The relationship between Forex and Forex Brokers

           Forex is an instant trading market for the exchange of foreign currencies outside the stock markets through a brokerage ( Forex brokers ) firm via the Internet that  provides the customer of services economic analyzes and , trading platforms and help to enter the market in immediate time via the web, mobile, or programs that can be installed via the computer.

So firstly , The customer should find good Forex Broker to opens an account with a brokerage firm and funded with money then can execute contracts and business deals to buy or sell currencies according to what he sees as an investor of expected strength of the economy of the State and buys its currency and selling currency of a country other with him, or expect weak state economy who must sell this currency and buy the currency of another country.

The process of Forex trading is limited only in foreign currencies of the buying and selling of foreign currencies and traded.

Among the most famous foreign currencies that can be traded is

CURRENCY	CURRENCY CODE	LETTERS CODE	STATE FLAG	CURRENT STATE	CURRENT NAME
AMERICAN DOLLAR	USD	$		UNITED STATES OF AMERICA	BUCK
EURO	EUR	€		EUROPEAN MEMBER STATE	FIBER
YEN	JPY	¥		JAPPAN	YEN
STERLING	GBP	-		GREAT BRITAIN	CABLE
SWISS FRANC	CHF	-		SWITZERLAND	SWISSY
CANDIAN DOLLAR	CAD	-		CANADA	LONNIE
AUSTRALIAN DOLLAR	AUD	-		AUSTRALIA	AUSSIE
NEW ZEALAN DOLLAR	NZD	-		NEW ZEALAND	KIWI

Currency Symbols consist of three characters shows the first two letters of the name of the country and the third letter indicates the name of the currency of the country.

Example:   USD        US  = United States     +    D   =   Dollar

Kinds of currency pairs

1 - pairs major currencies

Consists of seven major currencies, the U.S. dollar is an essential party. These currencies are:

USD, EUR, JPY, CHF , CAD , AUD

2 - Cross Currency Pairs

Dollar is not a key party and are more expensive in the spread.

Trading Systems in foreign currencies are three types are:

1 - International Monetary Market:

In this market price is evaluated currency to the U.S. dollar

2 - Dollar Trading System:

In this market are evaluated price of the U.S. dollar

3 - Exchange Trading System:

Is a direct market for the currency exchange without having the U.S. dollar key party.

The client who wishes to begin his first steps in the Forex market to start his business with a good Forex Broker and  a pair of currencies are the U.S. dollar key party until it does not face a significant risk because other foreign currencies need skill, experience and practice for a long time.

Chart shows the foreign exchange activity World: