What is forex?
Forex is short for "foreign exchange" (sometimes abbreviated to just FX) and is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

  11/04/2023
  Trading Strategy


Forex is short for "foreign exchange" (sometimes abbreviated to just FX) and is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion.

Now, when we say it is the largest market in the world, we mean it! The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of ONLY about $22.4 billion each day. Peanuts!

The FX market is a global, decentralized market where the world's currencies change hands. Exchange rates change by the second so the market is constantly changing.Just like you. Constantly changing your mind whether you want to be a trader or not...

No more excuses! Do it!

 

When can you trade forex?

The forex market is open 24 hours a day and 5 days a week, only closing down during the weekend.

The forex market can be broken up into four major trading sessions. The Sydney session, the Tokyo session, the London session, and Trump's favorite time to tweet, the New York session. Some traders prefer to differentiate sessions by names of the continent. This is known as the 'forex 3-session system'. These sessions consist of the Asian, European, and North American sessions.