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Forex is abbreviation for Foreign Currency & simply refers to trading currency. Large Banks & a few large companies from around the world are the market makers for trading foreign currencies worldwide. This is unlike Stocks that have a regulatory body & a stock Exchange with network of market makers, brokers & agents.

A part of the trading is driven by trade needs of governments, importers & exporters trading in currencies from various countries to create a balance as may be needed by them on account of current or planned import/export orders.

But a second part of the forex trading is linked to speculative trading in currencies. The basics of forex are similar to that of the stock market found in any country, but on a much larger scale, involving people, currencies and trades from almost every country.

Currency rates are changing by every minute. The major trading areas for forex are in Tokyo, London and New York. There are other locations around the world where forex trading takes place.

The heavily traded currencies are US Dollar, Japanese yen, the Australian dollar, the Swiss franc, the British pound sterling, the Eurozone eruo

In Stock trading, if someone come to know what is going to happen before the general public and trades in that stock, it is known as inside trading. Using inside business secrets & news to buy stocks and make money is illegal.

The monetary trades, buys and sells are all a part of the forex market but very little is based on business secrets, but more on the health of the economy indicated by certain economic parameters.

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