forex trading

The foreign exchange (currency or forex or FX) market exists whereverone currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments and other financial markets and institutions. The average daily trade in the global forex markets currently exceeds US$ 2–2.5 trillion Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks.FOREX or The Foreign exchange rate market is an international market where various currency exchange transactions take place; this is in the shape of simultaneously buying one currency and selling another. The most commonly traded currencies are referred to as “Majors”; over 85% of daily transactions on Forex Trading involve the Majors. These seven currencies are the US Currency (Dollar, USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD).The Forex System in operation today was est