Does FOREX operate according to the same laws as market of shares does?
FOREX or Foreign Exchange Currency Market is International Interbank Currency Market operating according to quite other laws than market of shares does, though there is a certain dependency among them. This is the largest market in the world with its daily turnover amounting of 1.5 trillion dollars; this much exceeds the amount of daily auction at New York Stock Exchange never exceeding 26 milliards a day. The market is open for 24 hours, 5 days a week. In New Zealand and Australia the financial centers open at 7 o’clock p.m. according to New York time, and then the first intense movements at this market begin. Tokyo the largest Asian financial centre open at 8 o’clock p.m., and since this time the activity at the Asian markets quickly reaches its peak. The biggest auction amount during the hours of business of the Asian markets falls on dollar-yen currency pair, when within these hours milliards of American dollars have been sold or purchased for Japanese yens. Hong Kong, Singapore be
