Forex - the new cash machine!

First of all forex is all about trading in foreign exchange.every country has its own currency and each forex trader trades on the strength of one currency against another,like the dollar-yen.a single currency may move up or down in value and this could be derived from so many factors like the economic policy of Great Britan or the Nuclear policy of India and so on. a currency value is also determined by factoring it's GDP,growth potential,inflation,World Bank's report and so on.
A forex trader tries to make money by the upswing or the downswing of the value of the currency.he/she may have bid that the yen would gain value against the U.S dollar ad when that happens he/she would make a good deal of money.the currency market is extremely volatile compared to the share market.whats more if you are planning to trade in forex it is always better to go to a well known company because they always offer a practise sessions to their investors.with these sessions a novice can do actual trade without investing his/her money and try and get the hang of how things are done.then when he/she has gained enough confidence,he/she can invest real money and do actual trades.these practise sessions are also quite useful in allowing one to become very familiar with all the tools that a forex trader uses to determine his move.all said and done,this market should not be entered lightly.as easy as it is to make good money it is equally easy to lose all of our money as well.so tread carefully and take all the precautions!happy trading