The foreign exchange market is a global market, established for the trading of currencies between different countries. It regulates and determines the foreign exchange rates globally. It includes all market actions such as buying, selling and exchanging of currencies at a current or determined price. Similar to the stock market, Forex market also has market participants in the form of international banks, financial institutions, management firms and multiple types of buyers and sellers as well. In the forex market, US dollar is the most active trading currency, while the EURO is the most active counter currency (second trading currency).