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Currency trading? Forex trading? FX trading? Totally clueless about forex? Here's an introduction to the foreign exchange market.

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  1. What is Forex?

    Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.

    1. What Is Traded In Forex?

      Currencies are the name of the game. Yes, you can buy and sell currencies against each other as a short-term trade, long-term investment, or something in-between.

    2. Buying And Selling In Currency Pairs

      The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.

    3. Forex Market Size And Liquidity

      The Forex market is yuuuuuuuggggeeee! And that comes with a lot of benefits for currency traders!

    4. The Different Ways To Trade Forex

      Some of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.

  2. Why Trade Forex?

    Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!

    1. Why Trade Forex: Advantages Of Forex Trading

      Low transaction costs and high liquidity are just a couple of the advantages of the forex market.

    2. Why Trade Forex: Forex vs. Stocks

      Nobody likes bullies! Good thing for us, unlike the stock market, there is no one financial institute large enough to corner the forex market!

    3. Why Trade Forex: Forex vs. Futures

      The futures market trades a puny $30 billion per day. Thirty billion? Peanuts compared to the FIVE TRILLION that is traded daily in the forex market!

  3. Who Trades Forex?

    From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete - everybody participates in the forex market!

    1. Forex Market Structure

      Because there is no centralized market, tight competition between banks normally leads to having the best prices! Boo yeah!

    2. Forex Market Players

      The forex market is basically comprised of four different groups.

    3. Know Your Forex History!

      If it wasn’t for the Bretton Woods System (and the great Al Gore), there would be no retail forex trading! Time to brush up on your history!

  4. When Can You Trade Forex?

    Now that you know who participates in the forex market, it's time to learn when you can trade!

    1. Forex Trading Sessions

      Just because the forex market is open 24 hours a day doesn’t mean it’s always active! See how the forex market is broken up into four major trading sessions and which ones provides the most opportunities.

    2. When Can You Trade Forex: Tokyo Session

      Godzilla, Nintendo, and sushi! What’s not to like about Tokyo?!? The Tokyo session is sometimes referred to as the Asian session, which is also the session where we start fresh every day!

    3. When Can You Trade Forex: London Session

      Not only is London the home of Big Ben, David Beckham, and the Queen, but it’s also considered the forex capital of the world–raking in about 30% of all forex transactions every day!

    4. When Can You Trade Forex: New York Session

      New York baby! The concrete jungle where forex dreams are made of! Just like Asia and Europe, the U.S. is considered one of the top financial centers in the world, so it definitely sees its fair share of action–and then some!

    5. Best Times of Day to Trade Forex

      Trading is all about volatility and liquidity. Which times of day provide the most dynamic market action and volumes?

    6. Best Days of the Week to Trade Forex

      Each trader should know when to trade and when NOT to trade. Read on to find out the best and worst times to trade.

  5. How Do You Trade Forex?

    Now, it's time to learn HOW to rake in the moolah!

    1. How to Make Money Trading Forex

      Just like any other market: buy low and sell high…and vice versa. Simple, right!?

    2. Know When to Buy or Sell a Currency Pair

      Let’s start with the very basics. First, what drives the value of a currency?

    3. What is a Pip in Forex?

      You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re going to explain what they are and show you how their values are calculated.

    4. What is a Lot in Forex?

      How many units of currency can we trade? What size positions can we trade and what are they called?

    5. Impress Your Date with Forex Lingo

      Wanna impress your crush? Here are some forex terms to help you wow that special someone!

    6. Types of Forex Orders

      “Would you like pips with that?” Okay, not that type of order, but buying and selling currencies can be just as simple with a little practice.

    7. Demo Trade Your Way to Success

      Currency market behavior is constantly evolving. Trade on demo first to get a lot of the rookie mistakes out of the way before risking live capital. There are no take-backs in the real market.

    8. Forex Trading is NOT a Get-Rich-Quick Scheme

      While possible if you’re a trading genius with ice in your veins and you’re luckier than a lottery winner, building wealth through trading takes time and practice to build the skills and experience needed to be successful.

You don't have to be great to start, but you have to start to be great.Zig Ziglar