The forex time zone
Forex is an open and active market within 24 hours a day from Monday morning in the Asia-Pacific time zone straight to Friday in New York। This is within the business hours of the above mention zone, depending on the time zone। There others tens of global financial centers — such as Tokyo, Sydney or London that are open, and currency trading desks in financial centers are active in the market Holidays those not affect FX market that much because when other financial markets, like stocks or futures exchanges, closed others may be open within the same hours. If it’s a holiday in one country say, (the Fourth of July) U.S.A, other country may not be celebrating with them. With this they will still be trading currencies. Though there are common holiday across the world, but theres is always a maximum of 24 hours (one day) time difference, this may exist.Thursday, August 13, 2009
Wednesday, August 12, 2009
WHAT IS FOREX
Forex according to Mark Galant and Brian Dolan:
The foreign exchange market — most often called the forex market, or simply the FX market — is the most traded financial market in the world.
We like to think of the forex market as the “Big Kahuna” of financial markets. The forex market is the crossroads for international capital, the intersection through which global commercial and investment flows have to move.
International trade flows, such as when a Swiss electronics company purchases Japanese-made components, were the original basis for the development of the forex markets.
Today, however, global financial and investment flows dominate trade as the primary non-speculative source of forex market volume. Whether it’s an Australian pension fund investing in U.S. Treasury bonds, or a British insurer allocating assets to the Japanese equity market, or a German conglomerate purchasing a Canadian manufacturing facility, each cross-border transaction passes through the forex market at some stage. More than anything else, the forex market is a trader’s market.
It’s a market that’s open around the clock six days a week, enabling traders to act on news and events as they happen. It’s a market where half-billion-dollar trades can be executed in a matter of seconds and may not even move prices noticeably.
Try buying or selling a half billion of anything in another market and see how prices react.
The foreign exchange market — most often called the forex market, or simply the FX market — is the most traded financial market in the world.
We like to think of the forex market as the “Big Kahuna” of financial markets. The forex market is the crossroads for international capital, the intersection through which global commercial and investment flows have to move.
International trade flows, such as when a Swiss electronics company purchases Japanese-made components, were the original basis for the development of the forex markets.
Today, however, global financial and investment flows dominate trade as the primary non-speculative source of forex market volume. Whether it’s an Australian pension fund investing in U.S. Treasury bonds, or a British insurer allocating assets to the Japanese equity market, or a German conglomerate purchasing a Canadian manufacturing facility, each cross-border transaction passes through the forex market at some stage. More than anything else, the forex market is a trader’s market.
It’s a market that’s open around the clock six days a week, enabling traders to act on news and events as they happen. It’s a market where half-billion-dollar trades can be executed in a matter of seconds and may not even move prices noticeably.
Try buying or selling a half billion of anything in another market and see how prices react.
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