Lesson 4 – What is an over-the-counter market?

Lesson 4: What is an over-the-counter market?

The forex market does not have a physical location nor a central exchange.

The entire forex market is run electronically within a network of banks and brokerages that deal directly with each other.

The forex over-the counter market is open 24 hours a day, five days a week globally.

A central exchange like the New York Stock Exchange is only open Monday through Friday from 9:30 am to 4:00 pm EST.

Most new day traders still have a job or business that they have to take care of during normal business hours. 

That is why day trading forex is so popular because you can choose a time to day trade that works for you instead of the other way around.

In conclusion, the forex market is an over-the-counter market or OTC and is run electronically within a network of banks and brokers that deal directly with each other globally 24 hours a day, five days a week.


CURRICULUM

Lesson 4:

What is an over the counter market?


Move to Step 2:

Forex Coaching with Try Day Trading


Move to Step 3:

Day trade our money at Try Day Trading