Forex or foreign exchange is also known as the currency market. As the name suggests, it deals with buying and selling of currencies of different countries world over, where one currency acts as a base while the other acts as the quote currency. It assists in international trade and investment by enabling currency conversion. In the market which is very high in liquidity (dealing in trillions of dollars), trades are conducted for 24 hours a day across the world. The major currencies that are dealt with are US Dollars, Euros, Great Britain Pound, Japanese Yen, etc. The value of these currencies fluctuates due to various socio-political and economical reasons. A little fluctuation can create ripples in the whole market that might have both positive and negative effects on the foreign exchange and its players. So it is very important to learn forex so as to keep track of things. This can be done by following the forex news regularly.

The players of the currency market include big financial corporations like Deutsche Bank, Barclays Capital, HSBC, CITI, etc. as well as small brokering companies. These traders are like professional gamblers, operating in an unregulated and decentralized market. Except for some developing countries which have capital controls and do not permit foreign exchange derivative products on their exchanges, the size of the market is growing every day. Such rapid growth is due to increase in turnover, which is likely to be caused by factors like emergence of retail investors as an important market segment, high frequency trader's increasing trading activity and its growing importance as an asset class. A decrease in transaction cost, which is due to the introduction of electronic medium has made things fast and easy and also allowed small traders to participate actively.

While continuing to learn forex, you will come across charts that play a vital role in trading. Forex charts are interactive in nature with real time data. Popular charts include GBP/USD, EUR/USD, AUD/USD,USD/ CHF, and USD/JPY. There are various ways to view currency charts, viz. candlestick chart, bar chart, etc. The Japanese candlestick chart is very popular in the US market. They can be viewed as colorized indicators which show price fluctuations. Bar chart shows the highs and lows, the price openings, etc. while line chart shows the periodic price closing. They are a good option to simplify the price display. Forex charts are a scientific way of representing things. Although it may appear to be complicated at first, however, in course of time, with patience and understanding, one can interpret the charts easily.

Learn forex strategies to derive maximum profits from the market. The main goal of the strategy is to maximize profit. By performing some analysis, viz. fundamental analysis, technical analysis and regular trend analysis, study of currency charts, moving averages, oscillators' signals, and time frames, traders can make the most profitable decisions.

So as we can see, charts, strategies, traders and many other factors are responsible for the state of the forex. And all these scattered pieces of information about forex which are vital are brought together and highlighted in forex news. Hence even if someone does not know the foreign exchange well enough, he/she can follow forex news regularly and learn the trade to the fullest.