In its essence, forex day trading requires that a trade is opened and closed within the same day. It usually entails a series of rapid trades by a specialist in the forex market. The day trader could be an employee of a financial firm or even an individual operating from home.
Forex trading has several features that make it very different from carrying out transactions in other markets. The volume of currencies traded is extremely high at approximately $3 - 5 trillion per day. The market is open 24 hours, permitting trades to be made at any time of the day or night.