faster and less expensive alternative is to apply to resolve the
disagreement through the arbitration program conducted by the National Futures Association.
There are several advantages:

 You can elect to have arbitrators who have no connection with the futures industry.
 You do not have to allege or prove that any law or rule was broken, only that you were
dealt with improperly or unfairly.
 In some cases, it may be possible to conduct arbitration entirely through written
submissions. If a hearing is required, it can generally be scheduled at a time and place
convenient for both parties.
 Unless you wish to do so, you do not have to employ an attorney.
 For a plain language explanation of the arbitration program and how it works, write or
phone the NFA for a copy of "Arbitration: A Way to Resolve Futures-Related Disputes."
The booklet is available at no cost.

WHAT TO LOOK FOR IN A FUTURES CONTRACT

Whatever type of investment you are considering, including but not limited to futures contracts,
it makes sense to begin by obtaining as much information as possible about that particular
investment. The more you know in advance, the less likely there will be surprises later on.

Moreover, even among futures contracts, there are important differences, which, because they
can affect your investment results, should be taken into account in making your investment
decisions.

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