Currency trading is sometimes called also as FOREX or just simply FX which is the abbreviation for foreign exchange market. It is by far the largest marketplace on the globe that you can imagine. This market is not centralized unlike the stock market. Currencies are traded by banks and small private investors or speculators from Monday till Friday each day 24 hours. According to famous piattaforme forex the liquidity on FOREX market is approximately in amount of more than $300 trillion a day!
Forex has always been a marketplace where large international banks together with multi national corporations trade foreign currencies with each other. At the end of last century the situation has changed dramatically with the rise of Internet. Many small retail traders started investing into foreign currencies through online platforms utilizing world wide web. Forex is by far one of the best investment and trading and opportunities how to earn money online.
The largest share of forex trades involve Euro with American Dollar, which equals to almost one third of the whole trading volume. Following by British Pound, Swiss Franc Japanese Yen and Australian Dollar this is the group of most frequently traded currencies on forex.
Do not hurry to sign up with you broker, firstly you must know that succeeding in forex trading might be a complicated task. If someone tells you otherwise, he or she is perhaps simply lying to you. It could take years until you reach desired trading results.
There are a few things though every trader should take in consideration that could accelerate the process: having a trading system, using money management, education, being aware of psychological issues, discipline to follow your trading system and your trading plan, and others.