Foreign Currency Exchange

Foreign Currency

Currencies Are Important To Most People Around The World, Because Currencies Need To Be Exchanged In Order To Conduct Foreign Trade And Business.

The Foreign Exchange (FOREX) Market is the world's largest financial market. The two sides of the transaction are made by telephone and electronic trading system, and the time difference will closely connect the business hours of the foreign exchange exchanges around the world, so that the transaction will be no more than 24 hours.

Market fluctuates due to economic, political and social events. The risk of investment between closed and open markets may be relatively low. The factors that affect the foreign exchange market are very broad, so the foreign exchange market is difficult to be manipulated. The participants in the market have banks, governments, institutions, and so on, so the liquidity of the foreign exchange market is extremely high.

Foreign exchange trading hours

Region
Open & Close Time
  • Sydney Open
  • Sydney Close
  • Tokyo Open
  • Tokyo Close
  • London Open
  • London Close
  • New York Open
  • New York Close
  • 10PM GMT (Summer)
    9PM GMT (Winter)
  • 7AM GMT (Summer)
    6AM GMT (Winter)
  • 11PM GMT (Summer)
    11PM GMT (Winter)
  • 8AM GMT (Summer)
    8AM GMT (Winter)
  • 7AM GMT (Summer)
    8AM GMT (Winter)
  • 4PM GMT (Summer)
    5PM GMT (Winter)
  • 12PM GMT (Summer)
    1PM GMT (Winter)
  • 9PM GMT (Summer)
    10PM GMT (Winter)

Many institutions in the world trade 24 hours a day, so there is an overlap of trading time between the two places:

Contact
Name
Contract
Specification
Single-Pen Minimum
Transaction Volume
Single-Stroke Maximum
Trading Volume
Mean Point
Difference
Maximum
Lever
AUDUSD 100000 100000 lots 30 lots 19 1000:1
USDJPY 100000 100000 lots 30 lots 19 1000:1
EURUSD 100000 100000 lots 30 lots 17 1000:1
GBPUSD 100000 100000 lots 30 lots 19 1000:1
NZDUSD 100000 100000 lots 30 lots 24 1000:1
USDCAD 100000 100000 lots 30 lots 27 1000:1
USDCHF 100000 100000 lots 30 lots 23 1000:1
AUDJPY 100000 100000 lots 30 lots 27 1000:1
AUDNZD 100000 100000 lots 30 lots 34 1000:1
CADJPY 100000 100000 lots 30 lots 28 1000:1
EURAUD 100000 100000 lots 30 lots 29 1000:1
EURCHF 100000 100000 lots 30 lots 29 1000:1
EURGBP 100000 100000 lots 30 lots 25 1000:1
EURJPY 100000 100000 lots 30 lots 25 1000:1
GBPAUD 100000 100000 lots 30 lots 39 1000:1
GBPCHF 100000 100000 lots 30 lots 25 1000:1
GBPJPY 100000 100000 lots 30 lots 29 1000:1
GBPJPY 100000 100000 lots 30 lots 29 1000:1
AUDCAD 100000 100000 lots 30 lots 31 1000:1
NZDJPY 100000 100000 lots 30 lots 29 1000:1