The term Forex refers to the foreign currency market on which currency pairs are traded. There are two currencies in the currency pair, and they are divided into "basic" and "denominational". The base currency is a medium of trade and is always shown on the left. We buy or sell the base currency for the denomination currency. This is the market with the largest liquidity in the world. The most traded currency pairs in the world include, for example, EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF or AUD/USD, i.e. pairs from the "majors" category.