 The "FOREX" is abbreviated form of Foreign Exchange. It is also referred as the "Spot FX” market. In FOREX trading, currency of one nation is traded for that of another. Therefore, FOREX trading is always traded in currency pairs. When buying and selling in the FOREX currency trading system market, there are four "currency pairs" that dominate the percentage of trades. Those four are Euro vs. U.S. Dollar, US Dollar vs. Japanese Yen, US Dollar vs. Swiss Franc, & US Dollar vs. British Pound.
As recently as ten years ago, currency trading had high barriers to entry, so only large banking and institutional firms had access to the tools and systems required to play in the FOREX trading game. Recently, however, technology has developed to the point that any individual investor can hop right in & trade with one of the many online platforms. FOREX currency trading is not centered on an exchange like the NYSE or NASDAQ. There is no central body or organization required to act as middleman. Trading circulates between major banking centers around the world. 
The goal when investing in currency is to be holding a currency that appreciates in value in relation to the other currencies. To use an overly simplistic example, if you bought 50 British Pounds for 100US Dollars, held Pounds for 1week and in that period the value of Pounds increased in relation to US Dollars, you could then convert those Pounds back into dollars for, say, $120. The profit gained depends on the variation in the exchange rate and the size of the position. Speculating over a period of time can be dangerous and hence every government has strict rules laid down which have to be adhered to, to prevent chaos and embezzlement of money. Unlike domestic stock markets, FOREX currency trading is open for trades 24 hours a day. Much like the phrase "it's always noon somewhere," it's always business hours at some region of the globe. Since every country trades on the FX market & it's open all day, the daily volume is roughly $1.2 trillion, which dwarfs that of the NYSE. Another comparison to make to truly realize magnitude of the FOREX market is with the currency futures market (which has around 1% of daily volume). It is this industry that no fees are charged. The bid-ask spread is considered as the transaction fee. There is no biasness for an extra amount on the basis of creditworthiness. Every player is considered equal. Hence stringent rules are in place to curb out of hand activities. Forex is the largest and most liquid market. Given the amount of economic factors affecting particular country’s currency, trading cross currency pairs becomes all the more difficult. Our study of technical analysis using wave theory and other orthodox indicators provides you detailed analysis of the short term and long term trend of major currencies along with their important support and resistance levels. Get detailed analysis of major cross currencies which includes USD, EUR, GBP, and JPY along with dollar index. Also get analysis for important levels for USDINR and cross INR currencies traded on MCX-SX VARIED RESEARCH PRODUCTS
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CURRENCY RESEARCH
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