The forex day trading market is open 24 hours a day because it is the most sought after market. The fact that the currencies are also of an international scope make them highly traded. Forex day trading markets are opened from 5:00 pm. (EST) Sunday through 4:00 p.m. (EST) Friday.
Forex day trading markets are open because of international trade and banks. Trading occurs throughout the world on a continual basis. Since trade requires currency it is important that the forex markets remain open. Central banks rely on currency and have since 1971 when fixed currency markets ended. This is yet another reason forex day trading markets are open 24 hours a day.
Another reason for 24 hours of trading opportunities on the forex markets is the economy. A country’s economy is always changing due to inflation and global events. These events can cause economies to fluctuate and banks can counter these through forex day trading. By keeping currencies relative to the currencies of other world markets, this helps stabilise the economy.
The 24 hour a day market on forex day trading allows traders a great deal of flexibility in trading currency and the forex markets may also give information about other financial instruments.