Introduction to forex exchange

What's forex?
Foreign Exchange, or forex as its commonly referred to around the world. It involves the simultaneous buying of one currency and the selling of another currency on the forex market. Currencies are traded in pairs for example US Dollar/Japanese Yen (USD/JPY). When you buy US dollars, you are are selling Japanese Yen in exchange for the US dollar. You may buy your currencies your local money changers or go to a bank. This marketplace is probably what your used to seeing or familiar with. The majority of us, our knowledge of forex extends only changing currency when we are leaving the country or going on vacation. Though you are actually involved in forex trading, but not on a big scale. By changing currency, you are playing a part in the forex market. However, its much more then this, and it is a huge marketplace of which we only know a fraction. Hopefully, by reading my blog you will understand, and learn more about the forex market.