A-BEGINNERS-GUIDE-TO-FOREIGN-EXCHANGE-TRADING
Guide to Foreign Exchanges: What is forex trading and how does it work? Learn how to get started in currency trading. The Forex exchanges allow for 24/7 trading in currency pairs, making it the world's largest and most liquid asset market.
Guide to Foreign Exchanges: What is forex trading and how does it work? Learn how to get started in currency trading. The Forex exchanges allow for 24/7 trading in currency pairs, making it the world's largest and most liquid asset market.
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The over-the-counter market, also known as the ‘cash’
or ‘spot’ market, is a place where instruments are
exchanged for cash and delivered forthwith, or on the
spot. Unlike the stock market, the spot market has no
physical central exchange – trade takes place through
brokers offering retail investor accounts.
Catering to a number of market participants, the forex
market operates 24 hours a day five days a week,
beginning in Wellington, New Zealand, on Sunday and
wrapping up in New York Friday afternoon.
A key point to also keep in mind is daily trading volume
generally increases amid London and New York hours,
particularly when the two market sessions overlap.
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