Forex basically means to trade foreign currency pairs, buying or selling a currency against another currency.
Forex Trading isn’t new, it actually exists (in a way or another) since the notion of money was invented.
Not to long ago, only rich people and banks were able to make money from trading forex but the internet and computer technique evolved being more affordable to the ordinary citizen so forex trading is now available for any individual interested in becoming a forex investor.
All you need is a computer and an internet connection and you can trade forex even from the comfort of your own home if you wish.
There is no need to make phone calls to your personal broker to instruct when to buy or sell because all it’s done online.
There are many forex brokers offering online access to forex market through a certain software. the broker will take a small commission from every trad.
After you will fund your forex trading account you will be able to trade currency pairs like: GBP/USD, EUR/USD, USD/JPY, USD/CHF.
The second currency in a pair acts like money, meaning that if you buy EUR/USD you will buy Euros paying with US Dollars.
The forex trading software will execute your trades automatically and if your prediction was correct then you will make a lot of money.
In order to become a successful forex trader you need to educate yourself and learn forex trading. I will talk in my next articles about Forex Technical Analysis and Forex Fundamental Analysis.