The foreign exchange market, or FOREX as it is famously called, plays a key role in the exchange of currencies in international trading. A buyer or seller looking to accept payment from an overseas customer cannot accept it in the currency from the place of origin but has to receive it in the currency of the place of business. To facilitate this, businesses need a thorough understanding of how currency trading works. From small time businesses to multinational organizations use the medium of FOREX trading to handle revenue from international businesses. While the bigger companies have dedicated individuals/teams dealing with the intricacies of foreign currency exchange, the smaller organizations or individuals, specifically investors, who deal with the FOREX market single-handedly need to understand the basics to make are that even if ether are no profits from the transactions latest losses have to be prevented. The two most basic points to remember while being an individual trader or investor is to not fear loss but always look for opportunities that can help with proper trading, and also remember to keep a check on the volume being traded as greed can lead to major crashes. In brief, apart from having a basic understanding and the skill set required for FOREX trading, it is also important to be self-disciplined and keep a steady track of the FOREX market to avoid any illegality or major crashes because having a bleak understanding of the risk factors involves will help to navigate through crisis situations.