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Forex (FOReign EXchange) is an international money market, was launched in the 1970s, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from supply and demand. Forex is also independent and the biggest liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion USD/ day. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong, etc.) there are dealers who will quote currencies.

Forex is a more objective market, because if some of its participants would like to change prices, for some manipulative purpose, they would have to operate with tens of billions dollars. Influence by a single participants in the market is practically out of the question. The superior liquidity allows the traders to open and/or close positions within a few seconds. The time of keeping a position is arbitrary and has no limits: from several seconds to many years. It depends only on your trading strategies. Although the daily fluctuations of currencies are rather insignificant, you may use the credit lines, that are accessible even to currency speculators with small capitals ($ 1,000 - 5,000), where profits may be impressive.

In this site you will find all basic info about Online Forex Trading and forex markets.

With the emergence of Internet people's view of forex markets has changed. Online forex trading is not anymore something that is available to big banks or companies or someone with a big budget. Nowadays many online trading companies have introduced mini forex accounts, with starting capital requirements below $1000 or even demo acconts where you can try online forex trading free of risk without any charge at all. If before you could find only experienced brokers in the forex markets now you can find people like housewifes, college students, etc. These smaller accounts have made currency trading available to everyone, increasing the need to be educated in online forex trading.