Classification Features of the FOREX Market

The FOREX market can be classified by its different features:

By the type of operations:

There is a World Market of conversion operations (consisting, for example, of conversion markets like US Dollar/Japanese Yen or US Dollar/Canadian Dollar, and so on).

By the territorial feature:

The International Currency Market (FOREX) is a system of markets associated with the assistance of modern technologies.

The most significant ones would be the Asiatic (Tokyo, Singapore, Hong Kong), European (London, Frankfurt on Maine, Zurich) and American (New York, Chicago, Los Angeles) markets.

It’s also possible to indicate national currency markets (i.e. Russian currency market) with a wide complex of currency operations.

Due to the location of world regional markets in different time zones it’s correct to say that the International Currency Market works around the clock.

It begins in the Far East, New Zealand (Wellington), passing time zones in Sidney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt on Maine, London and finishes the day in New York and Los Angeles.