What are the benefits of Forex markets? The main thing is that there is no central marketplace for foreign exchange. Currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, without one centralized marketplace. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. So, week opens at 11 pm CET in Tokyo and Hong Kong and closes on Friday 11 pm CET in New York.
In the next Chapter, we will introduce future Forex traders with basic terms such as Leverage and Pricing