Forex Trading Hours - 24 Hours 5 Days A Week
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 does not stop its work even during the biggest holidays, because there will always be a region on Earth, which does not considered that day a holiday. The best examples are the opposing Christian and Muslim holidays. When a holiday starts in the Christian regions of the planet, you may simply concentrate your Forex trading hours on the financial centers of the Muslim countries, and vice versa. Even during the "global" holidays, currency trading usually does not just stop. For example, during the Catholic Christmas, you can still get the currency quotes from Muslim countries and other Asian countries banks.
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 are different around the globe, which makes Forex one of the most colorful and mixed markets. The currencies that are traded on the Forex market include such major currencies like: USD, Euro, Yen, Pounds, Australian and Canadian Dollars and many others.
Forex trading hours are believed to also be present for one simple reason - the employees of various institutions need some time to take care of matters. Frankly speaking, Forex traders probably also need to "relax and get some rest" every once in a while.
Some people ask, why is it that Forex trading hours fall at night in their countries? Well, the reason behind that is that when it is night in one country, it is a daytime in another country. At the time when one country "goes to sleep", financial institutions in another country are just starting to open.
Forex trading hours in the main 4 timezones
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: 8.00 to 17.00 EST
London Trading Hours: 3.00 to 12.00 (noon)
Sydney: 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. - 23310
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 does not stop its work even during the biggest holidays, because there will always be a region on Earth, which does not considered that day a holiday. The best examples are the opposing Christian and Muslim holidays. When a holiday starts in the Christian regions of the planet, you may simply concentrate your Forex trading hours on the financial centers of the Muslim countries, and vice versa. Even during the "global" holidays, currency trading usually does not just stop. For example, during the Catholic Christmas, you can still get the currency quotes from Muslim countries and other Asian countries banks.
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 are different around the globe, which makes Forex one of the most colorful and mixed markets. The currencies that are traded on the Forex market include such major currencies like: USD, Euro, Yen, Pounds, Australian and Canadian Dollars and many others.
Forex trading hours are believed to also be present for one simple reason - the employees of various institutions need some time to take care of matters. Frankly speaking, Forex traders probably also need to "relax and get some rest" every once in a while.
Some people ask, why is it that Forex trading hours fall at night in their countries? Well, the reason behind that is that when it is night in one country, it is a daytime in another country. At the time when one country "goes to sleep", financial institutions in another country are just starting to open.
Forex trading hours in the main 4 timezones
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: 8.00 to 17.00 EST
London Trading Hours: 3.00 to 12.00 (noon)
Sydney: 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. - 23310
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 Mr. Forex at
12:54 AM
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