FOREX (Foreign Exchange market) is an international foreign exchange market, where money is sold and bought freely. In its present condition FOREX was launched in the seventies, when free exchange rates were introduced, and only the participants of the market determine the price of one currency against the other proceeding from demand and supply.  

As far as the freedom from any external control and free competition are concerned, FOREX is a perfect market. It is also the biggest and liquid financial market. According to various assessments, money masses in the market constitute from 1 to 1.5 trillion US dollars a day. (It is impossible to determine an absolutely exact number because trading is not centralized on an exchange.) Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Practically in every time zone (that is, in Frankfurt-on-Main, London, New York, Tokyo, Hong Kong etc.) there're dealers who will quote currencies. 

FOREX is a more objective market, because if some of its participants would like to change prices, pursuing some purpose, they would have to operate with tens of billiards dollars, and that's why any influence of single participants in the market is practically out of the question. The superior liquidity allows opening and/or closing positions within a few seconds. The time of keeping a position is arbitrary and has no limits: from several seconds to many years. It depends only on your trading strategies. Although the daily fluctuations of currencies are rather insignificant, while using the credit lines, which are accessible even to currency speculators with small capitals ($ 1,000 - 5,000), the profit may be impressive. 

Today, more than 85% of all daily transactions involve trading of the Majors, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. A true 24-hour market, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York.  

Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night. The FX market is considered an Over the Counter (OTC) or 'interbank' market, due to the fact that transactions are conducted between two counterparts over the telephone or via an electronic network. Trading is not centralized on an exchange, as with the stock and futures. The Forex or FX market can be traded from ANYWHERE in the World from a laptop, from a standard pc, fro an internet cafe etc, millions of people trade from home everyday and make an INCREDIBLE living from trading, the Forex or FX market is an incredible market to trade on a part or full time basis and this manual will give you all the insight you need to get started.