Forex Trading Hours - When To Trade?
Forex trading hours are important for anyone who plans to trade currencies at the Forex exchange market. The Forex market operates twenty four hours a day, five days a week, except for national holidays. Forex trading hours differ due to that various major financial institutions operate in different hours in different time zones.
There are 4 main time zones with different Forex trading hours: USA, Europe, Asia and Australia. For example, Forex opens in Tokyo on Sunday at 23.00 GMT. Tokyo is where the Forex trading week starts. The trading week closes in Chicago at 10 PM on Friday.
Forex market is open at the time of major holidays just as well. However, of course, it's not open in the country where the holiday is celebrated. For example, at the time of a major Christian holiday you can still get foreign currency quotes from the banks of Asian and Muslim countries, and the other way around. Thus, if you feel like trading, you will not have to wait for the holiday to pass in your country; you would just trade with others. It never happens that one holiday would happen in all of the countries all over the world at the same time.
One of the least suitable days for Forex trading is the weekends. This is due to that it is often hard to find a counterpart for your transaction, since the volume of both - sellers and buyers - is much less on the weekends. Novice Forex traders should try to only trade within the Forex trading hours on the weekdays.
Forex is an international currency exchange. This market is continuously working, just like a hive, with zillions of transactions, selling and buying different currencies - Euro, US Dollars, Pounds, Yens, Canadian Dollars and Australian Dollars. You will be able to freely trade on the Forex market within the Forex trading hours.
Why were Forex trading hours established? Why cant the market be open 24/7 without holidays? Forex trading hours are also needed for employees to carry out certain necessary operations to maintain order at the market, as well as for the traders to simply get some "rest".
The residents of different countries can be surprised that Forex trading hours start and end deep at night in their countries, however you should realize that the foreign exchange market works in different time zones, and thus while in some country Forex might seem to work "at night", in other countries Forex trading hours match regular working hours.
Forex trading hours in the main 4 timezones
As mentioned above, Forex market is open 24 hours a day, five days a week (with inactive trading during weekends), so you can participate in the trade virtually day and night. Below are the Forex trading hours, according to the Eastern Time Zone for the four major financial centers:
Tokyo, Trading Hours: 19.00 to 04.00 EST
New York Trading Hours: 08.00 to 17.00
London: 03.00 to 12.00 (noon) EST
Sydney, Trading Hours: 17.00 to 02.00 EST
Forex trading hours are important for the best trading results. Forex market will become somewhat different depending on the Forex trading hours that you will choose for your trades. - 23223
There are 4 main time zones with different Forex trading hours: USA, Europe, Asia and Australia. For example, Forex opens in Tokyo on Sunday at 23.00 GMT. Tokyo is where the Forex trading week starts. The trading week closes in Chicago at 10 PM on Friday.
Forex market is open at the time of major holidays just as well. However, of course, it's not open in the country where the holiday is celebrated. For example, at the time of a major Christian holiday you can still get foreign currency quotes from the banks of Asian and Muslim countries, and the other way around. Thus, if you feel like trading, you will not have to wait for the holiday to pass in your country; you would just trade with others. It never happens that one holiday would happen in all of the countries all over the world at the same time.
One of the least suitable days for Forex trading is the weekends. This is due to that it is often hard to find a counterpart for your transaction, since the volume of both - sellers and buyers - is much less on the weekends. Novice Forex traders should try to only trade within the Forex trading hours on the weekdays.
Forex is an international currency exchange. This market is continuously working, just like a hive, with zillions of transactions, selling and buying different currencies - Euro, US Dollars, Pounds, Yens, Canadian Dollars and Australian Dollars. You will be able to freely trade on the Forex market within the Forex trading hours.
Why were Forex trading hours established? Why cant the market be open 24/7 without holidays? Forex trading hours are also needed for employees to carry out certain necessary operations to maintain order at the market, as well as for the traders to simply get some "rest".
The residents of different countries can be surprised that Forex trading hours start and end deep at night in their countries, however you should realize that the foreign exchange market works in different time zones, and thus while in some country Forex might seem to work "at night", in other countries Forex trading hours match regular working hours.
Forex trading hours in the main 4 timezones
As mentioned above, Forex market is open 24 hours a day, five days a week (with inactive trading during weekends), so you can participate in the trade virtually day and night. Below are the Forex trading hours, according to the Eastern Time Zone for the four major financial centers:
Tokyo, Trading Hours: 19.00 to 04.00 EST
New York Trading Hours: 08.00 to 17.00
London: 03.00 to 12.00 (noon) EST
Sydney, Trading Hours: 17.00 to 02.00 EST
Forex trading hours are important for the best trading results. Forex market will become somewhat different depending on the Forex trading hours that you will choose for your trades. - 23223
About the Author:
About the author: Steve Maenshel can help you take advantage of the forex trading hours. For more forex trading information, visit his forex resource center.
posted by X - Men @ 3:13 AM
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