Until several years ago forex couldn’t be traded by individual day traders. Banks and large institutions dominated the market. That now has changed and anyone with internet connection can join this market and enjoy it’s unique features. These are some of the advantages forex attracts investors and individuals for– advantages that you can’t find in other financial markets:

• Cheap - Very low start up costs.
  You can start trading forex even if you don’t have millions on your trading capital. You can open a forex trading account for as low as $250. This is especially good for traders that are new to forex. Now don’t even start comparing the required start up capital when trading stocks, futures and other investment funds.
• Liquidity - Forex is the largest market in the world.
  Forex has a trading volume of around $1.9 trillion per day. This makes forex the most liquid market in the world, and helps to control price stability in most market conditions. Because of this volume no one can corner the market - no single entity can control the market for an extended period of time.
• Trade any time - Open 24hours a day.
  Forex market is open from 5:00pm ET on Sunday to 5:00pm ET on Friday. This means that you can trade it at any time and any schedule. In forex you can make big money working only few hours a day from your computer or anywhere else where there is an internet connection.
• Great leverage - up to 400:1.
  One of the great benefits of trading forex is the leverage. This allows you to take on relatively large transactions with a small amount of initial capital; in other words gives you more buying power for the cash invested. It is recommended to avoid very high leverage, as of course high leverage translates to high risk.
• Short-sell with no restrictions – no uptick.
  In forex you can make money regardless if you’re long or short, or which way the market is moving. Since the currency trading always involves buying one currency and selling another you always get equal access to trade in rising or falling market. Because of this there is no “zero uptick” rule or any other restrictions when short trading.
• Only 7 major currency pairs – les choices to analyze.
  When trading forex you don’t have to keep an eye on thousands of ‘picks’ like if you were trading stocks. Normally, forex traders don’t even keep an eye on 7 pairs– They pick 1 to 4 best pairs that fit their trading style and schedule. After demo trading, chose a pair or two and focus all your analysis on those.
• No commission – keep 100% of your earnings.
  Other than the spread there is absolutely no commission or other fees involved with forex trading. Currencies are traded in pairs and the difference between the buy an sell price is what you’ll pay for trading. If you pay anything other than this, you have a phony broker– drop ‘em fast.

Now let’s get stated, let’s do some learning and let’s make some money.

Start with forex basics if you’re not even sure what forex is. Or jump to money management if you’ve been reading about forex for a while but not sure how to trade safe or head over to technical or fundamental analysis to learn how to predict market direction.