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The Forex market, otherwise known as the foreign exchange market, is a decentralized global market that allows for the trading of various currencies around the world. It is a highly lucrative market that is active 24 hours a day, seven days a week. The market sets the foreign exchange rate, and it is vital to exchange currencies to execute foreign trades and carry out international business transactions. 

For instance, let's say a US citizen travels to another country and wishes to make a purchase. In that case, the individual will need to buy the currency of that country using their US dollars. Similarly, in trading foreign currency, one buys one currency and sells the other, or vice versa.

The Forex market is dominated by central banks, commercial banks, institutional investors, hedge fund operators, financial investors, and individuals who all compete for a share of the market's enormous trading volume. In April 2019 alone, the market's trading volume averaged $6.6 trillion per day, making it one of the largest financial markets globally.

The primary trading center for Forex is located in the United Kingdom, particularly in London. London accounts for a staggering 43.1% of the total trading volume, making it the most critical center for foreign exchange trading worldwide. The United States accounts for 16.5%, while Singapore and Hong Kong account for 7.6% and Japan for 4.5%, respectively. These percentages represent the top ten trading centers in 2019.

Rank|                           Name|                                               Market share


 1                  United States JP Morgan                                           9.81 %

 2                 Germany Deutsche Bank                                            8.41 %

 3                 United States Citi                                                          7.87 %

 4                 United Kingdom XTX Markets                                  7.22 %

 5                 Switzerland UBS                                                          6.63 %

 6               United States State Street Corporation                   5.50 %

 7                 United States HCTech                                                 5.28 %

 8                 United Kingdom HSBC                                              4.93 %

 9              United States Bank of America Merrill Lynch       4.63%


10               United States Goldman Sachs                                   4.50 %


It is important to keep in mind the Daylight Savings Time in the US, UK, and Australia.

The US Daylight Savings Time ends on November 1st at 2 am, while the UK Daylight Savings Time ends on October 25th at 2 am.

On the other hand, the Australia Daylight Savings Time starts on October 4th at 2 am.

Forex Trading is available 24 hours a day, starting from 5:00 pm ET on Sunday through 5:00 pm ET on Friday, including most U.S. holidays. However, it is worth noting that illiquid market conditions, which can lead to false moves, may occur at the opening of the trading week. This can result in wider spreads for some currency pairs based on market liquidity. To avoid such risks, it is recommended to trade on Tuesdays, Wednesdays, Thursdays, and some Fridays, if there is a setup.

Spot gold and silver trading is available 23 hours a day, starting from 6 pm ET on Sunday through 5 pm ET on Friday. However, trading is closed from 5 pm to 6 pm ET daily. It is important to note that spot gold and silver trading also follows Chicago Mercantile Exchange holiday closures.

Lastly, please keep in mind that market hours and holidays are subject to change. On holiday dates, there may be periods of limited liquidity in some markets, so please take this into consideration when planning your trades.

Who Is FIB? (ForeXiZBae)
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The Forex market, otherwise known as the foreign exchange market, is a decentralized globa

So, if you're interested in forex trading, buckle your seatbelt, and let's go!  Making money from anywhere in the world can be the best feeling while relaxing on an Island. While forex trading can be a profitable investment opportunity, it's also important to understand that it comes with significant risks. That's why FIB offers a learning platform with videos and homework assignments to help you develop your trading skills and knowledge.

To succeed in forex trading, it's crucial to understand and manage the risks involved. The market can be volatile and unpredictable, especially US30, so it's important to have a solid understanding before starting to trade.

You should also focus on learning about the pair you plan to trade and avoid trading multiple pairs simultaneously, especially if you're new to trading. FIB can help you gain the knowledge you need to succeed and apply that knowledge to your trading strategy. 

To manage your risks effectively, learning about the impact of economic and political factors on currency values and developing a well-defined trading plan is essential. Before investing real money, practice with a demo account and study consistently to improve your skills. FIB provides all the necessary information and videos to learn, take notes, backtest, paper trade, and repeat until you feel confident. 

At FIB, we believe in keeping trading simple and avoiding unrealistic expectations. We don't offer signals or promises, but we provide you with all the tools and knowledge you need to succeed. Winning in forex trading requires hard work and dedication, and it's up to you to put in the effort. If you're serious about trading, sign up for a week, ask questions, and come back for more. Check out our FIB books to get your journal and stay accountable. We're excited to see you at the top!

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