Where can i read it all, i really want to spend my time knowing the backstory! A link would be awesome and much appreciated.

Some of it is listed on this site. but i agree with you id like to read the backstory. I know Steparu has done some reviews of the game. not a insane amount of story time. but he touches a little on everything. www.steparu.com That would be my suggestion. Hopefully somebody knows more then we do. :D

Right now, this thread should help you:

http://tera-forums.enmasse.com/forums/roleplay/topics/The-Big-Lore-Thread

When we get a real edit function, the guy I got the material from will be posting something like that in general, though I'd rather if people just edit the tera.wikia. It's looking pretty bare.