Forex (Foreign Exchange) is the biggest financial market which turnover exceeds $1.5 trillion. There is no possibility of shaking the market by individual investors. Transactions at Forex can be realized daily, 24hours a day ?in practice, most of the transactions are made between 8 am on Monday and 6 pm on Friday ?transactions made at weekends and holiday are often connected with higher fees and much smaller profits (losses) possibility.

For the sake of high risk of currency market, it is not recommended for beginners. To start investing you should be experienced in short-term speculations on the stock exchange and have at least basic information about technical analysis. If you are firm to start investing on the Forex you should constantly monitor economic news (brokering agencies usually offer comprehensive news bulletins ?for example Reuters) and keep abreast with these publications dates ?the news can shake the market a little bit and it might be a shock for beginners, which many times can end with a huge loss.

It is said, that short-term transactions are made for coupe of hours, and the long-term is few days only! Popular on stock exchange ?uy and hold?method is not profitable here and can end as the loss of the capital. The other significant thing on Forex is investors psyche ?your future profits or losses depend on whether you can or cannot stand the rapid unfavorable loss/growth of the rate.

The general rule is setting Limit orders on much higher level then Stop-Loss orders. You should assume higher profits then losses. There are also other methods to bet on the Forex, as already mentioned publication betting ?when we wait for the publication, analyze the news and enter the market, to end the position shortly.

Earlier acquainting with investing platforms of different brokering agencies is a good idea ?so called demonstrative investing platforms (called also demo platforms) offer almost all important brokering agencies. You must remember ?although the demo and real platforms does not differ in technical respect; the decisions made on demo platform differ significantly from those you would make in reality; unless you have strong nerves ?but all of us would be millionaires then.

You can bet in any pair of quoted currencies on Forex. These are announced in this form: EUR/USD (Euro to Dollar ?the most popular pair on Forex), USD/JPY (Dollar to Yen). This form of notation means that for one unit of base currency (EUR or USD in examples) we can buy as many units of second currency as the exchange rate is. The rate is always announced with accuracy of four decimal places (Yen is the only exception ?exact to two decimal places). Example:

EUR/USD rate is 1.3115 ?for ?10.000 you can buy $13.115. CHF/PLN rate is 2.5371 ?for CHF100 you can buy PLN253.71.

On Forex, the rate is always given in two ways ?buying rate (Ask) and selling rate (Bid). Buying rate is always bigger than selling rate, the difference between these rates is called the spread. The spread is given in pips (Price Interest Point) ?ten thousandth part of rate (one-hundredth?? for Yen). It will be more comprehensible in an example:

Selling rate (Bid) EUR/PLN pair is 3.9078, while buying rate (Ask) is 3.9128 ?spread is the difference between these rates and amounts to 0.0050 that is 50 pips.

It often occurs that spread is enlarged by brokering agency for holidays and weekends and making the transactions is becoming less attractive. The spread is the only form of ?ee?from transactions, what is another typical feature of currency market.