The foreign exchange market (or Forex market, spot market, or FX) is a currency exchange market.
When you trade the Forex market, you are simultaneously buying one currency and selling another. Currencies are
traded through a broker or dealer and are traded as a pairing. An example of these pairings are: the Euro Dollar and
the US Dollar [EUR/USD], the US Dollar and the Japanese Yen [USD/JPY], and the British pound and US Dollar
[GBP/USD].
Some of the most popular currencies are the US Dollar, the Euro Dollar, the Japanese Yen, the British Pound, the
Swiss Franc, the Canadian Dollar, the Australian Dollar and the New Zealand Dollar.
These currencies can be traded 24 hours a day. But there are optimum times to trade depending on where you live.
For example, in the U.S., the time from 8:00am EST to 12:00pm EST, there are two major markets open: New York and
London. If you are a night owl in the U.S., then the two markets you want to look at are Tokyo and London, from
2:00am EST to 4:00am EST.

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