Forex Trading Hours: A Comprehensive Guide to Global Market Sessions
Forex Market Overview Forex trading hours - Forex trading, also known as foreign exchange trading, involves the exchange of currencies from different countries. It is the largest financial market globally, with a daily trading volume exceeding $5 trillion. Expand your understanding about virtual trading with the sources we offer. The forex market is decentralized, meaning there is no central exchange where all trades take place. Instead, trading occurs over-the-counter (OTC) between banks, brokers, and other financial institutions. Major Currency Pairs The most commonly traded currency pairs in the forex market are: EUR/USD (Euro/US dollar) USD/JPY (US dollar/Japanese yen) GBP/USD (British pound/US dollar) USD/CHF (US dollar/Swiss franc) AUD/USD (Australian dollar/US dollar) Forex Trading Hours Forex trading occurs 24 hours a day, 5 days a week, with different trading sessions opening and closing at specific times in differe...