$$ Earn Money : FOREX 3

WHAT IS A SPOT MARKET?

A spot market is any market that deals in the current price of a financial instrument.

WHICH CURRENCIES ARE TRADED?

Any currency backed by an existing nation can be traded at the larger brokers. The most popular currencies along with their symbols are show below:

Symbol	Country	Currency
USD	United States	Dollar
EUR	Euro members	Euro
JPY	Japan	Yen
GBP	Great Britain	Pound
CHF	Switzerland	Franc
CAD	Canada	Dollar
AUD	Australia	Dollar

Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.

WHEN CAN CURRENCIES BE TRADED?

The spot FX market is unique to any other market in the world. It’s like a Super Wal-Mart where the market is open 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend.

The foreign exchange markets follows the sun around the world, so you can trade late at night if you’re a vampire or in the morning if you’re an early bird. Keep in the mind though, the early bird doesn’t necessarily get the worm in this market. You might get the worm but a bigger nastier falcon can sneak up and eat you too.

Time Zone	New York	GMT
Tokyo Open	7:00 pm	0:00
Tokyo Close	4:00 am	9:00
London Open	3:00 am	8:00
London Close	12:00 pm	17:00
New York Open	8:00 am	13:00
New York Close	5:00 pm	22:00