Forex is a market that never sleeps and remains active around the clock for all 5 working days of the week. With a huge number of transactions taking place every day it stands as the most active financial market in the world. The forex market undergoes a total trade volume of $5.3 trillion a day. A market as big as this is not just centered in one country but operates around the globe. This is the reason that it never stops nor can afford to stop or be stagnant even for a moment. The market technically works 5 days a week, but the fact that different markets of the world are located in different regions and time zones, makes it work almost 24 hours every day of the week. Therefore, a trader that aims at strengthening his position in the currency business, has to remain vigilant of each move the market takes.
So, in order to study the dynamics of forex trading in a more positive manner, we split the volume of trade per day into the span of a minute. There is a trade of $3.5 billion even in the time frame of 60 seconds in forex trading.
Moreover, as Forex trading is all about making speculations and guesstimates, the reason to emphasize the need for splitting the day’s trade into 1 minute is to provide traders the information they need. The crew at PacForex has gathered and collected all the information of what happens in the forex market in 60 seconds into an infographic.