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.
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.
Small volume of traded currencies (often referred to as thin) also occurs at the Forex market on the weekends, but the weekends spent trading at the Forex market, may not result in anything profitable, since it is very difficult to find a good contractor on the weekends, and it's even harder to find a good price.
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.
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".
Some countries actually get the Forex trading hours falling particularly in the time of the late evening and night. However, in other countries Forex trading hours perfectly fit within the regular business day.
Forex trading hours
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: 19.00 to 04.00 EST
New York, Trading Hours: 08.00 to 17.00 EST
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. - 23305
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.
Small volume of traded currencies (often referred to as thin) also occurs at the Forex market on the weekends, but the weekends spent trading at the Forex market, may not result in anything profitable, since it is very difficult to find a good contractor on the weekends, and it's even harder to find a good price.
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.
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".
Some countries actually get the Forex trading hours falling particularly in the time of the late evening and night. However, in other countries Forex trading hours perfectly fit within the regular business day.
Forex trading hours
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: 19.00 to 04.00 EST
New York, Trading Hours: 08.00 to 17.00 EST
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. - 23305
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 Mr. Forex at
4:47 AM
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