Open A Live AccountOpen A Demo Account

Learn Forex

Image

What is Forex

The Forex market, short for Foreign Exchange market, is a decentralized financial market based on the conversion and exchange of foreign currencies. The Forex market operates five days a week 24 hours a day. This resulted in an astounding trading volume and market liquidity which made Forex one of the leading financial markets in the world with more than 5 trillion dollars annual turnover.

Each currency’s buying power is relative to the economic growth of its country and of course the global outlook for the future of the economy of that country. As long as a country is flourishing, so will the strength of its currency. When trading in forex, you buy one currency and sell another. That’s why we trade in “pairs”. This is due to the fact that we can only compare a currency’s strength with that of another.

The amazingly deep liquidity available in the market and the amount of the volume traded each day offer limitless opportunities for speculators who can choose to trade currency pairs like the EUR/USD, spot metals like silver and gold or even oil and CFDs.

Forex Trading Hours

Timezone (Summer)EDTGMT
Sydney Open/Close 6:00 PM 3:00 AM 10:00 PM 7:00 AM
Tokyo Open/Close 7:00 PM 4:00 AM 11:00 PM 8:00 AM
London Open/Close 3:00 AM 12:00 PM 7:00 AM 4:00 PM
New York Open/Close 8:00 AM 5:00 PM 12:00 PM 9:00 PM
Currency Pair
Base Currency
Bid Rate
Ask Rate
Bid/Ask Spread
High/Low
Pip
Spread
Stop Loss
Leverage
Offer
Take Profit