There are fixed opening and closing prices for the forex market each day.
Question
There are fixed opening and closing prices for the forex market each day.
Solution
This statement is not entirely accurate. Unlike the stock market, the forex market operates 24 hours a day from 5 p.m. EST on Sunday until 4 p.m. EST on Friday. Because it is open around the clock, it doesn't have a traditional "opening" or "closing" price each day. Instead, the opening price for a particular trading session is the same as the closing price of the previous session. The forex market's continuous operation is due to the global nature of the market, with different financial centers (like Sydney, Tokyo, London, and New York) opening and closing at different times.
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