During the global credit crisis, the world monitory reserves and central financial institutions had begun taking emergency measures. The credit had constricted and the employment market was bad and who can forget the  redundancies. People had begun uncovering secondary means of income and hence Forex came to their rescue.

Although Forex trading is not well understood; they probably have heard it a million times but don't really know the meaning. Forex trading also known as FX or Foreign exchange trading, is the buying and selling of global currencies, but it goes far beyond that simple definition. These currencies can be traded through a broker or a dealer and are submitted in pairs. For instance the Singapore dollar can be paired with Malaysian Ringgit, and similarly US dollar and Euro can categorized simultaneously. The worldwide Forex trade is growing at a very fast rate, it is currently the worlds most traded market.

Money can be made in Forex trading by predicting which currency is going to strengthen in the pair. But this market is really volatile and you need to act very quickly. Forex trading is very dependent on the currency rate fluctuations. Positions can be taken for both the short and long term with spot and forward markets catering to both needs.

The ever-changing forex rates are influenced by a wide range of aspects . Global economies and politics and worldwide interest fluctuations are some of the things that play a part. People who call themselves Forex traders include global banks, managers of hedge funds right through to individual investors.

Advantages of Forex trading

It is a global market that can be accessed from all parts of the planet, and can also be traded 24 hours per day. There a limited restrictions on trading Forex . If the risks are properly managed Forex trading has huge profit potential. The Forex trading market has an equal trading field for all and information is available on the net unlike equity trading where the traders and analysts have an upper hand in the trade.