From the previous post, we delved into some background on the FOREX market. It was the nuts and bolts of trading one currency for another.

So how exactly do banks and currency trading posts make profits exchanging YOUR money?

Let's get to it..

In honour of Monopoly's 80th birthday today, I thought we'd feature one of the most legendary board games of all time.

Are you frustrated that you keep losing at the Monopoly board game to your friends, family and foes? Does the fact that someone tells you “It’s only a game” make you even angrier, especially because it usually comes from someone that has just won and it trying to console your pathetic attempt at losing gracefully?

It doesn’t have to be that way. You could go home a champion.

In this missive, I will break down the strategies that you can arm yourself to win more often than you ever have before.

Without blatant and secretive cheating, of course.

Every once in a while you hear of an unusual word and in a Yosemite Sam voice, you ask yourself, “What in tarnations is this FOREX thing I keep hearing about?”

Naturally, you want to get to the bottom of it. So let your tall, dark, handsome and adjective filled author give you the tease.

The stock market is massive.

The Real Estate market is bertha-esque

The bond market is even bigger.

But the behemoth mother trucker of all markets?

There is this one, absolute BIGGEST, trading market in the world. The foreign currency market is to the stock market what Costco is to a corner store that sells five-cent sour candies.The FOREX market stands for FOReign EXchange. To the layman and your mother-in-law, it’s simply the currency trading market.

And it makes large banks and countries very wealthy and other players very poor and desolate.

So what the heck is it and how does it affect my life?

Much more so than you even know.

But, in the interest of those with an actual passport that travel and use foreign currencies (why don’t you if not?), we’ll start with how exchanging currency works and how money is made and lost – mostly by the consumer. 

Then I’ll show you where to save up to $50 on every currency exchange you make. Multiply that out in a lifetime and it can add to tens of thousands of dollars of savings.

So go away if you don’t like saving money.