Currency trading is the largest money market in the world. The market opens 24/5 and accommodates trillions of dollars of decentralized transactions per day. The speaker presents the basic framework and nomenclature in foreign exchange: bid, ask, spread, leverage. The types of orders that can be placed in a forex market includes: market order, exit order (take profit, stop loss, trailing stop), and entry order. Due to the relatively low fluctuations in currency, most forex traders hold a specific currency for a long time before trading.