What is Forex

Forex or foreign exchange market is the market where one currency is trade for another currency. Forex is the one of largest market in the world.

Forex is about high and low money exchange system. For example you need to change money if you go to foreign countries. Exchange rate always change everyday. Sometime your money can get higher than other countries money. But sometimes your money can lower than the other.

Because of this system, you can earn money from buy currency when they get lower and sell other currencies when they get higher. Exchange rate always change, because of economic waves and political changes. For example, if oil prices goes higher, all money currency will goes lower on most country, except the country that have oil sources.

There are some currency pairs that's favorite for all forex trader:

• EURO against US dollar (EUR/USD)
• US dollar against Japanese Yen (USD/JPY)
• Poundsterling against US dollar (GBP/USD)
• Us dollar against Swiss franc (USD/CHF)