What is exchanged in the forex market?

What is exchanged in the forex market? Money, simple as that. Currencies are bought and sold freely on the market. This transaction involves simultaneous purchase and sale of two currencies. For example, you have information that suggests that the Euro will go up in value, Here what we will do is buy the Euro pair: EUR / USD (Euro / US Dollar). When you buy EUR / USD, which actually doing is buying EUR and simultaneously selling USD. When you buy EUR also said that you are "Long" in Euros. When you sell the EUR, also it is known as "short" in Euros. More than 80% of the volume in the forex market is generated in what is known as the seven big pairs: - The US dollar (USD)
- The Euro (EUR)
- The British Pound (GBP)
- The Swiss Franc (CHF)
- The Canadian dollar (CAD)
- The Australian Dollar (AUD)
- The Japanese Yen (JPY)