What is Day Trading Forex Currency?
Forex or Foreign Exchange is a financial market wherein investors can buy and sell different currencies from different countries in order to attempt to make a profit. It is currently the largest financial market available today and its popularity still on the rise especially because an investor in the Forex market only needs a computer and an internet connection in order to trade in the market. There are millions of investors and traders in the Forex market today which includes government banks, international companies, other large banks and institutions along with home based traders. However, only 10% of those traders are able to make a profit. This is because the Forex market is all about analyzing, experience, strategizing and a bit of luck. There are a lot of different styles and approach in the market but there is no sure approach. One popular style however is day trading forex currency. The style of day trading forex currency basically means holding onto short term positions in t