How To Start Forex Trading: A Guide To Making Money with Forex

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Every second, about $850 million changes hands in the foreign exchange (forex or FX) market, making it the world's largest financial marketplace, with daily trading volume reaching $7.5 trillion. 1 While dealing in this massive market was once the exclusive domain of banks and financial institutions, online trading platforms have opened the door for individual investors to try their hand at currency trading. Forex trading involves simultaneously buying one currency while selling another in hopes of profiting from changes in their relative values. For example, if you think the euro will strengthen against the U.S. dollar, you might buy euros and sell dollars, aiming to sell those euros later at a higher price. Thus, forex trading is about anticipating and capitalizing on these currency value shifts.

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