Intro- Forex Trading and how to make money online

I am interested in making money. Yes. Like no one else is. So I will be posting some stuff about doing exactly that. The posts may either be fragmented or whole. Today I would like to talk about Forex(Foreign Exchange) trading. Forex trading is virtually limitless. As long as you have good internet connection and a nice seat. It can happen 24 hours a day except on weekends.

Foreign exchange market exists wherever a currency is traded for another. It is the largest financial market in the world and includes interbank trading, large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3,000,000,000. Retail traders are only a small fraction of this market and may only participate indirectly through brokers or banks, and are subject to forex scams.

The interbank market caters for both the majority of commercial turnover and large amounts of speculative trading every day. A large bank may trade billions of dollars daily. Some of this trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank's own account.
Until recently, foreign exchange brokers did large amounts of business, facilitating interbank trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems. The broker squawk box lets traders listen in on ongoing interbank trading and is heard in most trading rooms, but turnover is noticeably smaller than just a few years ago.