One good thing about forex trading is that, you can make some good money if you know how to play by the rules. Like every good thing, you need to put in some effort if you really want to see yourself succeeding in trading in forex.
Forex is the short form of Foreign currency Exchange.
A note of caution...
Le t me warn you that, 70% of forex traders keep losing money in Forex market while the rest keep making money. If you ever wish to get into this trading game, you better LEARN Forex trading before you start trading Forex. Forex market is definitely not a game for newbie and you need to brush up your skills before getting your hands wet.
A brief intro on Forex Trading
Foreign currency exchange (Forex) market is the largest trading market in the world. It yields an average turnover of $1.7 trillion daily. The figure is nearly 30 times larger than the total volume of equity trades in United States.
Forex is a very unique market.
Trades are always done in pairs, traders are basically buying and selling money in the same time. Beside of trading in pairs, Forex is also very special as it has no centralized trade location and trades are done around the clock.
Unlike any other financial market, investors can respond to money-value fluctuations caused by economic, social and political events at the time they occur - day or night.
