With the advent of the internet, everyone has the potential to be a global forex trader. While putting orders via a phone through your forex broker is still around, online forex trading has enabled us to make orders, modify them or cancel them with just a click of a button. And thats damn impressive because in the old days, its strictly via phone. Or god forbid, floor trading yourself.

So someone that trades forex on the internet is a global forex trader. All you need is a computer and an internet connection to trade you favorite currency pairs. And thats important because it means mobility. I could sell the pound yen, put in my stop loss and limit orders and decide to cancel the whole order all from the convenience of my toilet seat. With internet connectivity, the global forex market is at my fingertips.

But you need a broker to connect to the global forex market. The online forex industry is booming, never before has the global forex market been so accesible to the non-trader. I say non trader because you don't necessarily need to go through the grind of floor trading or even have decades of experience trading futures to trade forex.

My grandma can trade forex if she wants to. Thats saying a lot. And since its a 24 hour a day, 6 day a week market, connecting to your forex broker to put in orders offers so much that older forex traders never had.

If you're new to forex global trading then you probably have a lot on your plate. Are you a technical trader or a Fundamental trader or both? Which broker do you choose? While this process will eventually build the forex trader in you there is another important fact that must be said out loud. You will lose money before you make money in the forex market. How long you continue to lose money depends very much on your general attitude towards forex trading in general. If you are in this for the long haul and are willing to put in the hours necessary, then you're on the right track. If you view forex trading as a quick way to earn money then you'll probably lose money indefinitely.

I've been in the trade for about 5 years now and about 99% of online forex newcomers will lose money in the first year. And i've found that the first year is the most important as it determines if you're a techie or a fundie. Technical trading deals with chart reading while fundamental forex traders are more concerned with new. Personally, i'm a technical trader with a heavy bias towards price action. I tried my hand at fundamentals and i wasn't much good at it. Technical forex trading was a lot more suited to me and i dare say, a lot more suited to most online forex traders.

There is also another e-book i came across years ago that really helped me gain a wide perspective on the forex market in general. It isn't for sale but if you look around you may be able to download a copy on the internet. Its called "Bird Watching In Lion Country". It details the experiences of a South African forex trader and it helped me immensely.