Can you get rich by trading forex?

[tanyajack]

The foreign exchange, or forex, market exists to allow the global trading of international currencies. By aggregating buyers and sellers, the market establishes the relative value of each currency against a range of other currencies. Currency conversion is essential to facilitate international trade, but the forex market also enables direct speculation on the relative value of individual currencies. That is, it allows traders to buy and sell specific currencies with a view purely to making a profit. When a currency is strong in the forex market, it is generally trading at a high exchange rate against other currencies, and its price is generally rising. When a currency is weak in the market it is generally trading at a low exchange rate against currencies, and its price is generally falling.

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