Answer
Forex trading, short for foreign exchange trading, involves the buying and selling of the many currencies of the world. It does not operate via a central exchange site, like traditional stock market trading, and may, thus, fully function a 24-hour basis.
When compared to other exchanges, the trading market is the largest in the world, even beating the New York Stock Exchange (NYSE) by over a hundredfold, in terms of daily trading volume, most of which are conducted by private entities and individuals.
Because of the absence of a central exchange, trading happens between two parties directly. Buyers and sellers communicate and trade via the phone, the Internet or other communications networks worldwide.
In addition, trading forex is also speculative, meaning, they are based on expectations on whether a certain currency would rise or fall, depending on current market conditions. It is risky business, but the returns have often proved themselves worth the risk.

During what hours is FOREX open? Are there off-hours trading?

Very good info. I still need to the times. Closes about 5pm EST Friday... Opens.... 5pm Sunday? ...but I thought I remembered someone saying 24/6... still, I def remember people saying their services are avail 24/5...
it's 5pm EST and they just went back online. There's my answer - they're down from 5mp EST Friday to 5pm EST Sunday. omg I'll have weekends in my new career... when i get there...

Answer
Forex market is open 24 hours a day. It provides a great opportunity for traders to trade any time of the day or at night. However, although it seems to be not very important at the beginning, the right time to trade is one of the most crucial points to be successful in trading at the forex market.
So, when should one consider trading and why?

The best time to trade is when the market is the most active and therefore has the biggest volume of trades. More active currency moves will create a good chance to catch the trade and make some profit. A calm, slow market is literally wasting of time â turn off your computer and don't even bother!

Forex trading hours, trading time:

New York opens 8:00 am to 5:00 pm EST
Tokyo opens 7:00 pm to 4:00 am EST
Sydney opens 5:00 pm to 2:00 am EST
London opens 3:00 am to 12:00 am EST

And so, there are hours when two sessions are overlapped:

New York and London â 8:00 am â 12:00 am EST
Sydney / Tokyo â 7:00 pm â 2:00 am EST
London /Tokyo â 3:00 am â 4:00am EST

For example, trading EUR/USD, USD/GPB currency pairs would give good results between 8:00 am and 12:00 am EST when two markets for those currencies are active.

At those overlapping trading hours you'll find the highest volume of trades and therefore more chances to win in the foreign currency exchange market.

I am in my 20's and have started trading forex and want to continue doing it as a career. But, the fact that your work environment is your home (which is great in some ways btw), and you really don't interact with people is sometimes really difficult and I've heard it's the same for many other traders as well. Of course, not working from home doesn't mean you necessarily will like the people you work with or not be involved in some silly office drama that would make you wish you worked from home. It was like that for me in my previous work environment and I think it's the same for so many other people as well.
Still some days it's really difficult coping with this issue. I love the freedom of this job, that I can live anywhere, work on my own hours, be my own boss, ... the list goes on. I know every job has its positives and negatives, but if anyone with this experience could give me some tips,it would be really great.
Please only serious & genuine answers!

Answer
Hey,

I know your problem since I work from home (and trading Forex in my free time).
The way I see it you have two solutions:
1. stop working as an independent trader and start working as a trader at a firm.
2. Use a laptop and trade in public places like coffee shops.

forex trading anyone?

what do you guys think about forex trading? Is it a real business? If yes what is a reasonable return on investment per month can someone make with proper training and if he treats it as a real FULL TIME business. Experienced people are welcome to comment but please with all honesty. And how much do you think is a reasonable capital to start with

Answer
There are very few people that succeed in Forex. It can take 3-5 years to find out if you're part of the 5% that are profitable. It takes a lot of time. Late hours. Lot's of reading. Lots of time improving your skills.

On line forex trading , how profitable is it? How does it work?

Answer
Actually, most all Forex trading is accomplished online. There is no physical location like the CBOT where traders man the "pits" and actually shout out buy and sell orders.

The Forex market is the largest financial marketplace in the world with over $1.9 trillion in transactions everyday. The market is open 24 hours a day / 6 days a week. Until fairly recently the Forex market was the exclusive domain for investment bankers, institutions, corporations, world banks and big money players. Participation in the Forex market is now open to anyone, which is why you are currently hearing all the buzz about Forex.

It is quite possible to make a very good return on your investment by participating in the Forex arena....it is also quite possible to lose all your money if you do not know what you are doing. Too many people gamble their money away treating the Forex market as though it was a table in Las Vegas. They just guess which way the market will move and most often lose all their money due to lack of knowledge, fear, greed, lack of money management skills ...or all four.

Taking a conservative approach and reducing your risks with strategies such as carry trades and hedging one can make a consistent monthly rate of return far in excess of what banks pay annually. (The interesting thing is that this is where the banks place YOUR money). They love to earn 30% and pay you 5%.

May all your guesses be good ones.

Paul

What are the major forex market trading hours?

Answer
The best time to trade is when the market is the most active and therefore has the biggest volume of trades.

New York opens at 8:00 am to 5:00 pm EST
Tokyo opens at 7:00 pm to 4:00 am EST
Sydney opens at 5:00 pm to 2:00 am EST
London opens at 3:00 am to 12:00 noon EST