Forex means Foreign Exchange Market and it is a global market where world currencies can be traded against its other. Forex Market is huge with daily volumes of about 4 trillion dollars. The Forex Currencies fluctuate according to actual monetary flows but additionally according to anticipations about global economic conditions.
Forex Market Participants
Forex market incorporates many different types of participants, the most important are:
1. Central and Commercial Banks
2. International Trade Companies
3. Forex Brokerage Companies (Forex Brokers like ECN and STP brokers)
4. Large, Medium and Small Institutional Investors (i.e. Investment Companies, Hedge Funds etc)
5. Common Retail Traders
6. World Travelers
Forex Sessions
There are 3 main trading periods:
1) New York Trading Session
2) London Trading Session
3) Tokyo Trading Session
Forex Market Trading Hours
The Forex market is an OTC (Over-The-Counter) Interbank market open for 24 hours a day. The Forex market opens at 21:00 GMT on Sunday and closes on Friday at 21:00 GMT.
Actually, there are two Forex time zones, the winter and the summer time zone.
1) The Winter Time Zone (October to April)
Time Zone (Open-Close) EST GMT
New York 8:00 AM
5:00 PM 1:00 PM
10:00 PM
London 3:00 AM
12:00 PM 8:00 AM
5:00 PM
Tokyo 7:00 PM
4:00 AM 12:00 AM
9:00 AM
2) Summer Time Zone (April to October)
Time Zone (Open-Close) EDT GMT
New York 8:00 AM
5:00 PM 12:00 PM
9:00 PM
London 3:00 AM
12:00 PM 7:00 AM
4:00 PM
Tokyo 8:00 PM
5:00 AM 12:00 AM
9:00 AM
Beside this there are a lot of sites that specialized in forex learning trying to create agood explanation about the concept behind this huge market like fx-street and forex factor and fx-arabia.com
So its good trading only if you have the principles that allow you to trade in this market .
Forex Market Participants
Forex market incorporates many different types of participants, the most important are:
1. Central and Commercial Banks
2. International Trade Companies
3. Forex Brokerage Companies (Forex Brokers like ECN and STP brokers)
4. Large, Medium and Small Institutional Investors (i.e. Investment Companies, Hedge Funds etc)
5. Common Retail Traders
6. World Travelers
Forex Sessions
There are 3 main trading periods:
1) New York Trading Session
2) London Trading Session
3) Tokyo Trading Session
Forex Market Trading Hours
The Forex market is an OTC (Over-The-Counter) Interbank market open for 24 hours a day. The Forex market opens at 21:00 GMT on Sunday and closes on Friday at 21:00 GMT.
Actually, there are two Forex time zones, the winter and the summer time zone.
1) The Winter Time Zone (October to April)
Time Zone (Open-Close) EST GMT
New York 8:00 AM
5:00 PM 1:00 PM
10:00 PM
London 3:00 AM
12:00 PM 8:00 AM
5:00 PM
Tokyo 7:00 PM
4:00 AM 12:00 AM
9:00 AM
2) Summer Time Zone (April to October)
Time Zone (Open-Close) EDT GMT
New York 8:00 AM
5:00 PM 12:00 PM
9:00 PM
London 3:00 AM
12:00 PM 7:00 AM
4:00 PM
Tokyo 8:00 PM
5:00 AM 12:00 AM
9:00 AM
Beside this there are a lot of sites that specialized in forex learning trying to create agood explanation about the concept behind this huge market like fx-street and forex factor and fx-arabia.com
So its good trading only if you have the principles that allow you to trade in this market .
