The Forex market is a non-stop cash market where currencies of nations are traded, classically via brokers. As a result the foreign currencies are continuously and concurrently bought and sold across local and global markets and traders’ savings increase or decrease in the value based upon currency movements.

Foreign exchange market conditions can modify at any time in response to real-time events. The investor’s goal in automated forex is to profit from foreign currency movements. Forex trading or currency trading is always done in currency pairs. This figure is moreover referred to as a “Forex rate” or just “rate” for short.