Why is the foreign exchange market traded 24 hours a day?

There are more than 30 participating countries or markets in the foreign exchange market

The most participating countries or markets are London, New York, Tokyo, Singapore, Hong Kong, Sydney, etc.

Due to the time zone of opening and closing of the market in each place is different

Due to the global time difference, the closing time of one market is the same as the opening time of another market, which will make foreign exchange transactions synchronized across regions, thus forming the characteristics of a full-day transaction!