A 24 Hour Market:

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A 24 Hour Market:

Post  akaishuu on Sun Oct 17, 2010 5:55 am

A 24 Hour Market:

The foreign exchange market operates 24 hours a day, and, unlike the stock market, has no official openings or closings. It moves in response to geopolitical events, press releases from key central banks, and reports on the economy from government statistical bureaus, among many other factors. When traders are inactive in one part of the world due to nightfall, there are traders elsewhere who are actively engaging in trades as it is daytime in their locations.

www.cmsfx.comThe daily session "ends" at 5PM EST, but the market does not actually close. The Forex market only closes on Friday at 4PM EST for the weekend, and re-opens at 5 PM EST on Sunday. Each day, trading begins in Sydney, Australia, and progresses to the next major financial center (Tokyo, London, New York), as the business hours in that city's time zone begin.

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