Where is Forex located?
There is no central location for the foreign exchange market, often referred to as the forex (FX) market. Transactions in the foreign exchange market take place in many different forms, 24 hours a day, through different channels all over the globe, and wherever one currency is exchanged for another.
Forex market doesn't have a physical location used for trading like other financial markets. Forex is the one financial market that never sleeps, meaning you can trade at all hours of the day (or night). Unlike the world's stock exchanges, which are located in physical trading rooms like the New York Stock Exchange or the London Stock Exchange, the Forex market is known as an 'Over-the-counter market' (or OTC). This means that the trades take place directly between the parties holding the currencies, rather than being managed via an exchange.
The Forex market has never been restricted to the business hours of any one exchange. Since the Forex market is global, it means there is always a part of the world that is awake and conducting business, and during these hours, their currencies tend to experience the most movement.
One of the most significant advantages of Forex trading is that it is one of the most developed financial markets in terms of technology. While many markets are accessible via old-fashioned trading platforms, there is constant competition in terms of the software available Forex.
Forex can be traded from anywhere in the world — and all you need is an internet connection.