The Forex Exchange is the largest financial market in the world where the currency of one nation is traded and always traded in pairs. The currency pairs are traded against the US Dollar (USD) called the majors or majors pairs. The major currency pairs are the Euro (EUR/USD), the British Pound (GBP/USD), the Japenese Yen (USD/JPY) and the Swiss Franc (USD/CHF). Others Pairs called cross pairs are the Euro/Yen (EUR/JPY), the British Pound/Yen (GBP/JPY), the Euro/British Pound (EUR/GBP) and more than 50 currency pairs are traded. The forex market is a 24hour market from Sunday evening to Friday afternoon EST. The forex market is an over the counter (OTC) or ‘interbank’ market and its not centralized on an exchange