The FOREX is made up of about 5,000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency. There is no centralized location of FOREX; major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt. All trading is done by telephone or Internet. Businesses use the market to buy and sell their products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market. Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements.

Liquidity - Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day ensures there is always a buyer or a seller for any currency.
Accessibility- The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.
Open Market - Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time--there can be no 'insider trading' in FOREX.
No Commission - Brokers earn money by setting a 'spread'--the difference between what a currency can be bought at and what it can be sold at.

Currencies are always traded in pairs: the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros. The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor, and a number of software tools exist to minimize loss.

Foreign Currency	Indian Rupee	Conversion Rate
American Dollar	1	46.42 INR
Australian Dollar	1	35.5485 INR
British Pound	1	88.6529 INR
Canadian Dollar	1	41.1926 INR
Chinese Yuan	1	5.81828 INR
Japanese Yen	1	0.406444 INR
Malaysia ringgit	1	12.6381 INR
New Zealand Dollar	1	0.436030 INR
Singapore Dollar	1	29.5179 INR
South Africa Rand	1	6.81644 INR
Sri lanka Rupee	1	0.4464332 INR
Taiwan Dollar	1	1.41222 INR
Mexico Peso	1	4.26223 INR
Norwegian Kroner	1	7.58819 INR
South Korean Won	1	0.048123 INR
Swedish Krona	1	6.50267 INR
Swiss Franc	1	38.0211 INR
Thai Bhat	1	1.22999 INR
Venezuelan Bolivar	1	0.021645 INR
Euro	1	59.8539 INR
Honk Kong Dollar	1	5.9883 INR

Links Comes Here