Is Forex Trading a 24/7 Game?

Forex trading begins in financial hub of Australia – Sydney on Monday morning through Friday afternoon in the US West Coast. Someone around the globe is busy in forex trading at any given hour.

This would actually fit in weekdays only as the market stays closed on weekends. So possibly the suitable term would be 24/5 instead of 24/7.

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If you seek to know the correct times that the markets open and close, you have to take time zones into consideration. By using UTC, it becomes an undemanding procedure.

This is Universal Coordinated Time, erewhile referred as Greenwich Mean Time. This is the standard (winter) time in Greenwich, London which is the locus of zero longitude on the sphere of earth.

In these terms, the acknowledged operating hours of the forex market would be from Sunday 22:00 UTC to Friday, 22:00 UTC. In UK wintertime it will be 10 pm.

Considering 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 last but not the least 8 am Monday and 8 am Saturday in Australia, Sydney to be exact.

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In short, the major national forex markets have the the below mentioned hours:

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

Instead we can connote that in EST (Eastern US time):

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

It’s clear here that markets do function 24 hours a day in a global sense.

However, this does not consequently mean that trading will be good at all of these instances. When a big market sets out in its morning, price movement is quite unreliable and wayward.

A considerable number of traders premeditatively refrain from avoid trading from 1 to 4 hours daily during the 4 opening times of major league bourses.

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Thus in theory, trading can be effected from Sunday to Friday, 24 hours routinely. It even becomes justifiable physically by way of trading software that utilize robots.

Regardless of this, accomplished traders will assent to select optimal times and not persist on executing transactions in the forex market during the whole time that it is in operation.

Note: FX trading is risky, may end up in material losses, and is not suited for everybody.

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