Forex Explained

Correction: 00:52 A market day starts at 4 p.m. Central Time and ends at 4 p.m. Central Time the following day. At Schwab, forex trading hours are 23 hours a day, opening at 5 p.m. Central Time, and closing at 4 p.m. Central Time, and closed on Saturdays.

Every day, trillions of dollars are traded on the forex market, which influences other asset classes. To get a big picture of the global economy, learn more about how currencies are bought and sold on the largest financial market in the world.