Disliked...
In regard to forex market open/close times for each country ...
An example ... we consider Tokyo to open at 12 am GMT. Is this really a market opening in Japan at 12 am GMT? ...Ignored
think of FX market hours as "country business hours":
example, Japan's "country business hours" starts at 12am/00.00GMT
QuoteDislikedCan the banks trade forex outside their banking business hours?
Dont forget, too, that a UK bank or broker, for example, often has a branch in other countries.
QuoteDislikedIt confuses me because clearly the forex market is closed over the weekend. How is this regulated ... like who turns off the switch and then back on again?
First thing on Monday, when only NZ banks are open, how is it that I can trade EUR/USD with my broker who is in the UK?
each broker gets liquidity from a bank/entity.
Must read Sir Darkstar's Structure of forex brokers. particularly post #3.
another reference, from babypips
QuoteDislikedOr is it just that the banks are closed after New York Friday finishes and first bank to open is NZ on Monday morning (NZ time ie New York Sunday afternoon)?
FX market is unregulated & the "switch (like u mentioned) or ""snowball" starts with NZ, then Australia, then so on.
Hope this helps