What time does the forex market close on friday

What time does the forex market close on friday

Please forward this error screen to 67. GMT what time does the forex market close on friday EST hours for trading Forex Forex market welcomes traders 24 hours a day. This market determines the foreign exchange rate. The main participants in this market are the larger international banks.

Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions, and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as «dealers», who are involved in large quantities of foreign exchange trading. The foreign exchange market assists international trade and investments by enabling currency conversion. In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.