Currency trading (FX) is the most liquid and robust market in the world. In fact, no other market can compare to the sheer value of this massively traded market. Estimates peg the value of currency trading at around $5 trillion per day, a figure that far outstrips the value of all stock market trading in the world.
You may have noticed that the value of currencies goes up and down every day. What most people don’t realize is that there is a foreign exchange market – or ‘Forex’ for short – where you can potentially profit from the movement of these currencies. The best known example is George Soros who made a billion dollars in a day by trading currencies. Be aware, however, that currency trading involves significant risk and individuals can lose a substantial part of their investment. As technologies have improved, the Forex market has become more accessible resulting in an unprecedented growth in online trading. One of the great things about trading currencies now is that you no longer have to be a big money manager to trade this market; traders and investors like you and I can trade this market.