The Forex market is a market that does not sleep. It is open 24 hours a day, 5
and a half days a week, except the weekends. The reason behind this is
because governments, businesses and individuals who require currency
exchanging services are spread around the world and in different time zones.
For example, currency pairs with Japanese yen are most traded when it is
daytime in Japan. However, since there are always counter currencies to
complement the pair, Japanese Yen ends up being traded all day with a spike
in activity from 12 a.m. to 8 a.m. GMT.
Why would anyone trade Forex? The market is open after 24 hours and
traders with full time jobs are able to trade Forex after work, before work and
on Sunday evening.
Another reason is the liquidity of the market. The Forex market is the most
liquid market in the world. With most trading concentrated during the New
York Session, for example roughly 70% of all Forex transactions involve the
US dollar, there are always a lot of people trading. This makes it very easy to
get into and out of trades at any time, even in large sizes.
Forex can be accessible anywhere you go and where there is an internet
connection. You can trade from your computer, your laptop, or your cell
phone. The only things you need are an internet connection and a trading
account.