Forex Introduction

What the foreign exchange market is, who trades it and when it is open.

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Forex Trading Full Course for Beginners

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1. 00:00Forex Introduction. What the foreign exchange market is, who trades it and when it is open.
2. 00:06Forex (FX, foreign exchange) is the global market where one currency is exchanged for another.
3. 00:12It is the largest financial market in the world, trading trillions of dollars every day, and it has no central exchange — it runs over-the-counter through a network of banks, brokers and liquidity providers.
4. 00:25Open 24 hours a day, 5 days a week (Sunday evening to Friday evening UTC).
5. 00:31Traded in pairs — you always buy one currency and sell another.
6. 00:36Participants: central banks, commercial banks, funds, corporations and retail traders.
7. 00:41Retail traders access it through a broker using a margin account.
8. 00:46Reference table: Session, Approx. hours (UTC), Character.
9. 00:51Note: The London/New York overlap (12:00-16:00 UTC) is usually the most liquid and most volatile window of the day.

Forex (FX, foreign exchange) is the global market where one currency is exchanged for another. It is the largest financial market in the world, trading trillions of dollars every day, and it has no central exchange — it runs over-the-counter through a network of banks, brokers and liquidity providers.

• Open 24 hours a day, 5 days a week (Sunday evening to Friday evening UTC).
• Traded in pairs — you always buy one currency and sell another.
• Participants: central banks, commercial banks, funds, corporations and retail traders.
• Retail traders access it through a broker using a margin account.