The forex market(FM) is one of the most challenging and exiting market around the globe. Nowadays, users who have access to Internet can easily get involved in the Forex Market by investing low amount of money, to buy and sell currencies just through online brokerage accounts. Few years ago, this was not as simple as today and therefore it was full of large corporetions, central banks, financial institutions and extremely wealthy individuals. This market is considered to be the largest financial market with over $5 trillion daily transactions and every day it grows.
Forex Market is Global
Forex market is made up of a global network of computers and brokers. It is not just a single market exchange. With the help of the brokers, traders can post bid and ask prices for a currency pair. The most traded currency pair is US dollar, followed by EUR and in the third place is Japanese yen.
Forex Market Operating Hours
Operating hours of Forex market are from Monday morning, ASIA, to Friday afternoon in New York. It works 24 hours a day, therefore works day/night without interruption. However, you must keep in mind that for some market currencies due to emering situations it is possible to be closed during the day.