But due to a lack of practical knowledge and understanding of the trading system some traders failed at the initial stage itself. There are currently a number of forex e-books circulating on the internet. E-book forex is a good medium for beginners to quickly understand the forex trading business. The Backdraft FX is one of the books available on the internet that contains all the details of the foreign exchange trading market. Standard account transactions with dollars and euros while cent cent transactions deal with cents. If you want to avoid more risks, open a cent account and if you are so sure you can open a standard account.