Understanding the basics of the forex markets is crucial information that all traders interested in day trading forex currency should know.
The forex market is open virtually 24/7 through market makers, major banks, and brokerage houses around the world. With an average daily Perfect Money turnover in the trillions of dollars it is the largest financial network in the world.
And as more and more traders move away from stocks and into foreign currency trading the forex market is only getting bigger.
The the most basic level, day trading forex currency is composed of a trading a "pair" of currencies at the same time. E.g. You might trade the Australian Dollar against the US Dollar, shortened to AUS/USD. If you were the buyer of this pair you would be buying the Australian Dollar and selling the US Dollar.