The foreign exchange market is the biggest trading arena in the world and it is open to practically anyone with the time and money to invest. Many people are drawn to trading forex as a low cost means of generating lucrative returns in both the short and long term and the easiest and quickest way of becoming a forex trader is by opening a forex account online. As with all forms of trading currency, online trading can be as equally damaging as it can be rewarding so its a good idea to familiarise yourself with the market place well before taking the plunge for the first time. There are several online guides to trading forex which outline the pitfalls and advantages in depth and many online trading services will even let you set up a free practice forex account which you can try out with virtual assets using real-time trading data. Trading currency and trading forex simply means that you are trading a 'currency pair' which means that you are buying one currency while simultaneously selling the other currency and vice versa. If you have never traded in the foreign exchange market before, then a good means of becoming acquainted with the market place is by first opening an online practice forex account through BBB.