Alert Day Forex Trading..........

World Forex Announces the Beginning of New Mentor Classes...........

Will Robots venture into commodity trading?Commodity Online A new breed of Forex robot , Forex Conquerer was launched on April 22. The company, Forex Trading System says the system has been devised by Brad Cullen, …The Forex Trading Institute Launches New Forex Training Web Portal …Emediawire The newly designed training portal launch is just one of the ways that The Forex Trading Institute is upgrading and improving their systems for delivering …Ideal World Forex, a full service foreign exchange broker, announces that it will begin conducting daily “Mentor Classes” on Forex trading techniques and methodology starting in May 2009. With the long term goal of helping to improve client’s trading skills, Ideal World Forex has implemented a unique teaching program. Starting this month, Ideal World Forex will conduct daily mentor classes designed to cover basic trading concepts, explain specific indicators/trading tools and strengthen students’ techniques while trading the Forex market.The first class is scheduled for May 4th, 2009 at 12pm Eastern Standard Time. Ideal World Forex has arranged to provide its clients an exclusive daily class session lasting for approximately one hour. Topics will range from theory and technique to covering real-time strategy, risk/money management principles and live trading examples. The emphasis of the class is to provide new traders a forum for “open source” teaching on the most important Forex issues. Students will get to see the application of core trading methods on real time situations in an effort to clarify problems, augment students’ knowledge and ultimately increase trader confidence.The classes will be daily but will also include separate one-on-one personal training as well. Once enrolled in the mentor classes, each student will also be eligible for individual training sessions. Traders will have the option of gaining important personal training on an individual basis from a highly qualified mentor/teacher in addition to the daily class sessions. Those interested in signing up for the new “Mentor Program” can contact staff at info@idealworldforex.com.This unique opportunity is part of the comprehensive Forex environment Ideal World Forex is creating for its clients..........

World Currency Market...How u could Make use of it............

Basic Tips & ideas on : World Currency Market and it's future in the Forex Trading

Trading takes place in New York, Frankfurt, London, Tokyo and Sydney at all hours. Forex trading or foreign exchange currency trading involves selling one currency to buy another. Some of the most commonly traded currency pairs are USD-CHF (US Dollar / Swiss Franc), EUR-USD (Euro / US Dollar), USD-JPY (US Dollar / Japan Yen), and GBP-USD (British Pound / US Dollar).The main Trading centers of the forex currency market are New York, London, Frankfurt, Tokyo, and Sydney. They are located in different time zones. So, this makes the forex market trade 24 hours a day.There is no central exchange or location where the trading is conducted, and most trades are executed between two interested parties who use the phone or other electronic means to communicate. The main market for forex currency trading is the inter-bank market, in which banks, insurance companies, corporations and other large institutions trade to manage the risks associated with fluctuations in foreign exchange rates.Currency Trading and the Benefits of Fx TradingCurrency trading is no longer reserved for large institutions. Anyone can learn how to trade forex, and do it from anywhere. Individuals can trade in the forex market from their homes by means of a high speed Internet connection.To be successful, it is essential to have access to up to date information about the latest changes and trends in the forex market. You can sign up to get our Forex Trade Signals via e-mail, SMS. Please see our 'Trade Forex' FAQ Page for futher details.forex tradingOur forex signals will suggest buying and selling points, along with price targets, and stop-loss levels. You can plan your trades accordingly, and can even arrange to have trades automatically executed in your account by means of our Auto Trade Service. Please do not hesitate to contact us using our contact form to request more info.Have a Trading Plan FX Trading Brokers Do!Currency trading can be a highly lucrative business but it also involves a lot of risk............

Forex Auto Trader...........

It is every man (and woman’s) dream come true to see money flowing through into their bank account day after day, and that too without lifting a finger!But does a system like that really exist?According to financial experts from all around the world, irrespective of the kind of economy we are going through, irrespective of your education, and irrespective of where you are from, the best way to make regular income across borders seems to be Forex trading. But if you look to trade on your own, the sheer amount of information you need to process and speculation you need to make will make the whole process a nightmare!To make the process easier and more fool proof, there have been numerous kinds of forex auto traders that have been made by several people. With time however, several of them have fizzled out due to a lack of vision from the makers. If you are looking to seriously trade in forex, you need to have an automatic system in place, but make sure that you have one which is capable of handling the tremendous amounts of information which need to be analyzed in order to give you accurate advice.Some of the new auto traders do just that – they crunch more than numbers – and they manage to deliver astounding results............

How to win the Forex Battle............

Every trading activity is in fact participating in a battle. Winning the battle is a matter of knowledge, skill and experience. If you miss any of those you are going to join the long line of losers. Some says that 95 to 99 percent of the traders are lining up on the loser’s side.How to win the battle in the currency market? It is easy to answer that question, based on the above approach – prepare yourself for the battle. If you treat currency market activity as a hobby you’ll ultimately lose all investments there. If you treat it as a business you still may loose everything.The correct approach is: consider each pressing of the Buy/Sell button as entering a battlefield. If you enter it without having a knowledge, skill and experience on how to win, you are destined to fail. You may have some lucky trades in the beginning, though. That, by the way, is the worst case scenario for the rookie in trading.The earlier you get your “bad” lessons, the better for your overall experience. No mater how good you consider yourself prepared, after demo trading lessons, you have no idea of the forces ruling on the real market.In fact the worst enemy you are going to face in the very beginning is not hiding behind the walls of the global currency trading centers. Your most dangerous foe is hiding deep inside of you. That enemy is so powerful that you will be amazed how quickly it will wash away all your carefully considered decision.No one has been able to evade the force of that destructive power. No one can understand or realize that force unless it has been confronted face to face. Start trading with real money and you will face it too. Fear, Greed or Hope are some of the names of that power.Fear forces you to sell near the bottom and buy near the top. Greed forces you to get out of the market prematurely. Hope will keep in the trade until you loose everything. Fear may save you but hope may wreck you completely. Greed will never make you rich.It is easy to give advice to trade without emotions and use the logic, only. How you can achieve that if you never have been there. You need to go through that turmoil, pick up your loses due to your emotional decisions and than analyze.Study all your “bad” trades, because they are the most precious gifts on the way to proficiency in trading. Growing as an experienced trader is possible only after getting your losses in the beginning. Then sit down and carefully study the lessons they brought to you.One thing traders never want to do is to admit of being wrong. The market is a constantly changing and it demands flexibility in taking decision. That implies monitoring and constantly adjusting, changing your decision and action. When your logical analyzes suggest that you are wrong – get out, quickly.Once you overcome the emotions, concentrate on developing your signature way of trading. You can start with following different advisors and system and picking from them the things you like. Demo trade and test your ideas until you find the trade system which is matching completely your personality.Now, you have to go back to emotion in a controlled way. Every time your system suggests a trade look inside you and see how you feel about this trade. You feel bad – discard it. If you feel good – keep it.Here comes the final step: Looking for the final approval sign before submitting the trade. Here is the time, where the mastership shows up. Your weapon is loaded, the target is clearly seen on the visor and the finger is on the trigger. You have to make that final exhale, get the target over the cross point and shoot it...........

Foreign Exchange...........

Foreign exchange trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (Forex or FX) is the largest financial market in the world with a daily turnover of over $2.6 trillion. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.Unlike most financial markets, the foreign exchange market has no physical location and no central exchange. The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day in Sydney, then moves to Tokyo, followed by London and then New York. The major market makers, or dealers, consist of the commercial and investment banks, the exchange traded futures, and registered futures commission merchants (FCMs) such as Forex N Trading......

Forex Trading Automation saves time....

One of the methods of forex trading is to recognize how to make best use of the forex automation facility. Trading is actually a trade of your time and your money; however, it will be better if you know how to save time while you still trade. Automating your trade provides you with the time to work on your other work rather than sitting before the computer all the day for the trade.Forex trading automation is significant in that it tends to save time. You should be sure that you are working as gainfully as possible. Forex automation is not tough to exercise and it can be greatly organize, if you understand the forex software that will be most suitable for your needs. There are many different kinds of forex trading software accessible; try out the tools and go with the one that provides with the tools that are most accessible to you.You can purchase a forex trading system software that you can install on to your personal computer or you can even make use of an internet dependent system which will work directly in the browser. Both of these systems hold various benefits therefore judge with your personal liking on which system will be workable for you to the most...........

Forex Glossary...

Ask (Offer) — price of the offer, the price you buy for.
Aussie — a Forex slang name for the Australian dollar.
Bank Rate — the percentage rate at which central bank of a country lends money to the country's commercial banks.
Bid — price of the demand, the price you sell for.
Broker — the market participating body which serves as the middleman between retail traders and larger commercial institutions.
Cable — a Forex traders slang word GBP/USD currency pair.
Carry Trade — in Forex, holding a position with a positive overnight interest return in hope of gaining profits, without closing the position, just for the central banks interest rates difference.
CFD — a Contract for Difference — special trading instrument that allows financial speculation on stocks, commodities and other instruments without actually buying.
Commission — broker commissions for operation handling.
CPI — consumer price index the statistical measure of inflation based upon changes of prices of a specified set of goods.
EA (Expert Advisor) — an automated script which is used by the trading platform software to manage positions and orders automatically without (or with little) manual control.
ECN Broker — a type of Forex brokerage firm that provide its clients direct access to other Forex market participants. ECN brokers don't discourage scalping, don't trade against the client, don't charge spread (low spread is defined by current market prices) but charge commissions for every order.
ECB (European Central Bank) — the main regulatory body of the European Union financial system.
Fed (Federal Reserve) — the main regulatory body of the United States of America financial system, which division — FOMC (Federal Open Market Committee) — regulates, among other things, federal interest rates.
Fibonacci Retracements — the levels with a high probability of trend break or bounce, calculated as the 23.6%, 32.8%, 50% and 61.8% of the trend range.
Flat (Square) — neutral state when all your positions are closed.
Fundamental Analysis — the analysis based only on news, economic indicators and global events.
GDP (Gross Domestic Product) — is a measure of the national income and output for the country's economy; it's one of the most important Forex indicators.
GTC (Good Till Cancelled) — order to buy or sell of a currency with a fixed price or worse. The order is alive (good) until execution or cancellation.
Hedging — maintaining a market position which secures the existing open positions in the opposite direction.
Jobber — a slang word for a trader which is aimed toward fast but small and short-term profit from an intra-day trading. Jobber rarely leaves open positions overnight.
Kiwi — a Forex slang name for the New Zealand currency — New Zealand dollar.
Leading Indicators — a composite index (year 1992 = 100%) of ten most important macroeconomic indicators that predicts future (6-9 months) economic activity.
Limit Order — order for a broker to buy the lot for fixed or lesser price or sell the lot for fixed or better price. Such price is called limit price.
Liquidity — the measure of markets which describes relationship between the trading volume and the price change.
Long — the position which is in a Buy direction. In Forex, the primary currency when bought is long and another is short.
Loss — the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.
Lot — definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).
Margin — money, the investor needs to keep at broker account to execute trades. It supplies the possible losses which may occur in margin trading.
Margin Account — account which is used to hold investor's deposited money for FOREX trading.
Margin Call — demand of a broker to deposit more margin money to the margin account when the amount in it falls below certain minimum.
Market Order — order to buy or sell a lot for a current market price.
Market Price — the current price for which the currency is traded for on the market.
Momentum — the measure of the currency's ability to move in the given direction.
Moving Average (MA) — one of the most basic technical indicators. It shows the average rate calculated over a series of time periods. Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc. are just the ways of weighing the rates and the periods.
Offer (Ask) — price of the offer, the price you buy for.
Open Position (Trade) — position on buying (long) or selling (short) for a currency pair.
Order — order for a broker to buy or sell the currency with a certain rate.
Pivot Point — the primary support/resistance point calculated basing on the previous trend's High, Low and Close prices.
Pip (Point) — the last digit in the rate (e.g. for EUR/USD 1 point = 0.0001).
Profit (Gain) — positive amount of money gained for closing the position.
Principal Value — the initial amount of money of the invested.
Realized Profit/Loss — gain/loss for already closed positions.
Resistance — price level for which the intensive selling can lead to price increasing (up-trend).
Scalping — a style of trading notable by many positions that are opened for extremely small and short-term profits.
Settled (Closed) Position — closed positions for which all needed transactions has been made.
Slippage — execution of order for a price different than expected (ordered), main reasons for slippage are — "fast" market, low liquidity and low broker's ability to execute orders.
Spread — difference between ask and bid prices for a currency pair.
Standard Lot — 100,000 units of the base currency of the currency pair, which you are buying or selling.
Stop-Limit Order — order to sell or buy a lot for a certain price or worse.
Stop-Loss Order — order to sell or buy a lot when the market reaches certain price. It is used to avoid extra losses when market moves in the opposite direction. Usually is a combination of stop-order and limit-order..............

Forex For Dummies..........

If you've already read the "What is Forex?" section then you should know what Forex market is and what it is all about. If not, please, do it. There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:
Forex Fundamental Analysis
Forex Technical Analysis
Money Management
Forex Trading Psychology
Forex Brokerage
Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.....

Why Trade the FOREX?.........

My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a lesson that I took seriously after taking a beating in the stock market in 2000.
So now, let's compare features of currency trading to those of stock and commodity trading.
Liquidity — The Forex market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.
Trading Times — The Forex market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.
Leverage — Depending on your Forex account size, your leverage may be 100:1, although there are Forex brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the Forex market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.
Trading costs — Transaction costs in the Forex market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.
Minimum investment — You can open a Forex trading account for as little as $300.00. It took $5,000 for me to open my futures trading account.

Is FAP Turbo Any Different to Forex Auto Pilot System...........

There has been a lot of confusion about the differences between forex autopilot system and FAP turbo. Are they the same product – or completely different? I guess you could say that FAP turbo systemis in a sense the sequel to forex autopilot system – a new and improved version. But there are also some pretty fundamental differences which you should be aware of. I am hoping this article will help you decide whether it is the best choice for you.Why Create FAP Turbo?FAP Turbo was created by 3 Graduate IT Students by the name of Steve, Ulrich and Mike. They were challenged to pull forex auto pilot system apart and make improvements. I think this story is a little far fetched personally – would he really handover his hard earned secrets to 3 graduate IT students. The bottom line is that with any currency trading product the product creator is in it for the money – you need to decide on whether there is true value in the product.What Were The Failings Of Forex AutoPilotAll in all forex autopilot was more effective in the hands of an experienced trader. You really needed to be able to toggle the stop/loss setting – and to understand how to do this effectively. Furthermore there were quite a few complaints surrounding the customer support and issuing of refunds. A major flaw of FAPS was that it was marketed heavily towards inexperienced traders – who were never going to have the knowledge required to get the most out of it.What Are The Positivies Of FAP Turbo?To continue my FAP Turbo Review – Where to begin? Firstly they have built a proprietary stop/loss system which almost ensures you don’t lose significant amounts of your profits. 

5 emas Forex Trading System Review..........

 

How would you like to combine the power of trading the trend for huge gains, and when the trend starts to reverse, you get out and jump on for the ride to the other side?If you like trading with technical indicators and understand the power of trading the trend, then you’ll enjoy owning the 5 EMAs Forex Trading System.The 5 EMAs Forex Trading System is a trend trading system that allows you to take advantage of the Forex Markets tendency to trend for extended periods of time.“How to turn $1,000 into $1,000,000 in 24 months” Some traders using this system have reported amazing streaks of up to 30 winning trades in a row (I’ve included the testimonials below). From a trading system standpoint, that’s pretty amazing.Fig.1: 5emas Forex Trading System Performance5EMAs_Forex_Trading_System_PerformanceAnd depending upon the exit strategy selected, the system generates monthly returns of between 30% and 55%.Trading Advisor IncludedIncluded (for free) with the 5 EMAs Forex Trading System is an Expert Advisor for the mt4 forex trading platform. It doesn’t auto-trade for you, but what it does is to generate audible alerts when trade entry criteria have been (or are about to be) met. You have to do next is to confirm the trade with the rules and principles taught in the course, and then place your trade.Fig. 2: USDCHF Trade using the 5EMAs Forex Trading System5EMAs_Forex_Trading_System_USDCHF_TradeOnce you get an alert, simply confirm the set-up is valid and place your trade. While auto-trading is great, most of the time manually confirmed trading systems have the advantage of having the human eye gauge the current market sentiment for the final “Go Ahead” on a trade. This is something that a computer program can’t replace, especially if you have trading experience.Click Here To Find Out More about the 5EMAs Forex Trading SystemNot just Entries and ExitsTogether with an amazingly accurate system to catch trends, the money management system allows you to steadily and consistently grow your Forex trading account. You know that money management is a crucial aspect of being a successful trader. And when a powerful forex trading system is combined together with a solid money management strategy, you really have a powerful combination.Fig. 3: Trading System Statistics5EMAs_Forex_Trading_System_StatisticsAnd that’s probably a major reason why Adam Burgoyne and Oleg A. But say:“You can turn $1,000 into $1,000,000 in 24 months.”What the 5emas Forex Trading System Covers:This Forex Trading Course shares with you how you can build Millions in the Forex Markets, and it covers the basics of trading in the Forex market as well as explaining in detail how to use the amazing system developed by them.Follow, in detail, the author’s 5 EMAs FOREX trading system that will allow you to identify both entry and exit points with incredible accuracy.Money Management techniques, developed especially for this system, will allow to you to earn millions on FOREX.Benefits of the system:There’s nothing really fancy you need to trade this system. That’s because it uses the most common technical indicators which are available on almost every trading software package:* Trend Lines (Support & Resistance)* Moving Averages* MACD* Stochastics* Williams’ Percentage Range* RSI Find out more about the 5emas Forex Trading SystemHere are some of the testimonials given by traders using the system:Traders using the system have up to 27 winning trades in a row and who are also working full time.

Forex Auto Trading: An Escort to Achieve Millionaire Grade........

There is no place in the world like Forex trading market to accomplish success in spawning oodles of money. The Foreign Exchange trading, popularly known as Forex, deals with purchase and sell of foreign currencies and thus, holds unleashed potential equivalent to share trading.Businessman Going upHow does it WorkForex trading is driven by the fluctuating forces existing in the currency market. These forces are capable of playing with the prices of currencies from different countries. Thus, there is a constant revision of the worth possessed by each currency.* Investment in Forex trading is made by converting one currency into another during its deceased value phase on the run.* When the prices of new currency climb new heights, the investor has the options to convert it back to the original form or alter it into other another currency.Thus, keeping in mind the fact that nothing remains constant in this universe, one can expect to earn high yields on Forex trading investments. The prospective investors in this market must learn existing trends in Forex trading before making serious investments.Essence of Forex Auto TradingForex auto trading is the latest buzz in the investment market. There are a number of automated software tools, which are taking the Forex investment market by storm. One of the most accepted and appreciated Forex auto trading software is Forex Auto Pilot, popularly known as FAPS.So, why does an investor need to look upon at these efficient software systems for Forex trading?* First of all, these systems work beyond the capabilities of humans in exploring the high and low phases of Forex trade market. Thus, these tools are helpful in employing extensive research for your investment to flourish.* These tools are capable of keeping the knowledge of each world currency in its database and utilizing this information to bring desired profits for the investors

Auto Forex Trading Software....

If you have looked into the Forex trading market at all, you may be pretty overwhelmed at the amount of knowledge that appears to be required in order to make intelligent and profitable Forex trades on a consistent basis.frustrated with forexIn truth, there is not a Forex trader in the world who does not make an occasional losing trade. It is just not realistically possible to have a 100% batting average when it comes to making each and every trade profitable. The successful Forex trader needs to realize this, accept this, and not become mentally attached or emotionally involved with any particular trade that "should" have been profitable. Doing so only serves to detract the Forex trader from doing his or her REAL job, which is watching for that next successful Forex trading opportunity, making many more successful trades than unsuccessful trades, and not worrying about the one that "should have been there".forex hindsightThere are two keys to being successful in the very lucrative Forex trading market:forex keys1. Taking ACTION. Being successful in Forex trading is not going to be handed to you on a silver platter. It just does not work that way, and I think you've been around the block enough times to understand that. If you have been investigating a lucrative business, full or part time, in Forex trading, thinking about it is not going to get you there; it takes ACTION.Sitting around and thinking about taking action doesn't count. Just DO IT.forex action image2. That ACTION is in making intelligent and informed decisions about what to trade, how to trade, when to trade, and how much to trade.Sounds pretty simple, doesn't it?forex easy simpleTo be successful in Forex trading, whether you are the financial heavy-hitter with hundreds of thousands of dollars to invest, or whether you want to test the market with a minimal investment before you jump in with both feet, you want to know that it will work.Who wouldn't? But what if....forex what ifWhat if you could utilize technology and software in a system that would work tirelessly 24 hours a day, 7 days a week, and produce results like:* Turning $370 into $7,300 within 60 days.* Turning $2,500 into $8,700 within 45 days.* Turning $10,000 into $31,400 within 90 days.What if there was?What if you found out about it and did not take action to turn that into reality for you?Would financial returns like those cause you to sit up and take notice? If not, you may want to check your wrist to see if you still have a pulse....

Find a trading system which like...

Collective2 monitors, tracks, and evaluates over 9,116 trading strategies. Each trading strategy is run by an independent "vendor." A vendor might by a Ph.D. student at M.I.T. or a computer scientist in Moscow.

Sifting through thousands of possible trading strategies can be a daunting task. That's why Collective2 provides a set of powerful free tools to help you find the trading systems that are right for you.

You might, for example, use our "System Finder" to slice and dice various systems:

Or perhaps you prefer numbers to pictures, and feel more comfortable with "The Grid"...

Or you might want to know what other C2 users are trading, using our My Analyst page (like a MySpace page for traders!)...

Forex..

FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.
Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.
In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.
Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.
Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.