Online Forex Trading

Online Forex trading is the practice of trading world currencies via the Internet. The term, Forex, is a contraction of the two words, foreign and exchange. It is sometimes further contracted down to just the two letters of FX. 

Online Forex trading can be extremely lucrative. Big profits can be made, but huge losses can also be made. It is not an activity for the unwary beginner who doesn't know what he or she is doing. 

Forex trading requires knowledge and experience that can only come with time. Fortunately, it is possible to gain knowledge and experience without losing all your money. The downside is that it will take a little time; you can't just jump in and do it. Well, you can, but those who do usually wind up penniless within days. 

Online Day Trading

Online day trading is about trading through the Internet on a day by day basis. All trades are started and completed within a single day, hence day trading. The trading can be about trading futures, option, Forex or stocks, for example. 

Online day trading, done properly, is fun. It is an enjoyable activity that is fun and can be extremely profitable too. For most people, this is all the reason they need to get into online day trading. Short term trading is not especially difficult to understand. It is quite easy to do, and it is not difficult to become successful doing it. 

Day trading used to be the reserve of very rich people. It used to be only bankers, professional speculators and investors who could afford to dabble in it. Then the Internet came along and changed everything. Now the occasional trader can work from home - online day trading has become very popular indeed. 

In the old days you had to have a broker. When you wished to make a trade, you would call your broker and ask for a quote on whatever you wanted to trade. Then you either accepted the quote, or you declined it and asked for another quote on something else.