Introduction About Forex

Forex is one of the hottest trading markets in the world today. Derived from the words
‘Foreign’ and ‘Exchange’, Forex is the practice of currency trading. If you have been
abroad on holiday or business you have already done it. You exchanged your domestic
currency for that of the currency of the country you were travelling to, of course no doubt
you did not make any money in doing this, you probably lost some because of the
commissions usually charged by banks for currency exchange.

The Forex market is different though, by actively engaging in online trading using broker
platforms you can buy and sell currencies for huge profits. This is because you trade with
a leverage so that even a small amount of money can quickly become a huge amount if
you make the right trade.

Before throwing yourself feet first in to real money trading you should take the time to
familiarize yourself with the principles of trading and ensure you have a good level of
understanding of how it all works. We recommend you also start off small, sure it is
tempting to make your first trade with a large sum of money because the ultimate profit
potential is higher, however, good things come to those who wait and those who start off
with small trades are usually the most successful.


This Site if you like is designed to educate you on what Forex is all about and
the key principles of trading. By reading this guide in full and following our advice you
will have given yourself the best chance of success. You will understand every core area
of trading and will be well equipped to start trading profitably from the outset.
Finally for this introduction I will cover a bit about myself as you may be wondering who
I am and why I have written this guide. Well, my name is Paul and I started trading
online 3 years ago after dabbling a little offline in both Forex and stocks and shares.
When I started trading Forex was still fairly new to the Internet and as such very little
information was available to the new trader. I tried lots of different platforms, training
courses and strategies and whilst I got stung sometimes I also uncovered some products
that were absolute gems.

After about 8 months of trying different products I finally started making some big
profits. I managed to break even consistently after a couple of months but after 8 months
I began to make around 50-100 pips profit per month (pips will be covered in more detail
later). 2 years on and I have been able to consistently make around 500-1000 pips profit
per month.