FOREX Market

FX Research > Education

Foreign Exchange (FOREX) is the market where a nation's currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with over $1.5 trillion dollars changing hands daily and operate through an electronic network of banks, corporations, institutional investors and individuals trading one currency for another.

Operation Hours
Unlike other financial markets, the Forex market operate on a 24-hour basis from 5 PM Sunday until 2 PM Friday, Eastern Time.

Major Markets
Sydney and Singapore markets open at 5 PM (ET)
Tokyo market opens at 7 PM (ET)
London Market at 2 AM (ET)
New York at 8 AM (ET)

Market Comparison Currency futures markets such as the Chicago Mercantile Exchange opens at 8:20 AM ET and closes at 2:00PM