One of the most important and the most well known currency trading market is the FOREX. It is one of the largest marketing firms for currency in the world. The Forex markets are cash markets where one currency is traded against another currency. The markets of Forex are based upon the exchange rates of the different currencies belonging to different countries. These trades are available for all the currencies of the world. The most active markets are thebr br • EURUSD, the GBPUSD (also known as cable)br • The USDJPY (US Dollar to Japanese Yen)br br It is traded 247. It is trade and open for market from Monday morning in New Zealand untilbr Friday night in the US.br br Forex Market Pitfallsbr br In theory, if you see it is just like any other currency market in the world, but there are some considerations to be taken. Some significant differences that need to be considered for better understanding and to make sure there are no disadvantages. Some of these differences are negligible, and if not considered will make huge difference in profits or loss. This is why the understanding of the Forex market is must for you and for every other who trades there or is thinking of trading there, there can be lot of pitfalls.