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The foreign exchange market is the market in which the currencies of different countries are exchanged for one another. The foreign exchange market is made up of thousands of people all over the world – importers and exporters, banks and specialists in the buying and selling of foreign exchange called foreign exchange brokers.
The foreign exchange market opens on Monday morning in Tokyo when it is still midnight on Sunday in London. As the day advances the foreign exchange market also opens in Zurich, Frankfurt, London, New York and finally in Vancouver and Los Angeles.
Before these last two markets have closed, Tokyo is open again for the next day of business.
Foreign Exchange Brokers
The Market
Banks
The Foreign Exchange Market