Every week, we provide insights into popular assets and investment strategies, helping you learn more about the financial markets in easy-to-digest pieces.
In this edition of Markets in Focus, we take a closer look at the Forex market (FX, currency trading) - one of the largest and most liquid markets in the world. Many Change customers trade Forex, attracted by 24-hour trading opportunities, high liquidity, and leverage options.
Why is the Forex market open 24 hours a day?
Unlike stock markets, Forex has no central exchange. Trading takes place between major banks across different continents and time zones:
- Australia opens first on Sunday 11:00 PM CET (Monday morning local time).
- Tokyo follows, increasing trading volume in JPY, AUD, and NZD, and driving activity in major pairs like EUR/USD and USD/JPY.
- London opens as Tokyo closes, maintaining continuous trading.
- New York adds another boost after European lunch hours.
Highest Forex trading volumes occur during overlapping market hours between London and New York, with quieter periods in the evenings as European markets close. This cycle continues until Friday 10:00 PM CET.
How to trade Forex with CFDs
Example: Buying €1,000 of EUR/USD at 1.09 with 30x leverage:
- If EUR/USD moves to 1.11, your profit is $20, multiplied to $600 with leverage.
- Losses are also possible if the market moves against your position.
Trade Forex 24/7 on Change with leverage up to 30x, covering major pairs like EUR/USD, USD/JPY, GBP/USD, AUD/USD, and more.
Start trading Forex now and explore opportunities in currency markets with Change!
