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.
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 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 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 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 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
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: 03.00 to 12.00 (noon) EST
Sydney Trading Hours: 17.00 to 02.00
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. - 23196
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 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 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 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 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
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: 03.00 to 12.00 (noon) EST
Sydney Trading Hours: 17.00 to 02.00
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. - 23196
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 @ 2:22 AM
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