What is trading in forex market?
The simple answer is the price ... Thukku currency.
Since you are not buying anything, so it may seem a little confusing.
Think of buying a currency as a purchase of a country, just like buying a company's shares. Currency prices show current and future conditions of a country that are thinking about the market currency.
Suppose when you buy Japanese currency, you are buying 1 stock of Japan. The purpose behind your purchase is that the Japanese economy will do better and in the future when you sell it, you will gain profit.
Generally, the price of one currency will not decrease with the price of other currency, depending on which one is better than the other of the two countries.
However, when you know more detail, then be more interested in trading.
Major Concepts
The Majors
Symbols Country Currency Nickname
USD United States Dollar Buck
EUR Europe Euro Fiber
JPY Japan Yen Yen
GBP United Kingdom Pound Cable
CHF Switzerland Franc Swissy
CAD Canada Dollar Loonie
AUD Australia Dollar Aussie
NZD Newzeland Dollar Kiwi
The symbol of the currency is always three letters. Where the first two letters identify the country and mark the currency of the third letter country.
Like NZ, NZ means New Zealand and D means dollar.
The currencies that are seen in the chart above are called Major Currency. Because they are the most traded currency.
Some other dollar names: greenbacks, bones, benjis, benjamins, cheddar, paper, loot, scrilla, cheese, bread, moolah, dead presidents, and cash money