‘Money doesn’t count!’ - The Friar

Think that counting money is done the same way all over the world, well think again, counting money is done very differently depending on where you are. This video shows how counting money is done in Japan, Korea, China and Singapore, then in Afghanistan,Iran,India, Tajikistan and the Middle East, then in Russia, Mongolia, Poland and Eastern Europe, then in Turkmenistan, Kazakistan, Pakistan, and parts of Turkey, then in Saudi Arabia, Iraq, Kuwait and Egypt, then in Africa, then in America, Canada and England.

Interesting differences in the counting styles of the different countries, who would of known that there are hugh cultural differences in money counting!

Forex is truly a 24 hour market, straight true from Monday morning in Wellington, New Zealand to Friday evening in New York, the market rolls through the week non-stop.

So essentially we have the market opens on Monday morning (12am GMT) in Wellington, New Zealand, which is the first financial centre after the international dateline, (this is early Sunday afternoon in the USA). Wellington is followed closely by Sydney, Australia. An hour later at (1am GMT) the regions biggest centre, Tokyo opens, followed by Hong Kong and Singapore. This area accounts for approximately 21 percent of the total daily activity.

Europe opens at 7am GMT, which is halfway through the Asian trading day. London opens an hour later at 8am GMT, this is when the market gets into full swing, accounting for 50 percent of the day’s trading activity. Europe and London are positioned in a timely geographical location, which allows them overlaps in half the day of Asia’s trading session and half the day with the US trading session.

New York comes online at 1pm GMT with the final hours of Forex trading conducted on the West coast at between 9-11 pm GMT. The North America trading session accounts for approximately 22 percont of the overall daily FX volume trading.