When traders are going for currency trading they look at the exchange rates which mainly depends upon a lot of factors such as economic factors including inflation, industrial production and so on. Based on these factors traders can take the decision whether to buy or sell a particular currency pair. Currency trading is done and quoted based on currency pair for example EUR/USD.
Forex trading is a huge market. Billions are traded in foreign exchange on a daily basis. Whether you are an experienced trader or an absolute beginner, finding the best forex broker and a profitable forex day trading strategy or system is complex.
The forex market offers the day trader the ability to speculate on movements in foreign exchange markets and particular economies or regions. Furthermore, with no central market, forex offers trading opportunities around the clock.