Forex stands for 'Foreign Exchange' and is a financial market.
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).
Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.
I copied and pasted this but there are a lot of very helpful articles regarding forex for beginners, forex/economic news, central bank and major currency news and tips regarding foreign exchange. Its located in the forex resources section of the site.
You trade currency, this is done in pairs that is you for example trade in pairs Euro vs. Dollar, Dollar vs Yen etc... some exotic pairs are a bit more complicated because three currency's are involved that is lets say you are trading the New Zeland Dollar vs the Swiss Frank the US dollar would also be a factor as it is the currency in the middle.
Currency Trading is very risky, but you can start whats called a mini account and pratice with as little as $250-$300 dollars.
Also, most of the currency trading business have free pratice accounts in which you get to play with $50,000 (fake money).
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