Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

WHAT IS FOREX?

Let's start with a short story to introduce you with the forex market. Pushpo is a girl lives in a south asian country. She is married and her husband lives in USA. Her husband sends a fixed amount of money to her every month. It is really an exciting moment for her to receive the money sent by her husband. In some months she receives much money, and in some months she receives little less. Her receipt money varies because her husband sends USD and she receives in domestic currency through banking system. This transaction can be remarked as the smallest transaction in the forex market.

Source: spiritualhealingsource.com
Forex is the short form of Foreign Exchange Market, where the currencies of different countries are traded. According to wikipedia.com "The foreign exchange market is a global decentralized market for the trading of currencies." Forex market is the most liquid financial market in the modern world. Traders in forex market include large banks, central banks, institutional investors, currency speculators, corporations, governments, other financial institutions, and retail investors.

Source: dinoleaks.com

According to the Triennial Central Bank Survey, coordinated by the Bank for International Settlements, in April 2010, the average daily forex turnover was US$3.98 trillion, which was $1.7 trillion in 1998. In 2014, the average daily forex turnover is about 5 trillion.

The instruments in forex market include spot, outright forwards, swaps and other derivatives. Small investors who are trading at home before a device are the retail investors in the spot market. Small retail traders are those who want to deal  a healthy living on forex trading with a small investment. I am one of them who dream to be a winner in forex market. I trade with a broker that provides me a trading platform, and manages all of my transactions.

Source: business2community.com

Forex trading is a very profitable business opportunity in today's world. The popularity of the market hiked because of the technological advancement. Now a days, retail traders can trade sitting before a electronic device at home, and can gather the required information and knowledge needed to trade forex profitably.

Currently in the forex industry, huge number of forex brokers are available. Forex technical and fundamental analysis become easier than any time before. Even automatic trading tools are also available.

If you have any questions, please drop a comment below.

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