Forex is a word derived from Foreign Exchange. It is the largest financial market in the word but unlike other financial markets there is no single place for Forex trading. With the advent of internet and due to its 24/7 availability traders now buy and sell while sitting in front of computers which are linked to brokers.

Forex trading is both easy and difficult at the same time. Easy because it does not require much capital you can have $100 and a Forex account and you can start trading.

It is difficult because you need to have a constant eye on the economic factors around the globe that can influence currency value. You not only need to have the understanding of the economic factors but the intuition counts a lot on buying and selling of any currency.

To start up Forex trading you only need to have a Forex account on an Online trading platform. The Forex account will provide you the leverage. Leverage means the facility to buy currency worth more than you have invested in the Forex account. Some Online trading platforms provide you the leverage of up to 1:100 which means if you have just invested 100 USD you can make purchase of up to 10,000 USD.

Online trading platforms as compared to traditional brokers provide the benefits of dealing directly from live price quotes, fast and efficient execution of deals, lower transaction costs, real time profit and loss analysis and full access to market information.