One of the things that is always on your mind if you are a stay at home parent is how you can do more. You already do enough, from taking care of the kids and the house to trying to keep yourself sane while doing it but for those of you out there that want a little bit more income, Forex, foreign currency trading, might be a path you want to explore.

You’re probably thinking to yourself: “Not me, I’m not a financial guru. Heck I’m not even good at math.”

And that’s where you are mistaken.

With the ability to hone your skills in a practice environment, most Forex brokers want you to know what you’re doing before you take the plunge.

Forex trading can be lucrative and, once you get the hang of things, a potentially engaging and stimulating second job.

Let your friends sell skin care products or jewelry, you can buy and sell foreign currencies, making a little bit of money each time until you amass a mountain of cash - all from the comfort of your own home.

In its most simple form, Forex is best explained as the buying and selling of currency on auction-style market where demand impacts price and, through arbitrage, sellers make money buying and selling currency. This means that you sell the currency at a higher value than you purchased it.

You keep repeating this process, gradually accumulating more and more money each time.

Of course, there are risks involved, as with anything on the market, but a steady, practiced hand will reap the rewards of what some would call the predictable volatility of the world currency market.

Two things you need to keep in mind when considering Forex trading are how comfortable you are with risk and how much you’re willing to put into it in terms of time doing research and investment capital.

Don’t think this is a do-nothing moneymaker - you’ll definitely need to participate.

That said, the resources on the Internet to help you conduct your foreign currency trading research are vast and extensive. You’ll probably find more than you need.

One of the first things you’ll search for are the best Forex brokers ratings. While this changes from year to year, we’ve found that this list on FX Daily Report is quite reliable.

In a staggered chart featuring the Forex traders out there, FX Daily Report breaks down each service by fees and minimums. There’s no need to stumble into something as FX Daily Report outlines everything you need to know about your potential partner.

Minimum deposit information as well as the regulatory agencies to which the broker looks to for standards are all outlined right there on FX Daily Report.

While the best Forex brokers ratings is often a subjective exercise, this list will help the individual investor determine what level of service is right for him. Some have incredibly low minimum deposits, but might hit you with high fees. These are all factors you need to consider in evaluating these Forex brokers.

If you’re eager to explore a second, supplementary income, Forex trading might just what you were looking for if you have the time and dedication to make it work.