The foreign exchange market is a financial market in which the world’s currencies are exchanged in What is a trade order? In trading, an order can be defined... More to facilitate the exchange of goods and trade between countries. The foreign exchange What are value stocks? A value company is a company that app... More is commonly referred to as the forex market or the FX market.
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Forex — who, where and when?
The major financial trading centres around the world are London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.
The Sydney open coincides with the New York close and is often thought of as being the forex trading start of the day for recording data.
Thus, trading begins at 20:15 GMT on a Sunday and closes at 22:00 GMT on a Friday. The table below shows the trading sessions of each market and when they overlap.
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