Forex market operate 24 hours per day, 5 days per week. You have 24 hours for you to trade in the market.
Currencies & Metals
Spreads As low as
Forex refers to the Foreign Exchange, and this type of trading has just started to be widely available for common investors. Forex traders can take advantage of the Internet and online brokerages to access this market.
The Forex Market
As the largest market, and the one with the highest level of liquidity, the Forex market offers numerous benefits for traders. Individual traders can access the same trades as central banks and online financial institutions, and this market involves a daily volume that is typically between $4 trillion and $6 trillion, and this is in US dollars.
The Forex market is an over the counter market, and that means that dealers and brokers have direct dealings. These entities facilitate trades on the market, and they ensure that there is a 24 hour trading environment available for five and a half days a week, as long as the parties are willing to trade.
The Benefits of Retail Foreign Exchange Trading
A 24 Hour Market
The Forex market is the only market that operates on a continuous basis. Forex trading is not available on Saturdays and Sundays.
Forex trading does not involve commissions. Traders pay for the spread involved, and this can be as small as 2 units at four decimal places.
Forex brokers may offer traders 100 times or more leverage for every dollar invested. This can help keep contract costs down and potential profits higher.
Highest Trading Volume
The Forex market has the highest market trading volume out of all the markets. No other market can compete with this volume of trading.
Forex Contract Specification
Trading Session :
Starting Sunday 22:00 and ending on Friday 22:00 GMT
Trade Margin Calculation :
Position Contract Size / Leverage * Currency Pair Live Exchange Rate
Forex Rollover Rates/Swaps
Rollover rate is defined as the interest added or deducted for holding a currency pair position open overnight. These rates are calculated as the difference between the overnight interest rate for the two currencies that a Forex trader is holding whether they are long (buy) or short (sell) positions.