Investopedia: The Australian Dollar - What Every Forex Trader Needs To Know

Foreign exchange, or forex, trading is an increasingly popular market for investors and speculators. The markets are huge and liquid, trading occurs on a 24-hour basis, and there is enormous leverage available to even a small individual trader. Moreover, it is opportunity to trade on the relative fortunes of countries and economies as opposed to the idiosyncrasies of companies.

Despite many attractive characteristics, the foreign exchange market is vast, complicated, and ruthlessly competitive. Major banks, trading houses and funds dominate the market and quickly incorporate any new information into the price and it is all but impossible for a currency trader to know who they are trading with at any particular moment.



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http://www.investopedia.com/articles/forex/11/aud-fx-traders-should-know.asp

Investopedia: The Canadian Dollar - What Every Forex Trader Needs To Know

Foreign exchange, or forex, trading is an increasingly popular option for speculators. Ads boast of "commission-free" trading, 24-hour market access and huge potential gains, and it is easy to set up simulated trading accounts to allow people to practice their trading techniques.

With that easy access comes risk. It is true that forex trading is a huge market, but it also true that every single wannabe forex trader is going up against thousands of professions working for major banks and funds. The foreign exchange market is a 24-hour market and there is no exchange – trades take place between individual banks, brokers, fund managers, and other market participants – but 10 firms dominate nearly 75% of the volume.

Read more: http://www.investopedia.com/articles/forex/11/cad-dollar-what-fx-traders-should-know.asp#ixzz1QbMo7cO8

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http://www.investopedia.com/articles/forex/11/cad-dollar-what-fx-traders-should-know.asp

Investopedia: The Euro - What Every Forex Trader Needs To Know

Foreign exchange, or forex, trading is an increasingly popular market for investors and speculators. The markets are huge and liquid, trading occurs on a 24-hour basis and there is enormous leverage available to even a small individual trader. Moreover, is the forex market presents the opportunity to trade on the relative fortunes of countries and economies as opposed to the idiosyncrasies of companies. (For more, see Forex Leverage: A Double-Edged Sword.)

Despite many attractive characteristics, the foreign exchange market is vast, complicated and ruthlessly competitive. Major banks, trading houses, and funds dominate the market and quickly incorporate any new information into the prices. In fact, just 10 firms control about 75% of foreign exchange volume and it is all but impossible for a currency trader to know who they are trading with at any particular moment.

Click here to read the complete column:
http://www.investopedia.com/articles/forex/11/euro-what-every-fx-trader-needs-to-know.asp