Size of the Forex Market

The Forex Market has a continuous operation of 24 hours in a period of 5 days a week. 

Some brokers disable their trading platform during the week-end while others allow their traders to open a position in exchange of paying a high-cost on their spread. 

Actually, the global currency exchange market never stops. It operates even on Saturday and Sunday where the slight movement can be noticed on your chart during the start of the trading week. 

This is known as the “Gap” because the last closing price will not be the opening price.

Trading will begin at 5 PM of Sunday, New York time. The market will open starting from Sydney and Singapore then followed by Tokyo at 7 PM. And finally, London will open at 2 AM and New York at 8 AM.

The world foreign currency exchange market does not have a main or central office location where the trading processes are conducted. 

Players of this game compose of Banks, Companies, Individual Traders and other Institutions.

Forex is by far the largest market in the world where there’s an estimated value of 1.85 US trillion dollars that are being exchanged everyday. 

If we are going to compare it on the NY Stock Exchange it will have to take at least three months period before the same amount can be achieved. 

The FX market can accept unlimited amount of trading transaction and volumes at any given period of time. This makes the other types of trading market nothing when compared. 

One advantage of trading Forex is it’s characteristics of being liquid which mean that you can immediately Stop or Close your Opened Positions without any problem of suffering from slippage.

Participating on trading the FX market will require you to have a dealing station or more commonly known as “Brokers”. 

Their primary task is to match your BUY and SELL order on the real-time market prices with some cost as their own commission. 

There are several FX Broker out-there where it’s so easy to join plus most of them are giving free bonuses by simply registering an account. 

Such other bonuses offered is that you will be receiving an additional percentage on every successful deposit that you have made on your account.

All Brokers allow their traders to trade a variety of currency pairs. These pairs are categorized into three types which are the Major, Cross and Exotic currencies. 

Major types are those that are paired with the USD and the following are some examples:

EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CHF

Cross currency pairs are those that without any relationship to USD such as:

EUR/GBP, EUR/JPY, GBP.JPY and EUR/CHF

Exotic currencies are pairs that are not commonly traded by everyone and offered by a few Brokers only. The downside of trading them is that it could cost you a huge amount of spread.

Moreover, if you really intend on investing your money online then trading the Forex market provides you a good opportunity. 

You just have to put some time and effort in trying to educate yourself and gain experience through practice.