Here are the Forex basics: Typically, most people have little interest in economy, finance or earnings on the Internet, and have never heard about the concept of “Forex”. Forex (deduced from English FOReign EXchange, “a foreign exchange”) is the world market of currency exchange.
Although Forex is often referred to as a market where currencies are sold/traded, it is wise to refer to it as a market where currencies are exchanged. For any transaction there is a simultaneous sale of one currency and buying of another. Now, let’s delve into Forex basics in a bit more detail.