What is Forex?

Trading forex and currencies has become a popular choice for day traders with the introduction of forex trading platforms and brokers to the internet during the 1990's. The Forex market is by far the most liquid worldwide market and is open 24 hours a day (Mon-Fri) for trading in all time-zones.

Day traders tend to prefer the forex market for online trading due to its volatile reaction to news, market data, and because of its trending nature. Forex is the simultaneous buying of one currency and selling of another as forex is traded in what is known as "cross pairs" for example GBP/USD (£/$) or EUR/USD (Euro/$).

Since forex trading became popular there has been an huge influx of new online brokers and trading platforms to the web.Finding your way through them all is a daunting task for most newcomers to forex trading. It is always best to open an account with an established broker with a good online trading platform.

Alway know the risks involved with Forex Trading, you can lose substantial sums of money if you do not have a trading plan and risk management strategy. Please please test any of the services listed here in a fully functional demo account first before risking your real money.