There is no doubt whatsoever that it certainly can be used extremely successfully to create MASSIVE wealth, providing of course one knows how it works.

Individuals who have taken the trouble to acquire this skill and in fact master it, will never look back and most certainly will never be financially dependent again!

Over the years technology has made it easier for individuals to learn the skills and actively trade in forex.

The forex market is a global decentralized market for trading currencies.

The values of different currencies are consistently determined by the forex market. Through conversions international trade and investments can take place.

Speculation in the value of currencies are also supported.

A typical forex transaction will take place as a trader buys a quantity of one currency by paying a quantity of another currency.

There is no central market for the majority of trades. Due to the over the counter nature of currency markets, there are rather several interconnected market places that causes the exchange rate to vary depending on who the market makers are. Rates are generally close and therefore avoids arbitrage. On many online trading platforms scalping a form of trading is prohibited specifically to counter arbitrageurs.

The main trading centre for currencies is London while New York, Hong Kong, Tokyo and Singapore are also important centres.

Currency trading continues throughout the day. As the Asian sessions end, Europe begins followed by the North-American session. This sequence is repeated every day, excluding weekends.

This allowing individuals loads of flexibility on what time they wish to trade on the market and in what market.

Currencies are traded against one another with the base currency first and the second currency referred to as the quote currency. Example (EUR/USD) 1.4000 is the price of the Euro expressed in Dollars. 1 euro = 1.4000 dollars.

According to surveys, the most traded currency pairs are the EUR/USD, USD/JPY and GBP/USD.

Because of an ever changing mix of events, supply and demand consistently shifts and the price of one currency in relation to another shifts accordingly. The value of a currency is therefore not influenced by one single element alone, but by elements such as market sentiment, economical factors and political conditions.