THE FOREX MARKET

 THE FOREX MARKET

The forex market is open 24 hours a day in different parts of the world, from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. The ability of the forex to trade over a 24-hour period is due in part to different international time zones.

Foreign exchange

• Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies are traded.
• When you trade currencies, you buy one and sell another at the same time. This is why quotes are always in pairs of two (e.g. EUR/USD or USD/CAD).
• The forex market is the largest, most liquid and profitable financial market in the world, with an average daily trading volume exceeding $5.3 trillion.
• The market is open 24/24 hours and 5/7 days.