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What is Forex?         In simple terms Forex means foreign exchange. It is the over the counter showcase in which the outside monetary standards of the world are exchanged. It is considered the biggest and foremost liquid market in the world. In simple terms Forex is basically the market for currencies. Including all the transactions such as buying and selling currencies. As an example imagine you want to travel from Sri Lanka to France. You will have to exchange your domestic currency (Sri Lankan rupees) for the France currency (Euro). As you've exchanged one currency for another you have already taken part in the Forex market. According to the international standard for currency codes every national has a unique three-letter currency code. The first two letters represent the country and third, the letter identifies the currency. Following table shows some of the most commonly treated national currencies, countries of origin and...

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