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It's not owned by anyone in particular. Forex is an Interbank market, meaning that it's transactions are conducted only between two participants - seller and the buyer. So as long as existing banking system will exist, Forex will be here. It's not connected to any specific country or government organization.

The Forex market has a huge advantage over the other investment markets - it's open 24 hours a day, six days a week. Whereas the commodities and stock market operates five days a week (Monday through Friday) during normal business hours, the Forex market continues its activity around the clock. If you want to trade at 2:00 am EST Monday morning, feel free to place your trade. If you would like to invest at 9:00 pm Thursday night when you have the time to concentrate on the market, simply place your trade on one of the many online Forex trading systems. However, even though the market is considered a 24-hour market, it's important to know when the market is actually active and when is the best time to place a trade on the market.

Actual operating hours

Even though the Forex market is open 24 hours a day, each financial center (i.e. New York, London, Frankfort, Tokyo, and Australia) has its own operating hours, which are usually from 8:00 am - 4:00 pm, local time. That means if it's 8:00 am (Tokyo time) on Monday morning, the Tokyo market will be open for trading even though it's 10:00 pm EST, on Sunday night. You could therefore take advantage of trading on the Forex market late Sunday night from your New York apartment.

Overlapping of hours

With so many financial centers around the globe, you will have times when two or more markets overlap. For instance, the New York and London markets overlap from 8:00 am to 12:00 pm EST, while the London and Tokyo markets overlap from 3:00 am to 4:00 am EST. The Sydney and Tokyo markets also overlap from 7:00 pm - 2:00 am EST. These overlapping periods are the best time to trade since volume (liquidity) is at it's greatest.

Other good times to trade

Besides the overlapping periods, it's best to trade at the following times:

• During the middle of the week (shows most movement)
• During trading hours of the three largest markets - London, New York, and Tokyo.

Times to avoid

It's best to avoid the following times/days:

• Sundays (limited volume)
• Fridays (unpredictable)
• Holidays (limited volume)
• Release of economic reports (volatility)
• 4:00 pm - 6:00 pm EST (low market volume).

by Harman Gilly

Online Forex trading system platforms provide investors the chance ot invest in the largest investment market around.

Source:

http://www.earnforex.com/articles/forex_market_trading_hours.php

The trend is your friend - Trading with the trend is easier and you can expect nice returns in few hours. To maximize ROI (return on investment), trade with trend. Trading against the trend won’t necessarily mean losses but it will definitely require closer attention, sharp skills and nerves of steel.

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