Does anybody know what the FOREX market is? -

Can you please elaborate and explain, what it is and can people make alot of money from it? Its a market where 1 person tries to make money by taking advantage of fluctuations in price of 1 currency over the other.. You can get more details at - http://the-forex-trading.blogspot.com FOREX is short hand for foreign exchange (conversion of one currency to another in either spot or futures contracts). Like other speculative financial markets, you can make (or loose) at lot of money by betting on which direction the relative values of currencies (eg US dollars, Euro, Yen, Sterling, etc) being traded will move. The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The trade happening in the forex markets across the globe currently exceeds $1.9 trillion/day (on average). Retail traders (individuals) are currently a very small part of this market and may only participate indirectly through brokers or banks and may be targets of forex scams. According to Peter Garnham from the Financial Times website (Published: October 9 2006 20:48) quot; The foreign exchange market will have doubled in size in just three years next year, thanks to increased participation by fund managers and pension funds, says research out on Monday. TowerGroup, a financial services research consultancy, said it expected total global average daily volumes on the FX market to exceed $3,000bn in 2007. FX volumes, which rose from $1,770bn in 2004 to $2,000bn last year, were set to rise to $2,600bn this year and $3,600bn next year, as foreign exchange became accepted as an asset class in its own right according to TowerGroup. In Forex one currency is traded into another currency. It is a huge market where small investors are a very small part in it. You can make a lot of money or loose a lot of money. You are against a great number of experienced people most of the time that makes it difficult unless you are very lucky. Foreign Exchange. Say I have 1000 euros and I want to exchange it for dollars since I will be traveling to the United States. How many dollars would I have if I did it. 1284.29 according to Yahoo finance. tomorrow it might be 1285. Depending on the FX market. That is what the Forex market does. But instead you can make money when you hold one and the other drops. It works like the stock market in that buyers and sellers determine the price of the exchange. There are lots of currencies but only 4 major currencies and they are traded in pairs. USD/JPY. USD/CHF, GBP/USD, EUR/USD. There are actually six major currencies out of 16 or 20 depending on who you trade with. But these 4 have a unique nature. They are roughly recipricals of each other. In other words when when goes up the other goes the opposite direction. And that is where you can make the money. If I trade in some combination (Not 33% for each) of the GBP/USD. against the USD/JPY and USD/CHF. I get paid interest of over 10 dollars a day on 10000 trading 25% at 100 to 1. That is almost 36% annual return and I have only risked 2500.00. And they are recipricals so my risk is hedged. I like that return. Oh by the way that is the return I am making right now. check it out at www.freedomrocks.com/12565. Whether you sign up or not. Good luck in your quest. I have found mine.