Forex
The Forex market is open 24 hours a day, 5.5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London, and the United States, the market remains open and liquid throughout the day and overnight. As a trader, this allows you to react to favorable/unfavorable news by trading immediately.
It also gives traders the added flexibility of determining
their trading day.
Forex Basics
A futures contract is an obligation to buy or sell a commodity at or before a given date in the future, at a price agreed upon today.
How FX Trading Works
In this market, you may buy or sell currencies. The objective is to earn a profit from your position.
Understanding FX Quotes
Reading a foreign exchange quote may seem a bit confusing at first. However, it's really quite simple if you remember two things:
Converting Futures to Forex
Of the 6 currency pairs listed (majors), there are three that are easy to convert.