Ingenious 24

Forex trading begins in New Zealand on Monday morning until Friday afternoon in the US West Coast. All day and night everywhere on the globe, forex is traded.

This would actually fit in weekdays only as the market stays closed on weekends. 24/5 would be more accurate.

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You will need to understand time zones though in order to determine exactly when the global markets will open and close. It is very lucid when conveyed in UTC.

This is Universal Coordinated Time, erstwhile referred as Greenwich Mean Time. It is the actual winter time at zero longitude on the globe and that being Greenwich, London.

So, the usual foreign exchange market hours are 22.00 Sunday UTC to 22.00 Friday UTC. In UK wintertime its 10 pm.

Following that New York time is 5 hours behind UK time, the forex market globally would open and close at Sunday 5 pm and Friday 5 pm in New York, 2 pm at the west coast of the US, 11 pm at Germany and lastly 8 am Monday and 8 am Saturday in Australia, Sydney to be exact.

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Expressly, here are the hours of substantial global markets:

Sydney: 10 pm to 7 am UTC Tokyo: 12 midnight to 9 am UTC London: 8 am to 5 pm UTC New York: 1 pm to 10 pm UTC

Contrarily, in Eastern US time or EST:

Sydney: 5 pm to 2 am EST Tokyo: 7 pm to 4 am EST London: 3 am to 12 noon EST New York: 8 am to 5 pm EST

From the given facts it can be seen that the markets are in a way open 24 hours globally.

However, this does not consequently mean that trading will be good at all of these instances. Just after a leading market opens, the prices can be very volatile and variable.

Many traders will remain out of the currency market for up to an hour four times a day when the financial markets are getting up in these major cities.

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Thus in theory, trading can be actualized from Sunday to Friday, 24 hours every day. Automated software in the style of a forex robot can even make this physically conceivable.

In spite of this, knowledgeable traders will assent to select optimal times and not persist on originating transactions in the forex market during the whole time that it is working.

Notice: Foreign Exchange trading is high-risk, may end up in considerable losses, and is not suitable for everyone.

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