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Forex Information

Foreign Exchange Market

 

The Foreign Exchange market (FOREX, or FX) is the largest trading market in the world, with a volume of over 4 trillion dollars per day.

 

It carries out the swapping of currencies from different countries. For example, you could be trading British Pounds for Canadian dollars. Companies worldwide need to convert currencies to settle payments for their import-export transactions in the course of normal business. The amazing fact is that only 5% of the volume traded in the Forex market corresponds to international trade.

 

Over 95% of all Foreign Exchange (Fx) volume is traded by speculators, large and small, who try to harness the enormous profit potential of the Forex Market. These include Hedge Funds and Banks who trade the Forex market for profit or to hedge their investments.

 

With the advent of online trading a new breed of speculators has emerged in the Forex market. No longer just for large institutions, traders just like us can open a retail Forex account today, anywhere in the world, and get involved in one of the most exciting markets anywhere.

 

Trading schedule: The Forex Market is open 5 days a week, 24 hours a day. It starts on Sunday at 21:00 GMT and continues without stop until Friday at 21:00 GMT.
No trading is performed on weekends as brokers and markets are closed. There is no need to turn off the robots during the weekend. They will resume trading as soon as the broker is open again.

 

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