The Currency Market, also known as the Forex Market is a global, financial market for trading currencies. It is the most heavily traded international market, with over $4 trillion in daily volume. Forex prices are determined by various factors, ranging from international trade or investment flows to economic or political conditions. Foreign exchange is a margined product, which means that you are only required to invest a small percentage of the full value of your position to place a forex trade. This means that the potential for profit, or loss, from an initial capital outlay is significantly higher than in traditional trading.
Popular currencies include major pairs like EUR/USD, USD/JPY and GBP/USD. Take a look at the chart for a detailed list of currencies.
Major Forex Market Hours:
Forex Category |
GMT |
Daylight Saving Time(DST) |
| Main Symbols | Sun-Fri: 10pm -10pm | Sun-Fri: 9pm – 9pm |
| USD/RUB | Mon-Fri: 8am – 4pm | Mon-Fri: 7am – 3pm |
| EUR/RUB | Mon-Fri: 8am – 4pm | Mon-Fri: 7am – 3pm |
| NOK/DKK | Mon-Fri: 6am – 9pm | Mon-Fri: 5am – 8pm |
| NOK/SEK | Mon-Fri: 6am – 9pm | Mon-Fri: 5am – 8pm |
| USD/CZK | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| EUR/CZK | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| USD/TRY | Mon-Fri: 7am – 6pm | Mon-Fri: 6am – 5pm |
| EUR/TRY | Mon-Fri: 7am – 6pm | Mon-Fri: 6am – 5pm |
| USD/ZAR | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| EUR/ZAR | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| USD/HUF | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| EUR/HUF | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| USD/PLN | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |
| EUR/PLN | Mon-Fri: 8am – 7pm | Mon-Fri: 7am – 6pm |