Trading Forex provides an opportunity to work from anywhere, be your own boss, decide your working hours and earn as much money as you can (there is no artificial cap on the amount of money you can earn as it is with salaries). Forex can be tough, especially for beginners. This is particularly so because of the unrealistic expectations that are common with most beginners. Beginners need to understand that Forex trading is not a get-rich-quickly scheme. This book will introduce you to the Forex market, how it works, and how to be successful in Forex trading. What is Forex? Forex or FX is a portmanteau of foreign exchange. Simply put, foreign exchange is the process of converting one currency into another currency for various reasons such as commerce, tourism, or travel in a foreign country. The foreign exchange market is a place where currencies are traded. Although many people may not realize, foreign exchange is very important since currencies have to be changed to conduct foreign business or trade. For instance, if you live in the U.S and want to buy a suit from Italy, you have to pay the Italian company in Euros. This means you have to exchange the equivalent of U.S dollars into Euros. One international characteristic of the international market is that there is no central marketplace for foreign exchange. All foreign exchange transactions are done electronically over-the-counter between traders around the world. The foreign exchange market is open 24 hours a day, five days a week, and trading is done around the world in major financial markets of New York, Tokyo, London, Paris, Sidney, Frankfurt, Singapore, and Zurich - virtually across all time zones. This implies that when a trading day closes in New York, trading begins in Tokyo. As such, the Forex market is always active at any time of the day from Monday to Friday, with price quotes changing regularly.