FX or Foreign Exchange, is the world’s largest financial market. FX is the exchange of one currency for another and one of the largest, most liquid market in the world. Every trader may find some exciting trading opportunities in the Forex field. The Forex market is open 24 hours a day, from Sunday through Friday. Nearly £3 trillion worth of currencies are traded each day. International Typical Forex Trading Hours:
- New York 13:00 to 22:00 GMT
- London 08:00 to 17:00 GMT
- Tokyo 00:00 to 09:00 GMT
- Sydney 22:00 to 07:00 GMT
Since this field is wide global, many institutions around the world is now trade 24 hours a day and there are also trading hours when the two sessions overlap. For example:
- London & New York [12:00 - 16:00] GMT
- Tokyo & London [07:00 - 09:00] GMT
- Sydney & Tokyo [00:00 - 06:00] GMT
Trading Forex involves buying one currency and simultaneous selling another one. In Forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies. Overlapping Forex trading hours contain the highest volume of traders. Since the Forex market is more active than the stock market it is traded over the Counter. Though the majority of trade goes through London, New York, and Tokyo there is no one central location where currencies are traded which make it truly a global market and so the currencies are not listed on any exchange.
FX is popular with individual traders due to its accessibility and its simplicity relative to other markets. Each person can become a trader and open an online account from almost anywhere in the world. FX traders buy or sell a currency by speculating if the currency will rise or fall against the value of another, if the speculation correct, they will gain and enjoy the profit from the difference in the price.
Forex traders have frequent opportunities to take advantage of price fluctuations due to the high volumes of trade activity and the many buyers and sellers that is active in the market. In FX, the prices are affected by macroeconomic. It means a decision made by a central bank makes speculating on the market prices relatively straight forward compared to the equities market.
In Forex traders simply need to evaluate whether one country’s currency will be worth more or less than the currency of another country.
Bellow you can find a list of the benefits that each trader receives when trading with NetMarkets:
- Leveraged trading: trader can gain large exposure to diversified markets with a relatively small amount of invested capital.
- Spread transparency: NetMarkets provide timely, accurate, and transparent handling of all bid-ask spreads.
- Safety: each trader guarantied full security and anonymity of the personal information and transaction data.
- No commissions.
- No hidden fees.