Forex: What's that?

It is the largest financial market in the world, with a volume of over $3 Trillion a day.
it's liquid and very liquid. Compare with NYSE which trades around $28 billion a day, what a big different.

Forex do not have central market place, the trade is between interbank, this is call interbank market.

The banks trade directly among themselves through a network of dealing stations. Banks will conduct their buying and selling by placing their buy orders and sell orders in the electronic broking system.

The buying & selling of currency continues 24 hours a day from Monday to Friday.

In a week, starting from Monday, the market will open with Australia, move to Asia, start from Tokyo, Hong Kong, and Malaysia. When Europe comes in, and New York will join in also, and when New York officially closes at 5pm, it is the end of a day in foreign exchange. This cycle will continuous till Friday evening New York time at 5pm.

If we want to convert it to Malaysia, that will be start at 6am Monday till 6am of Saturday Morning.
When there is daylight saving in Europe & USA(starts March & end of October), it will start at 5am.