Learning to trade in forex (foreign exchange) is a favorite choice of livelihood because it can all be done from the comfort of your own home with your PC. There is no longer the need to go to a central exchange office or any physical location nowadays.

The world of forex runs 24/7 all you need is a computer, a high speed internet connection and a good education on how the forex trading works. This is why it's fast becoming a favored home-based business

• the potential for earning big money and the luxury of doing from your own home allowing you to spend more time with your family.

Some of the most popular currencies that are traded in forex are; the US, Canadian and Australian dollar, the Swiss franc, Japanese yen, the Euro and of course the British pound.

These currencies are all traded in pairs on the foreign exchange with trading taking place 24 hours a day 7 days a week.

To be successful in forex trading you have to have extensive knowledge which can be very complex. There are some education websites that you can use but the best education does not come cheaply.

Trading on the forex is no easy task and the amounts of money involved are not exactly small.

A lot of people become attracted to forex trading mostly because they have heard about the vast amounts of money that can be earned, stories of people driving around in very expensive cars, or owning their own yacht or private plane.

Very few people know that it's only a few that are actually making any real money, 7 out of every 10 traders lose money. To avoid becoming one of those seven will take a lot of determination, sound financial backing and most importantly a good education in how to trade in forex.

You have to be willing to take some losses in the beginning and use these as learning tools and not make the same mistakes again. It is possible to make vast amounts of money trading forex but do not be fooled into thinking that there are no risks involved.

You must be ready to put in a lot of time, effort and capital at the start before those amazing figures can be reached. Even after you have learnt to trade in forex and are making some nice money you should never stop educating yourself.

The latest financial crisis is a good example of re-education, it showed a lot of people the need to stay abreast of what is happening in world market every second of the day and sadly it took a melt down for those to realize how important continual education is.

This is why the forex world is an ongoing learning curve it is necessary to be ready for all eventualities and learn from all experiences.

At the beginning you will have to make personal sacrifices as far as your time is concerned but it is the education that will ultimately be the driving force behind your success.

If you learn to trade forex properly it can be a very lucrative business and the most important key is your initial education, for more details you can free to visit IrobotForex.net