The word Forex is the short term used for the foreign currency exchange market. This is an interbank currency market that deals with the money in our world. It works by offering the exchange of currencies between banks based in different countries. This exchange is based on the price of the money from one country that is represented by the money from a different country. There are agents who run and operate the quotations of buying and selling these currencies and these workers are called Forex makers.
Forex market users are those agents of the market who are responsible for the demand for the rates of the currencies. Forex market makers and users have their own relationship which is performed through the brokerage companies.
Most of the forex trading is actually speculative so if the currency rates changes and that change is in your favor, a profit will be made. If you choose to view this market in a visual way, you can use charts that will show the movements of this market. Most traders will use a market analysis for planning their trading and each plan must include certain elements: the currency to be traded, the operation as to buy or sell, then your opening position price, the closing position price and the level of the stop loss.