4x currency trading markets can be classified in numerous ways. One of the ways of general market classification is based on the principle of trading:

• exchange
• off-exchange

Exchange markets contain separate exchanges. Each exchange is an institution aimed to simplify trading by typical contracting. Specific pequliarity of every exchange is the trading instruments specialization. E.g., New-York Merсаntile Exchange’s transactions are based on oil, gas, platinum and palladium. The New-York exchange operates as well Coffee, Sugar & Cocoa Exchange transactions. London International Petroleum Exchange operates transactions with gas-oil, furnace oil and alike.

Each exchange has a complicated structure with branches of specialized services like: operation zone, headquarters of broker companies, registration bureau, information service etc. Exchange trading is carried out only in special time – so-called sessions.

Off-exchange markets cover all kinds of transactions operated off the exchange zone. Overwhelming majority of the transactions is covered by interbank currency market. Interbank is a global player that is operating all around the clock. Though, the interbank work is as well has the sessions. The matter is that Japanese markets are the first to start trading. After – the Europe joins. The trading day is completed by the Americans.

Historically, all the conversional operations that deal with currencies are known to be Foreign Exchange Market (Foreign exchange trade) or FOREX. Therefore foreign exchange forex is in the most educational programs the basics for understanding all market transactions and sections. Only after an individual understands the principles of foreign exchange currency trading it’s worth to go ahead with the futures and options – exchange instruments.