Forex trading was once carried out by large financial institutions. However in this modern era it's now become available to the private individual as well. All you need is a PC with internet access and some trading capital to play with. The only problem is that forex trading is extremely difficult.
There is a significant learning process that every wannabe trader needs to go through. You can't just open a trading account with a broker and start playing the markets thinking you're going to create huge profits overnight. Well you can, but the net result is that you will probably lose all of your money.
Before you enter your first forex trade, you need to learn the basics of forex trading. In other words you need to be aware of things like how forex pairs move and how the price can be affected by the various economic news releases, as well as learning all the different terminology.
You should also do some research into technical analysis, which is basically where you make use of various different technical indicators on your price charts to help you find the best trading opportunities. Unfortunately this can be quite a daunting task because there is a lot to learn. Indeed it can take weeks, if not months to learn how to successfully use these advanced charting techniques.
It's also a good idea to use a practice account before you start trading with real money. Ideally this should be the broker that you plan to open a live trading account with so that you can play around with their online trading platform and practice entering some trades and placing stop loss and limit orders.
Finally you need to either develop your own profitable trading strategy or buy one online. There's no point diving straight into the deep end unless you have a proven trading system in place beforehand. This is of extreme importance because at the end of the day it's your trading system that's going to determine whether or not you become a successful currency trader.
So the point is that you really do need to fully prepare yourself before you start trading the markets with real money. The truth is that anyone has the potential to become a highly successful currency trader, but it's not easy because you first of all need to learn the basics, create a proven trading strategy and practice trading on a demo account to give yourself the best possible chance of succeeding in this extremely challenging industry.
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