When you begin a new hobby or even profession, you are certain to come across terminology that you do not understand. The problem with not understanding the terminology of the industry, is that it hinders your progress in your chosen field.

The Forex trading market is the largest market in the world by far. In fact it is bigger than all the stock exchanges in the world combined. Trading goes on day and night seven days a week and there are millions of individuals, companies and even governments using the Forex to make money every minute. However, do not let this trick you into believing that trading Forex is easy money, because it is not.