The direct trading of different types of currencies is called as Forex Broker During earlier times of trading the access to the foreign exchange was given only to banks and financial institutions but the advent of latest technology has helped even the small traders to participate in trading. The various online centres’ can be used to carry out the trade. The major currencies that are used for trading all over the world are Euro against US Dollars, US Dollars against Japanese Yen, British Pound against US Dollar and US Dollar against Swiss franc. When you exchange currencies there are no bonuses that are paid on it. The turn of the Forex Online is very high and it is considered to be one of the flourishing markets in the world. It is one of the oldest and the biggest financial market in the world. The trading of currencies is done through major banks unlike the trading of stocks which are done through exchanges. The minimum transaction size was very large in the earlier days but now this has been split in to smaller units for the benefit of small time traders. Even individual investors can now trade.