Introduction

Foreign Exchange (Forex) trading is where you exchange one currency for another.

Investors speculate on Foreign Exchange markets in the hope that they will benefit from fluctuations in exchange rates.

Forex dealing is a rapidly growing and potentially lucrative market that is often neglected by investors.

Until recent years the virtual owners of this market were the banks, multinational corporations and large brokerage firms. Only the very rich could participate.

Now the internet has opened up the Forex market to experienced private investors, who can now access markets 24 hours a day.

This guide aims to tell you more about how Foreign Exchange markets work and the advantages of using them.

But whilst Forex trading can be highly profitable, beware of the many risks.

Forex Trading carries a high level of risk. Only speculate with money that you can afford to lose and make sure that you understand the risks involved. If you are in any doubt seek independent financial advice.