Unlike other financial markets, the Forex market does not have a physical location, such as a stock exchange for example. This FOREX market operates through interbank electronic networks, computer channels or only from telephones.
The absence of physical exchanges allows the Forex market to operate for a period of 24 hours. Its range is from one time zone to another. Covers major financial centers (Sydney, Tokyo, Hong Kong, Frankfurt, London, New York, etc.).

forex market

In each financial center, there are traders who buy and sell currencies for 24 hours in rounds of working days. Trading sessions start in the Far East, New Zealand (Wellington), then Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt, London, and end in New York and Los Angeles. The following table gives you a simple description of how the Forex market operates throughout the world time zone. The time given is based on the Singapore time zone:

Forex Market Schedule (Singapore Time)


In other markets that have daily closures, it is normal for the “opening” for the following day. When there is a “chasm” up or down from the closing price the next day. This “price gap” results from the fact that when morning trading begins in your time zone. Then the opening price will be affected by the consequences of all related events that occur throughout the night.

Because Forex is a 24-hour market, the market is not closed all weekdays (Monday to Friday). Thus, we are not concerned about price differences throughout the night.

Many of us who live in Asia are trying to transact in the stock market, futures or options in the US because the US market is more volatile than markets in Asia. However, this tendency will apply throughout the night due to time differences. When I trade for US options for years, I often stay up for hours just to oversee the market in the US.

In Forex trading, I don’t have to do it. Because Forex is a 24-hour market, I can choose to transact in all time zones that are right for me.


When you trade stocks and options, you are charged a commission for every trade in and out. However, most Forex brokers do not charge a commission for your trade. Trade costs are derived from the difference between bid and demand prices. Therefore, we concentrate on trading currency pairs whose differences are as close as possible.


Because of the high liquidity of the Forex market, prices are stable. Large positions can be run at a reasonable price.



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