Forex Guide For Beginners

Forex is derived from the words foreign and exchange, and sometimes is abbreviated as FX. It is the largest financial market in the world--generating trillions in currency exchanges everyday.

It is considered an over-the-counter (OTC) market. What that means is there is no central exchange or central bank that matches up orders and trades. Trading is very liquid in the foreign currency market.

This makes it quite unique because it operates twenty-four hours a day worldwide. Trading is not centralized in one location. You can start trading in Sydney and end your day trading in New York. Trading is never constrained by the hour of day or by the time zone you happen to live in.

This site hopes to help beginners acquire the proper knowledge and build a solid foundation for profitable trading. You're already halfway there because all activities are carried out online.

Before throwing yourself into real-world and real money trading, take some time to learn the basics. Here you'll learn the different currencies, charts, brokers or dealers, trading language (or jargon), trends and more. They're all the essential stuff you need to get started. Once you've gathered enough knowledge, we look forward to seeing you trade successfully. So, happy hunting!