Typical Forex Trading Hours:
The Forex Market is more active than the stock market and is traded Over the Counter, meaning that currencies are not listed on any exchange. Though the majority of trade goes through London, New York, and Tokyo there is no one central location where currencies are traded. It is truly a global market.
FX is popular with individual traders due to its accessibility and its simplicity relative to other markets. You can trade FX in an online account from almost anywhere in the world. FX traders buy or sell a currency hoping that it will rise or fall against the value of another in order to profit from the difference in price.
Forex traders have frequent opportunities to take advantage of price fluctuations due to the high volume, trading activity and the many buyers and sellers (market participants) in the market. In FX, prices are affected by macroeconomic data such as a decision made by a central bank, which makes speculating on market prices relatively straightforward compared to the equities market. In Forex you simply need to evaluate whether one country’s currency will be worth more or less than the currency of another.