FOREX — the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

You’ll need to register a trading account with a Forex broker, such as AGEA. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!

It isn’t owned by anyone in particular. Forex is an interbank market, meaning that its transactions are conducted only between two participants — seller and the buyer. So as long as the current banking system will exist, Forex will be here. It isn’t connected to any specific country or government organization.

Forex market is open from 22:00 GMT Sunday (opening of the Australian trading session) till 22:00 GMT Friday (closing of the US trading session).

Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.

A long position is a buy position, meaning that this position will be in profit if the currency rate goes up. A short position is a sell position, meaning that this position will be in profit if the currency rate goes down.

There is none. You should constantly develop your own strategies for every possible market situation if you want to be in profit. Specific Forex strategies can only be good for a limited period and for specific currency pairs.