So you want to get involved in the foreign exchange market, or forex.
You′re itching to trade one currency for another and make some profit. But
you can′t just barge into Citigroup of Merrill Lynch and start throwing
euros and yen around. To participate, you need a forex broker.

The preeminent forex broker for day traders (i.e., average Joes) is
Advanced Currency Markets, or ACM. To many people, the Swiss company,
founded in 2002, is synonymous with “forex broker,” trading about $70
billion a month.

There are dozens of other brokers, though, who service day traders. It’s
done almost exclusively online, and in fact ordinary citizens rarely got
involved with forex trading at all until the computer boom of the 1980s,
and then exponentially more with the advent (more…)