Forex Trading Hours - They Are Not The Same!
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.
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 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 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
Forex trading hours of various countries overlap one another, together totaling 24 hours each day for 5 days in the row. Thinner trades are also carried out on the weekends. Please take a look at the 4 main time-zones of the Forex trading hours (EST):
Tokyo, Trading Hours: 19.00 to 04.00 EST
New York: 8.00 to 17.00 EST
London, Trading Hours: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
Forex trading hours are also an important part of a trading strategy, since the trades will differ depending on the Forex trading hours, which you choose to trade at. - 23200
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 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 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
Forex trading hours of various countries overlap one another, together totaling 24 hours each day for 5 days in the row. Thinner trades are also carried out on the weekends. Please take a look at the 4 main time-zones of the Forex trading hours (EST):
Tokyo, Trading Hours: 19.00 to 04.00 EST
New York: 8.00 to 17.00 EST
London, Trading Hours: 03.00 to 12.00 (noon) EST
Sydney: 17.00 to 02.00 EST
Forex trading hours are also an important part of a trading strategy, since the trades will differ depending on the Forex trading hours, which you choose to trade at. - 23200
About the Author:
About the author: Steve Maenshel can help you understand forex trading hours. For more forex trading information, visit his forex resource center.
posted by X - Men @ 1:54 AM
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