The foreign currency exchange, or forex, is a unique market in which traders make money by trading money. In a nutshell, the forex market operates wherever the currency of one country can be converted into the currency of another. Interestingly, it wasn't until 1998 that individual traders were able to access the market. Now these traders make it the largest financial market in the world, moving $1.9 trillion in trades each day. The first step a forex trader takes is to gather as much information about the market before investing the time and money in trading. From there it is a process of … [Read more...]