What The Heck Is Forex Training?
Forex trading is a funny name short for foreign exchange trading. Sometimes, it is known as "FX", but that nickname often gets people confused, since FX is also shorthand for "special effects" and the name of a cable channel. Forex trading has exploded in popularity along with the Internet. You can't do forex trading without some forex training. And you can't do forex training without being online - not unless you want to loose a lot of money.
Over The Counter Market
One of the advantages of learning forex training is that you don't need to do it through a broker. You can do it yourself via the almighty internet. For this reason, professional stockbrokers and the business press often refer to any stock play you can do yourself as "over the counter markets", or OTC markets. This is a not-so-subtle tongue in cheek nickname comparing forex to over the counter medication instead of often more powerful medication you need to go to the doctor to get a prescription for.
So, What Is It, Already?
Okay, calm down, I'm getting there. In forex training, you download a program to learn forex trading. You do everything that you would do in forex trading, only you don't use any real money. You should take at least two months of learning the forex training software before you put any real money into it. However, not everyone can get rich - or break even - with the regular stock market, much less forex trading.
Forex training software packages are free from forex websites who hope to get your business eventually. They are kind of like free samples that candy stores give out. They are willing to lose a little short-term profit in order to reach long term financial goals with getting repeat customers.
Other advantages are that there are no commissions to pay and there are always people who want to trade, as everyone wants money. The chances for the average person to make money are greater with forex trading than with the traditional stock market. You also have incredible leverage (also called gearing).
There is a lot more to forex training than the scope of this article can provide. But know that forex training is NOT a sure fire way of making money. It's also not an easy way of making money - there is a lot of learning and gambling involved. Over 50% of forex trading is speculative - which means, basically, taking a gamble.
