Forex trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (Forex or FX) is one of the largest traded financial markets in the world with a daily turnover of $3 trillion dollars. Examples of forex trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most forex transactions involve the "Majors" - the US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar