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The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency.
For a trade with a time to expiry of v days, the expiry date is the day v days ahead of the horizon date (unless it is a weekend or 1 January, in which case the date is rolled forward to a weekday) and for a trade with time to expiry of x weeks, the expiry date is the day 7x days ahead of the horizon date (with the same conditions as above).
In floating exchange rate regimes, exchange rates are determined in the foreign exchange market, [6] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends (i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday).
Stock market holidays are non-weekend business days when the two major U.S. stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed for the day. These days often closely ...
In addition to stock and bond market information, the nightly financial news usually offers information about the currency exchange rate between the U.S. dollar and various foreign currencies ...
Forex trading is fairly simple in concept, but that doesn’t mean you’ll make money trading currencies. If you’re just starting out, make sure to tread carefully and understand the trades you ...
The holidays where the stock exchange is closed are New Year's Day, Martin Luther King Jr. Day, Presidents' Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day; there are also some holidays where trading is permitted, including Columbus Day, Veterans Day, and New Year's Eve.
In foreign exchange trading (FX), a rollover is the action taking place at end of day, where all open positions with value date equals SPOT, will be rolled over to the next business day. [1]