“Forex” is the informal term for the foreign currency markets, which are extremely accessible to anyone with a computer. Read this article to get a better understanding of the mechanisms behind forex and how you could make money.
Pay close attention to the financial news, especially the news that is given about the different currencies in which you are trading. News items stimulate market speculation causing the currency market to rise and fall. Setup an alert from the major news services, and use the filtering feature of Google news to act fast when there is breaking news.
Currency Pair
Once you pick a currency pair to begin with, learn about that currency pair. Learning about different pairings and how they tend to interact takes quite some time. Choose one pair and read up on them. Keep it simple.
Never trade on a whim or make an emotionally=based decision. Anger, panic, …