Forex Market Time 2017-08-12T10:30:24+00:00

FOREX MARKET TIME

With its vast geographical dispersion, huge trading volume and 5/24 non-stop operations, the forex market is regarded as unique.

Forex trading is done on currency pairs (i.e. the quotation pricing structure of the relative value of one currency unit against another currency unit), in which the first currency is the called base currency, while the second currency is called quote currency. For example, the quotation GBP/USD 1.2345 is the price of the British pound expressed in US dollars, which means that 1 GBP equals 1.2345 US dollars. The most frequently traded currency pairs (also called majors) include USD (US dollar), EUR (Euro), GBP (British pound), CHF (Swiss franc), JPY (Japanese yen), CAD (Canadian dollar), and AUD (Australian dollar).

Currency trading can be carried out 24 hours a day, from 22.00 GMT on Sunday until 22.00 GMT on Friday, with currencies traded among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Paris, Sydney, Singapore and Hong Kong. Typically, three are major trading sessions characterized by peak activity, also regarded as the powerhouses of day-to-day transactions: the European, the Asian and the North American sessions.