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A Newbie's Introduction to the Currency Markets - 2 The Forex market is used to trade one currency against another. The professionals refer to this as foreign exchange, more commonly referred to as Forex or FX trading. This is an international market covering the entire planet, and has no specific central exchange, unlike all the other financial market you can think of. It is also the biggest markets you can imagine, with almost 2 trillion dollars changing hands daily (that's an awful lot of zeros). Horse Racing is a Fun-Filled Way to Trade? I don't think many traders appreciate the wide choice of alternative markets that are available to them. Why Do Even The Best Forex Trading Systems So Frequently Fail? Why do so many Forex Traders fail even when they are using a proven and well-tested system? Here's my story which will reveal all.