| The foreign exchange currency market is the largest | | | | currencies. |
| financial market in the world. It has an average | | | | With growing reach of the Internet, online Forex |
| volume of about $2 trillion a day, dwarfing the $25 | | | | trading firms began to offer trading accounts to |
| billion a day in volume traded on the New York Stock | | | | 'retail' traders. With reduced capital requirements and |
| Exchange . | | | | online access, all that is needed to get started is a |
| Also referred to as "Forex" trading, foreign exchange | | | | computer, a high-speed Internet connection, and an |
| currency trades involve the simultaneous buying of | | | | understanding of the Forex market and how to trade |
| one currency and the selling of another. Currencies | | | | it profitably. |
| are traded in pairs. For example, you may trade the | | | | The Forex market comes with a series of additional |
| Great British Pound and the US dollar (GBP/USD) pair | | | | benefit, which make it irresistable to traders. There |
| or the British pound and the Japanese Yen (GBP/JPY) | | | | are only seven major currency pairs. Compare that |
| pair. | | | | to tracking thousands of stocks. There are no |
| In effect, you are buying the currency of a particular | | | | commissions or exchange fees. Your broker simply |
| country. This equates to taking a position in that | | | | makes their money from the difference on the bid / |
| nation's economic growth. The price of the currency | | | | ask spread. This is also the most liquid market |
| is a direct reflection of what the market thinks about | | | | anywhere. |
| the current and future health of that nation's | | | | There are other benefits, but you probably have an |
| economy. If you buy the Japanese Yen, you are in | | | | idea as to why currency trading is quickly growing in |
| effect buying a share in the Japanese economy with | | | | popularity with retail traders. The obstacles to |
| the belief that their economy will expand in | | | | accessing these benefits have been largely eliminated, |
| comparison to the economy of other counties. | | | | with knowledge the only barrier between you and |
| The Forex has no physical exchange or central | | | | forex trading profitability. |
| market. Instead, it is an Over-the-Counter (OTC) or | | | | Fortunately, the need for education is being |
| 'Interbank' market. The entire market is run | | | | addressed. If you wish to learn more about the |
| electronically, within a network of banks. | | | | basics of how the foreign exchange market works, |
| The market is available continuously open. This | | | | you will find numerous resources on the Internet and |
| 24-hour market is achieved by a transitioning of | | | | can access reliable information from reputable Forex |
| trading activity around the globe. Trading begins in | | | | brokers. Once you understand the basics and choose |
| Sydney, Australia, then shifts to Tokyo, Japan. Next, | | | | to take the next step, you will want to invest in a |
| London, England takes over and then "passes the | | | | solid trading course from a reputable source. |
| baton" to New York. As New York shuts down, | | | | With good instruction, there is very little that stands |
| Sydney is opening for business. | | | | between you and the ability to benefit from trading |
| The Forex market was not intended for retail | | | | the foreign exchange currency market. |
| traders. The original intent was to provide a currency | | | | You may download a complimentary copy of our |
| exchange between banks and large institutions. In | | | | extensive, special report on the Forex market and |
| fact, prior to the late 1990's, only these "big boys" | | | | learn more about the risks and benefits of foreign |
| could participate in the foreign exchange currency | | | | exchange trading. We also reveal why the trading |
| market. An initial capital requirement of $10 to $50 | | | | methods detailed in the Forex Profit Accelerator |
| million was required, and there were other obstacles | | | | course are the most powerful documented Forex |
| preventing the average person from trading | | | | trading techniques available to the public. |