Let’s walk through what you need to know before you can begin trading. Don’t make the common mistake of simplifying everything, jumping in, and losing your shirt. I hate to scare you, but that’s what most traders do and then walk away with a sad face. After I walk you through this stuff, you’ll be ahead of half the traders out there.

In one sentence: The Forex market is by far the biggest financial market on the face of this planet, and trades over $4,000,000,000,000 per day – yes, per day! This market is huge in comparison to every single market, nothing even comes close to how huge Forex is.

So what the heck can you possibly trading at that kind of volume? Currency. The idea is to buy one country’s currency and then sell for another one’s currency. It’s sort of like stock trading except with money. By the way, the NYSE (New York Stock Exchange) is only trading around $25,000,000,000 a day (I told you Forex was big!).

Now there are many factors and variables that come into play, but at it’s essence you want to buy at a lower price and sell at a higher price, simple right?