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As a new currency trader, one of the questions you might have when you start looking at this market is what am I actually buying or selling?' The short answer to this question is nothing! The retail FX (FX =Forex= foreign exchange=currency) market i

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

s a purely speculative one and no physical exchange of currencies ever takes place. All trades exist simply as computer entries and are netted out depending on market prices. The reason the market is in existence is to allow large companies and fina

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

cial institutions to trade huge amounts of currency easily. These constitute approximately 20% of transactions. The remainder is speculators like you and I simply trading on rate movements! You must also appreciate that the market is unregulated - i

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

t regulates itself!

The leverage that is offered in the currency markets is extremely high for the simple reason that if you traded with real money, most traders would not have enough cash to allow sensible trades to be made. The smallest movement

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

s a 'pip' and on an amount of 1000 US dollars, a 1 pip movement would yield 10cents profit (or loss). Now bear in mind that a 100 pip movement in a day is a reasonable size move, so you could stand to make 10$ on the day. This hardly sets the pulses

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

racing!

In order to overcome this problem the currency brokers offer leverage to allow you to trade at meaningful levels. These vary from 1:50 up to a suicidal 1:400 which means that for 1000 USD in your account you could trade 400,000 USD in the m

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

arket (this is equivalent to $40 per pip movement) so for a 100 pip movement in the wrong direction, you would have lost 4,000 USD. With only 1000 USD in your account you would have received a margin call or been closed out by the broker - not bad f

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

r one day's trading!! This is why currency trading is such high risk and only for experienced traders.

One of the unique aspects of the currency market, is that we do not have any volume to assist us in our chart reading, so your candlestick analys

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

s has to be excellent, as you will need to forecast price movement purely from the candles themselves.

Now - a quick lesson in currencies. All major currencies are traded as a pair such as GBP/USD or EUR/GBP. Each currency pair has its own chart an

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

d as you would expect there is a spread between the two currencies. This varies from broker to broker, as does the leverage. Another unique aspect of currency trading is there is no commission! Suppose you think the GBP/USD pair is moving up in pri

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

e (the dollar is weakening against the pound), then you might decide to go long the UK pound. In buying the pound you are automatically selling the dollar. Every pair has a 'pip' quoted price - this is normally 2, 3 or four decimal places depending

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

n the currency. For each pip movement you would gain or lose 1USD. If you wanted to sell(or short ) the GBP/USD you would sell one contract instead. It really is this simple. Naturally there are other aspects to consider such as fundamental data, et

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

c. but in essence that is really it.

Unfortunately, this simplicity belies the risks and dangers involved thanks to the leverage required to make a meaningful trade size. Just as in online poker, it is very easy to open an account and to start. The

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

typical cycle goes something like this - new trader rushes in full of confidence and optimism with small amount of money - opens large position with huge leverage and is wiped out very quickly. Having learnt lesson one, they then return some time la

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

er, with a larger fund and trade much smaller size lots ( contract sizes ) until they have built up experience. They may or may not succeed. I did much the same myself, but was lucky. I rushed in and opened six positions all of 10 contract size. I w

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

as therefore trading 600,000 USD in a world market running to trillions, with no previous experience and no plan. In a few hours I was 2,500 dollars negative. I sat up all night and watched the positions move ever lower through Asian trading. Quite

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

why I sat up all night I have no idea - I probably thought I could influence the direction by the power of positive thought! To cut a long story short I managed to close out at a profit of a few hundred dollars the following day. I was lucky - you w

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ll probably not be so fortunate. If and when you come to this market, please learn from the above. The main reason most people fail at currency trading is from under-funding. Because you can start with a very small amount of money( and trade large q

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

uantities) this is what most people do - they quickly lose their money. The only reason I survived was because I had over 10,000 dollars in my account. In my opinion the minimum you should start with is $5,000 dollars and preferably $10,000

All bro

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ers offer a demo account for you to practice your trading skills. However, I do not believe they add any value whatsoever. It is only when you start trading with real money, no matter how small, that you start to learn and develop your trading style

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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