Yes, you can trade money to make more money. With forex trading, you could participate in the biggest, most active market in the world. But before that, learn what forex trading is and what it is not:
Forex (sometimes FX) stands for foreign exchange. It refers to the trade that involves the currencies of different countries in the world. It is so big that on a daily basis, money amounting to over US$1 trillion is traded.
Forex trading is not limited by geography or office hours because it is a market that runs 24 hours, beginning Sundays and ending on Fridays. The exchange involves the buying and selling of at least one currency pair. Although traders can choose the currencies they want to trade, they generally stay with the major pairs.
Forex trading also offers higher leverage than the stock market. It has superior liquidity, which means there’s always someone somewhere you can trade with.
What forex trading is not
Forex trading is not personal trading. If you want to participate, you don’t need to go find an office or building to do business. There is no central exchange involved. Instead, there is what is called the interbank market. This lets anyone trade using just networks (such as computers and the Internet) and telephone.
Forex trading is not easy money. You need to learn and understand how it works in order to deal effectively. Forex trading is also not a zero-risk investment. At any time, you could win big or lose big, depending on how the market goes.