Amazing internet technology advances over the past decade has melted down the barriers of entry for individual traders, making it possible for small traders just like you and me, to trade currency online (also known as forex or foreign exchange) without having to work at a bank or to have any prerequisite qualifications. We are very fortunate to be living in the current times because the marketplace has been brought to you.
These days, you can trade currency online from your computer in the comfort of your own home. All you need is a good internet connection and a live trading account with a forex broker. These exponential trading technological advances have made online forex trading the ideal marketplace for individual traders to make a profit.
Before the turn of the century, forex trading was exclusive to the rich and powerful due to the large minimum transactions and the stringent statutory financial requirements. It was only privy to investment banks, hedge funds and powerful billionaire tycoons who own and control the banks, corporations and foundations around the world.
As a beginner to forex trading, probably, the first time you ever heard of currency trading was about 1992, when George Soros became immediately famous for currency speculation. Soros made his wealth mainly in trading forex. He is so rich that he is able to fund a large international network of charitable organizations! When he shorted the British Pound, he made a profit of more than US$1billion in a single day!
This could be a great example of how much you can profit from forex trading. And the next great forex trader could just as easily be you.