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.
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 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.
Probably, the only uncomfortable time for your trades is weekends. Even though you can trade on the weekends, the volume of the transactions will be so thin, that you may risk not being able to find a counterpart for your transaction.
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 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
New York, Trading Hours: 08.00 to 17.00 EST
London Trading Hours: 3.00 to 12.00 (noon)
Sydney Trading Hours: 17.00 to 02.00
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. - 23218
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 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.
Probably, the only uncomfortable time for your trades is weekends. Even though you can trade on the weekends, the volume of the transactions will be so thin, that you may risk not being able to find a counterpart for your transaction.
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 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
New York, Trading Hours: 08.00 to 17.00 EST
London Trading Hours: 3.00 to 12.00 (noon)
Sydney Trading Hours: 17.00 to 02.00
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. - 23218
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 X - Men @ 1:15 AM
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