Forex trading does get place day-to-day, where almost two trillion dollars are moved every day - that is a massive amount of income. Believe about how many millions it does get to bring about a total of a trillion and then examine that this is done on a every day basis - if you want to get involved in where the income is, forex trading is one 'setting' where income is exchanging hands daily.
The forex that are traded on the forex markets are happening to be all the from every country close to the earth. Every currency has it own three-letter symbol that will represent that country and the currency that is being traded. For example, the Japanese yen is the JPY and the United Stated dollar is USD. The British pound is the GBP and the Euro is the EUR. You can trade within many foreign exchange in one day, or you can trade to a different currency every day. Most all trades by a broker, or all the any company are happening to require a few kind of rate so you want to be sure about the trade you are generating before making too many trades which are happening to involve many fees.
Trades between markets and countries are happening to happen every day. some of the most heavily trades occur between the Euro and the US dollar, and then the US dollar and the Japanese yen, and then of the other most sometimes seen trades is between the British pound and the US dollar. The trades happen all day, all night, and thought out different markets. As one country opens trading for the day another is closing. The time zones across the globe affect how the trading takes place and when the markets are open.
When you are generating a transaction from one market to another, involving one currency to other you will notice the symbols are used to explain the transactions. All proceedings are going to look something love this EURzzz/USDzzz the zzz is to represent the percentages of trading for the percentage of the transaction. Other instances might look prefer this AUSzzz/USD and so on. When reading and reviewing your forex statements and online data you will understand it all much better if you are to remember these symbols of the foreign exchange that are involved.