Download or read book The Basics of Forex Trading written by Carley Garner and published by Pearson Education. This book was released on 2011-04-11 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the eBook version of the printed book. What you really need to know before trading FOREX--sorting through the myths and the misunderstood to better your odds of trading success! The foreign exchange market, a.k.a. FX or FOREX, is a worldwide, decentralized, over-the-counter financial market that facilitates currency trading. There’s no exchange and no clearing or exchange guarantee. Created to simplify asset transfer, FX has become a hotbed of speculation. Some characteristics that make FOREX valuable to speculators also create a complicated, treacherous marketplace for those who aren't prepared.