Each bank will have its own price quote that cater solely to the related banks . Large commercial banks that trade with each other through the Electronic Brokerage System ( EBS ) .
Forex Market Hours is an active trading market as long as there are banks open in a specific zone at the center of world finance . Effective trade effect from the beginning of time in Tokyo Monday morning to Friday afternoon in New York time . If referring to the time GMT , trading week occurs from Sunday night until Friday night , or 5 days for 24 hours per day .
Price Reporting Trading Volume
However, it is possible trades occur simultaneously at different rates among the various parties in the market . Prices in the market are usually closely related to the larger market . Pricing is usually relatively close between market . But the main difference between forex and other financial markets is the lack of data volume has been traded in any time . Recent technological developments have managed to break the barriers that lie between the client's first retail Forex market with inter - bank market . Unlike other equity markets , the forex market is no consolidated tape , price , and trading volume to be reported .
The market started trading online forex initiated in the early 90s . Which then opened up opportunities in the retail client by connecting the forex market with the end user . Along with the advancement of technology , fast internet access , and sophisticated gadgets / cpu making the trading platform can access data center servers . Forex liquid was now in your computer . Retail client is now able to trade together with the world's largest banks , with the same price and execution . Formerly a business like this is dominated and controlled by large inter - bank and now a commonplace for individuals to have the same opportunity with the big banks .
Technology is not only changing the structure of foreign exchange in terms of accessibility , but also the perspective of market participants who turn in making trading decisions . Research shows that the main reason for failure is the lack of benefit from the discipline that is dedicated to achieving a successful trading and risk management . Develop an iron discipline among attitude must be put forward by the trader .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
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