BEST TIMES TO TRADE THE FOREX MARKET
The forex market is the largest financial market in the world, trading around $3.1 trillion each day.
(Every three years, the Bank of International Settlements (BIS) surveys major Forex market participants and then creates a volume estimate based on the information gathered.)
The most recent BIS survey completed in 2007 yielded the estimated volume figure as $3.1 trillion. (This figure represents an increase in volume of about 70% from the 2004 survey.)
The market is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday. This makes the spot FX market unique to any other market in the world, as trading is available 24-hours a day.
© Sunil Mangwani