Forex currency traders buy and sell currencies on foreign exchange markets. They seek to profit from changes in different currencies' values in relation to one another. Forex trading can be highly profitable but also brings significant risks of loss.

Why do you want to be a forex trader?

The Forex market is open round the clock, which allows you to trade whenever you want. It provides great flexibility for traders who want to trade part-time and as there are no market opening or market closing times the opportunity for potential profits is 24 hours per day, 5 days per week!

Do forex traders make good money?

Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% per month, thanks to leverage. Remember, you don't need much capital to get started; $500 to $1,000 is usually enough.