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Forex is an acronym for foreign exchange. The Forex market, also referred to as Retail forex or FX or Spot FX or just Spot. Forex is also called the cash market or spot interbank market. The spot market means trading on-the-spot, at whatever the price is at that moment. In forex, people exchange the currency of one country for the currency of another in order to do business internationally. It means the purchase of one currency involves the simultaneous sale of another currency. Currencies are traded through a broker or dealer, and are traded in pairs; for example the British Pound and the US dollar (GBP/USD) or the Euro and the US dollar (EUR/USD).

Prior to 1994, the Forex retail interbank market for small individual speculative investors or traders was not available. Only the “big boys” could involve in market. A speculative investor, or speculative trader, is one who looks to make a profit on price movement in the market and is not looking to hold onto any currency long-term. But with the average minimum transaction size of $1,000,000, smaller traders were all but excluded from participation in this market. Then in the late 1990s, retail market maker brokers (companies that facilitate the trades for speculative traders) were allowed to break up the large interbank units and offered individual traders the opportunity to participate in the Forex market as we know it today. Because of the rise of the Internet, online Forex trading firms (Online Brokers) are now able to offer trading accounts to ‘retail’ traders like us. All we need to get started is a a computer with a high-speed Internet connection and all the information on this site is all that is needed to begin trading currencies. KickForex was built to introduce novice or beginner traders to all the important materials of foreign exchange, in easy-to-understand manner.