Forex Trading Hours - When To Trade?
Forex trading hours are the hours of the opening and closing of the largest market in the world - the foreign exchange market. Forex trading hours overlap each other in various countries around the globe, and one can say that Forex is always open. However, in reality it is not completely so. Forex market is indeed always open, but not everywhere at the same time. As well as, some trading hours are better for trades than others. Forex opening and closing hours depend on the opening and the closing hours of the main financial institutions of various countries.
Experts identify four major time zones, whose Forex trading hours substantially differ: Australia, Asia, Europe and America. Forex trading hours in Tokyo begin at 23:00 GMT on Sunday. This starts the weekly trading session. The weekly trading session closes on Friday at 10 pm in Chicago.
Forex actually works even at the time of major holidays, because different countries celebrate different holidays on different dates, and many of these holidays do not even overlap. For example: Hindu and Jewish holidays, Muslim and Christian holidays etc. When a holiday starts in one part of the world, another part of the world is "available for trading". In the time of the holidays in one country, you can still get quotes from the banks of another country etc.
Probably, the only uncomfortable time for your trades is weekends. Even though you can trade on the weekends, the volume of the transactions will be so thin, that you may risk not being able to find a counterpart for your transaction.
Forex trading hours vary all over the world, making Forex market a colorful mixture of countries and currencies, including US Dollars, Canadian Dollars, Australian Dollars, Euro, Yens, Pounds etc. Thus you will be able to trade with any currency at the foreign exchange market.
Forex trading hours were established in order to give employees time for Forex transactions, which is not achievable at the time of active trades, as well as probably to give traders some time to "rest and relax".
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
New York Trading Hours: 08.00 to 17.00
London, Trading Hours: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
A trader should get familiar with Forex trading hours, since Forex trading hours are often important to know, in order to gain reliable profits in transactions, rather than getting stuck in thin trades. - 23167
Experts identify four major time zones, whose Forex trading hours substantially differ: Australia, Asia, Europe and America. Forex trading hours in Tokyo begin at 23:00 GMT on Sunday. This starts the weekly trading session. The weekly trading session closes on Friday at 10 pm in Chicago.
Forex actually works even at the time of major holidays, because different countries celebrate different holidays on different dates, and many of these holidays do not even overlap. For example: Hindu and Jewish holidays, Muslim and Christian holidays etc. When a holiday starts in one part of the world, another part of the world is "available for trading". In the time of the holidays in one country, you can still get quotes from the banks of another country etc.
Probably, the only uncomfortable time for your trades is weekends. Even though you can trade on the weekends, the volume of the transactions will be so thin, that you may risk not being able to find a counterpart for your transaction.
Forex trading hours vary all over the world, making Forex market a colorful mixture of countries and currencies, including US Dollars, Canadian Dollars, Australian Dollars, Euro, Yens, Pounds etc. Thus you will be able to trade with any currency at the foreign exchange market.
Forex trading hours were established in order to give employees time for Forex transactions, which is not achievable at the time of active trades, as well as probably to give traders some time to "rest and relax".
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
New York Trading Hours: 08.00 to 17.00
London, Trading Hours: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
A trader should get familiar with Forex trading hours, since Forex trading hours are often important to know, in order to gain reliable profits in transactions, rather than getting stuck in thin trades. - 23167
About the Author:
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 @ 1:54 AM
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