The forex market is open 24 hours a day in various parts of the world, beginning at 5 p.m. EST on Sunday until 4 p.m.
Friday, EST The ability of the forex to trade 24 hours a day is due in part to different international time zones.
Forex is the world's largest market. Forex trading is conducted by phone and electronic communication networks (ECNs) in various global markets.
Beginning at five o'clock in the evening local time, the market is open nonstop all over the world. EST on Sunday until the early afternoon hours. EST on Friday morning.
At any given time, at least one market is open, and there is a few hours of overlap between one region's market closing and another region's market opening.
Because currency trading is so global, there are always traders all over the world making and meeting demands for a specific currency.
Currency is required all over the world for international trade, as well as by central banks and businesses operating on a global scale.
. Since the end of the gold standard in 1971, when fixed-currency markets ceased to exist, central banks have relied heavily on foreign exchange markets.
Instead of being "floated" and tied to the value of gold, most international currencies have been "floated" since that time.
The Australasia region is the first to start trading in the forex market each day, followed by Europe and finally North America.
When the markets of one region close, those of another region either open for business or continue trading after they have already done so.
The forex market can trade 24/7 due to international time zones and the fact that trades are conducted over a network of computers rather than a physical exchange.