Online foreign exchange or forex trading is growing like wildfire. It pulls a huge number of amateurs who want to make additional money from home. Mostly they have seen adverts about the amount of money that can be made in this trillion greenback market. When it does, you exchange it back (close your trade) for a nice profit. If it falls, you lose. There are around 150 currencies altogether, so the possible combinations are in the thousands. Most traders concentrate on just 1 or 2 of the major currency pairs. These involve the US dollar with the euro, Japanese yen, British pound, Swiss franc, Canadian dollar or Australian dollar. You can trade forex from just about anywhere in the world, though there are some nations like China where online foreign exchange isn’t legal for political reasons. Otherwise, all that you need is a computer with a trustworthy broadband connection and some cash to invest, and you are good to go.