I don’t know about you, but I used to think that the world of "Forex" – foreign currency exchange – was very exotic and difficult to comprehend. Maybe that’s what the big traders in world currencies wanted everyone else to think so they could keep all the Forex profits to themselves. Though there are various Forex trading strategies, foreign currency exchange is fundamentally very simple: a trader pays "x" amount of one currency for "y" amount of another. Or he/she sells "z" amount of one currency for "w" amount of another. The trader hopes to buy low and sell high. Simple.