What is Forex | Foreign Exchange

Before i write this article let me tell u why i am writting this article. I am a web surfer i nearly surf more than 200 different web pages dailly.
For the last one Year , i was to much familliar with the word Forex or Forex Tradding some what like these terms. But today i thought of my self what is this i am seeing in many pages like these keywords Forex Currency Trade , Forex market and So on..
Today i search for what is forex and the Best of all wikipedia told me what the forex is..

So , FOREX stands for Foreign Exchange , Started in around 1970
Bsically it is a currency tradding system , through which one country currency may converted into another country currency , and now a days its one of the leading buisness of world know buisness companies.
Mainly it operate through huge network of banks , it have no centralized physicall structure and running from bank worldwide.

Forex transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another

Top 10 currency traders May 2008 from wikipedia
1
Deutsche Bank
21.70%


UBS AG
15.80%


Barclays Capital
9.12%



Citi
7.49%




Royal Bank of Scotland
7.30%



JPMorgan
4.19%


HSBC
4.10%


Lehman Brothers
3.58%



Goldman Sachs
3.47%


Morgan Stanley
2.86%



Forex Tradding is too easy to learn , you can become profitable tradder and can use your DUMB money into Profit.
Some of the things are collected from this article in wikipedia
http://en.wikipedia.org/wiki/Forex
and other are from different source ( newspaper, magazines)
From here you can make forex demo account and see how Forex Work
http://www.forex.com/forex_demo_account.html