In fact, the Forex is the single largest financial market in the world and upwards of 1.8 trillion dollars are traded every day—between the hours of 5 p.m. EST Sunday thru 4 p.m. EST Friday. Between those hours, the Forex market is open and there are always brokers out there willing to buy and sell positions. However, unlike the NYSE, there is no centralized exchange but rather an informal network of computers supplied by investment houses, central banks, and other large players which help facilitate the trades.
Wednesday, December 30, 2009
Financial Market
In fact, the Forex is the single largest financial market in the world and upwards of 1.8 trillion dollars are traded every day—between the hours of 5 p.m. EST Sunday thru 4 p.m. EST Friday. Between those hours, the Forex market is open and there are always brokers out there willing to buy and sell positions. However, unlike the NYSE, there is no centralized exchange but rather an informal network of computers supplied by investment houses, central banks, and other large players which help facilitate the trades.
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