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Thursday, March 5, 2009

Global Forex Market

Global Forex market is unique to any other market in the world, forex market is available 24-hours a day. Somewhere around the world, a financial center is open for business and banks exchange currency, every hour of the day and night with generally only minor gaps on the weekend. Essentially global forex market follow the sun around the world, giving the traders the flexibility of determining their trading day. The spot forex market trades are settled within two banking days. There is no central forex exchange like futures. Most of the forex trades are done electronically. The big boy's in this global forex market are the Banks or Hedge Funds. However, with new forex rules and internet forex trading platforms, almost anyone can start forex trading today.

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