Forex is a market, participated in all over the world, where people can trade currencies for other currencies. Investors basically wager on the comparative strength of international currencies, such as the Japanese yen versus the U.S. dollar. If he turns out to be correct, he makes money.
Make sure you pay attention to the news, especially news from countries in which you have invested in their currency. Speculation drives the direction of currencies, and speculation is most often started on the news. Try setting up a system that will send you a text when something happens in the markets you’re involved in.
After you have chosen a currency pair, research that pair. If you spend all of your time studying every possible pairing, you will never start trading. Pick just one or two pairs to really focus on and master. This is most effective.
Watch yourself if you are feeling …