Forex (FX) is an acronym for Foreign Exchange and hence Forex trading refers to trading of currencies from different countries against each other.
With over USD 2000 billion trading per day, Forex is the biggest market in the world, dwarfing the stock market and the best thing is, it is open 24 hours a day!
Contrary to common notion, you do not need a lot of money to start trading Forex. Some people even start with as little as USD 200.
While there are people who make a living by relying solely on Forex trading, it is important to be realistic with your expectations, especially if you are a beginner. As easy as it sounds, learning the correct strategies and practicing with paper trading before using real money can save you from losing your hard-earned money.
After all, no investments come without risks and it is how you manage the risk involved that makes the difference.