regulates the futures market. Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. Below are tables of the open and close times for each session: Spring/Summer in the.S.
The foreign exchange market is the "place" where currencies are. When people refer to the forex market, they usually are referring to the spot market. The exchange acts as a counterpart to the trader, providing clearance and settlement.
You enjoy: Award-Winning Customer Service: Get 24/5 service when you need it, wherever you are. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based. Notice how some currency pairs have much larger pip movements than others. August Is the Worst Summer Month. BUT you will have a very difficult time trying to make money when the market doesnt move at all.