Forex Trading Hours - When To Trade?
Forex trading hours are the hours when the foreign currency exchange market is open. Even though it may seem that Forex market is always open (it's true in a way), some hours are better for trades, while other hours may actually do more harm than good. Forex trading hours are 24 hours a day, 5 days a week, except for the national holidays. Forex trading hours vary from country to country, according to the hours when main financial institutions of that particular country start and end their business day.
Basically, there are four major zones with various Forex trading hours: Europe, USA, Australia and Asia. Forex opens in Tokyo at 23.00 GMT on Sunday and then in 5 days it closes on Friday at 10 PM in Chicago, thus ending the so-called Forex trading week.
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.
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 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".
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.
Four main time-zones of Forex trading hours around the globe:
Forex trading hours overlap and make up 24 hours of every day, 5 days a week. Trades are also carried out on the weekends. However they are much less active. Below you can take a look at the Forex trading hours in the 4 major time zones, in accordance with Eastern Standard Time:
Tokyo, Trading Hours: 19.00 to 04.00 EST
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. - 23210
Basically, there are four major zones with various Forex trading hours: Europe, USA, Australia and Asia. Forex opens in Tokyo at 23.00 GMT on Sunday and then in 5 days it closes on Friday at 10 PM in Chicago, thus ending the so-called Forex trading week.
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.
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 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".
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.
Four main time-zones of Forex trading hours around the globe:
Forex trading hours overlap and make up 24 hours of every day, 5 days a week. Trades are also carried out on the weekends. However they are much less active. Below you can take a look at the Forex trading hours in the 4 major time zones, in accordance with Eastern Standard Time:
Tokyo, Trading Hours: 19.00 to 04.00 EST
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. - 23210
About the Author:
Author Steve Maenshel can help you understand forex trading hours. For more forex trading information, visit his forex resource center.
posted by X - Men @ 11:30 AM
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