In contrast to other money markets around the world the forex rate or FX market has no central location as such. 

Because it’s a truly global market place in currency, the Forex is not centralized on one exchange. In contrast to stock markets where the main protagonists often come face to face, Forex trading is conducted by buyers and sellers either across an electronic network such as the internet or sometimes over the telephone. 

Each day trading commences in Sydney , Australia and flows around the globe in step with each of the main financial centers starting their normal business day. As the Australians get their first hour of trading over, the Japanese are just kicking in before London joins the action and then finally New York . 

The global 24 hour five days a week nature of the Forex market means however that it is swiftly susceptible to change. Investors, unlike their counterparts in other financial marketplaces, can react round the clock in near real time to the currency value movements caused by economic,currency trading news, social or political events. 

It’s this trait that feeds the strong swings in currency values that hallmark the Forex market: a breeze in Australia can be a gale force wind by the time it hits New York . The forex rate market, then, is no place for the unwary. Even seasoned Forex traders are known to get caught out on occasion when the market shifts unexpectedly, leaving them with losses. 

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