Four Major Trading Currencies
Forex Market Hours: You can exchange money 24 / 7?
A narrow strip of forex market Monday morning in Sydney, Australia yesterday late in New York. During this time, the market is open somewhere around the world at any time of day or night.
However, there is a market 24 / 7, because it is on weekends is closed. 24 / 5 would be more accurate.
If you need to know the exact moment when the markets open and close, you have to take into account time zones. It's very simple, if given in UTC. This is Coordinated Universal Time, formerly known as Greenwich Mean Time. This is the default (Winter) time in Greenwich, London, The zero point of longitude on the globe.
Thus, the normal trading hours forex UTC Sunday 22.00 to 22.00 UTC Friday. This clock is 10 in the UK during the winter.
New York is 5 hours behind the UK, so that the global forex market opens and closes in 0500 clock Sunday / Friday in New York, 14.00 clock on the west coast U.S., 11 in Germany watch, clock 08:00 Monday / Saturday in Sydney.
Things are a little tricky when you try to start the summer to account for daylight savings. That makes a difference in hours when it occurs in countries. But the time Summer is working in a different way from Southern Hemisphere countries like Australia, summers are Set-sea, instead of from March to September.
The hours of opening national markets, many are:
Sydney: 22:00 to 07:00 clock
Tokyo: 12-9 UTC clock
London: 08:00 to 17:00 clock
New York: 01:00 bis 10.00 clock
Or we can express that in EST (U.S. Eastern Time):
Sydney: 17:00 bis 02:00 EST Watch
Tokyo: from 19:00 to 04:00 EST Watch
London: 03:00 ET to 12 clock
New York: 08:00 bis 05:00 clock Clock EST
You can see that they correspond to a 24-hour coverage.
However, this does not necessarily mean that it is trade in all these times to be good. Shortly after opening an important market, prices are very volatile and unpredictable. Many merchants are out of the Forex Market stay for up to one hour four times a day when financial markets have raised in these cities.
The U.S. dollar is the most actively traded currency by a long way involved in 2.5 times as many stores as its nearest rival, the euro. This means that events in the U.S. a greater impact on financial markets as countries in other events. The New York market, tends to slow clock to 03:00 local time (20:00 UTC clock) and if you are involved in pair U.S. dollar, it can be a good time to stop trading for the day.
So theoretically, you can trade 24 hours a day from Sunday afternoon to Friday. Automated Forex Software in the form of a robot that can even physically possible. However, a prudent entrepreneur to choose the time and is not active at all hours of the forex market.
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