Why work in the currency market ?
On exchange exchanges, a limited period of work is done every day, where the stock exchange opens in the morning and closes in the evening.
For example, if you want to trade US stocks, you can only buy and sell when the New York Stock Exchange opens at 9am (EST) to 4pm at the same time. This means that you are restricted at this time to monitor the market, which requires full-time, and this applies to all other stock exchanges, each according to the timing of the state affiliated to it.
If you work in an Arab country and you want to trade shares on the New York Stock Exchange, you are restricted to work between 4 pm and 11 pm, which corresponds to the timing of opening the New York Stock Exchange for most Arab countries. Such a difference in working hours causes many problems and difficulties in the long term.
On the exchange of currencies and because there is no specific central place, and because operations are carried out by computer networks, the work on the exchange does not stop the currency 24 hours .. The last two days a week (Saturday and Sunday) .. !!
Banks and financial institutions are open in Japan at 12 am GMT (8 am Japan time), buying and selling begins, and Japan’s institutions are closed only at 9 am (5 pm Japan time).
But the work will not stop because once the Japanese and Asian institutions are shut down and the most important ones are in Tokyo, Hong Kong and Singapore so that the European institutions and the most important ones in London, Frankfurt and Paris have opened their doors. , And as American institutions close their doors until institutions start in Australia and New Zealand in circulation, and before closing the last doors are Japanese institutions have begun a new day at work .. !!
Thus and depending on the timing of each state it will be for you to deal continuously for 24 hours. Except on Saturday and Sunday .. because it is a holiday in all countries.
When American institutions close on Friday at about 10 pm GMT it will be Saturday morning in Australia and New Zealand which is a holiday as you know, so work stops until Sunday evening at 10 pm GMT, where it will be Monday morning in Australia and New Zealand to return the ball for the following week days Behind the day. In each country and according to its timing to the end of the following week .. And so on. Of course you will not deal with all these institutions in all these countries separately, but will deal with the brokerage company, which will link you in turn with all other institutions across the world.
What we are interested to know here is that currency trading continues 24 hours a day. This gives you the opportunity to choose the time that suits you best without fear of “coming late”. The currency market can not come too late, Because opportunities are many and round the clock.
When you want to sell a stock you must find a buyer for it, and when you want to sell a commodity there must be someone who wants to buy from you.
In some circumstances, when the news of what causes a sharp drop in stocks is made, all those who own shares like you would like to sell too, so the supply of shares becomes much more than demand. This causes a huge fall in the price of the stock and with extraordinary speed. In selling your shares at an appropriate price. You may even have to sell your shares at a great loss when you do not find anyone who wants to buy them. This is called liquidity ie the ability to convert their holdings of securities into money. This also applies to commodity commodities in the context of important economic and political changes.
In the currency market, the size of this market, as we mentioned the largest market in the world, you are always able to sell your currencies at the time you see fit and you will always find those who buy from you before it is too late and this advantage reduces the risk that may face in other financial markets.
Market Justice and Transparency Fair and Transparency
The currency market is considered the fairest market in the world .. !! Why ?
Because it is a very huge market, a limited category or entity can not easily influence it.
For example, if you compare it to the stock market, if you own shares in a company, once a simple statement from one of the officials of this company can affect the share price that is owned down or up.