Base 1: Forex
The word Forex comes from the contraction of the words exchange.
It is also called currency market or foreign exchange market.
5000 billion transactions are made daily.
The buying and selling transactions are from one currency to another.
Transactions are done in several ways:
Banks make money transactions with each other.
You are a foreign bank.
On the Forex, you make transactions from one legacy to another.
The Forex market is open 24 hours a day, 7 days a week.
It is only accessible from Sunday evening to Friday evening.
Several sessions take turns without interruption 24 hours a day.
The main sessions are Sydney, Tokyo, London and New York.
Sunday evening opening hours and Friday night closing times vary according to daylight saving time and normal time.
Here are the 4 sessions and their overlaps over 24 hours:
Source: Forex Market Hours
The week begins with the opening of the Sydney session, then opens in Tokyo, London and then New York. This pattern is repeated until the closing of the New York session on Friday evening.