FOREX market is buying of one currency, and selling another one simultaneously. Forex is a large world?s financial market, which is many times bigger than stock market. Forex daily trading volume is over USD 3 billion. Forex is an off-the-board market where the operations are conducted through brokers. The trading continues 24 hours a day 5 days a week. With the help of brokers, it is possible to trade almost all currencies. Currencies, as a rule, are denoted by three letters, the two letters from the beginning denote the country, and the third letter ? the name of the currency. The most liquid are considered to be the US dollar (USD), the euro (EUR), the Japanese yen (JPY), the British pound (GBP) and the Swiss frank (CHF).

A price of one currency versus another is constantly changing (growing or decreasing). For example, if we say that the US dollar is decreasing, it is not clear, as the US dollar can rise versus the Australian dollar and fall against the euro. Currencies are always trading in pairs. As currencies are quoting one versus another, the names of the currencies can be divided with a slash (/) and are written so: EUR/USD.

Currency pairs correspond to ratio of currencies? prices, making up the pair. For example, the price of EUR/USD pair shows how much USD you can buy for 1 EUR. The first currency in the pair is a base currency, and the second- the currency of the quoting- or the quote currency. The euro is a base currency versus other major world?s currencies. There are the following base currency pairs:

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