DOWNLOAD FOREX TRADING CHART AND OPENING HOURS CLOCK FOR HOLIDAYS, CHRISTMAS: GMT, EST, TODAY
Forex Market Hours can be defined as that time that the participants in the forex markets have the open opportunity to buy, sell, exchange, analyze and speculate on world currencies. It will interest you to know that the World forex market is open 24 hours a day, five days a week, however just for the fact that you can trade in the market at any particular time in the day does not necessarily mean that that is the best time to trade.
To be successful in the forex market as a trader, you will have to understand the times and the best moment to trade as the market is being dominated by some currencies, which you as a trader, will have to follow and understand their trends. It is best advisable to trade at the moment that those currencies are most active and when the market activity is high.
WORLD MARKET HOUR MONITOR TIPS FOR INDIA, UK, DUBAI, PAKISTAN, JAPAN, NEW ZEALAND, OANDA, DUBAI, SINGAPORE ETC
As you have been made to understand that your trading should be focused at a period that the market activities are high due to the concentration of trading from the three largest forex markets centers, which are :
• The London Stock Exchange
• The New York Stock Exchange
• The Tokyo Stock Exchange
Most market activities are at their optimum when these 3 markets are open. So you will be advised to follow the time of these countries, which might differ from that in your resident country depending on your time zone relative to theirs. It will even interest you to know that the best trading hours you can ever get from the Forex Markets is when 2, or even the 3 of the centres are trading at the same time. At this moment, you are guaranteed to get the optimum results if your trading speculations and analysis are to go by the actual trend.
BEST TIME TO TRADE
There is a best time to trade at every forex market in the world. Forex is a trade that has people from all over the world participating and with the advent of Information Technology in the present era, it has had more participants per country, hence the more concentration of people on the Forex market.
The best time to ply your trade, or let’s say the best hour to do so is the 1st Hour after the major markets open. This is very important and most of the times indicate how the session might eventually develop.
At the times when the Forex marketing “Trading Hours” begin to overlap, i.e when different trading centers are trading concurrently, there seems to be an increment in liquidity just for the fact that a lot of people are participating in the FX Market at the same time.
FOREX TRADING HOURS
For you to be successful in the FX Market, you will need to understand the specific Fx Trading hours of the major players or centers across the world.
1. New York Stock Exchange opens between 8:00 am to 5:00 pm EST ( EDT )
2. Tokyo Stock Exchange open between 7:00 pm and 4:00 am EST ( EDT )
3. London Stock Exchange opens between 3:00 am and 12:00 noon EST ( EDT )
1. Chicago Stock Exchange open between 9:00 am to 6:00 pm EST ( EDT )
2. Frankfurt Stock Exchange opens between 2:00 am to 1:00 pm EST ( EDT )
3. Hong Kong Stock Exchange opens between 8:00pm and 5:00 am EST (EDT )
4. Sydney Stock Exchange opens between 6:00 pm to 3:00 am EST (EDT )
1. New York and London: 8:00 am – 12:00 noon EST ( EDT )
2. London and Tokyo: 3:00 am – 4:00 am EST ( EDT )
This actually translates to trading EUR/USD, GBP/USD currency pairs between the periods of 8:00 am and 12 noon, when the two markets are most active, will definitely give the best results. There is a very high possibility of finding the highest volumes of trade at these overlapping hours, giving the trader the best chances of making gains in the foreign currency exchange market.
ALERTNESS AND OPPORTUNITIES
It will be so important to also note that as a forex trader, you will need to be on your toes and on the alert at every moment. You will have to keep yourself abreast with every trend in every participating country. As it will be so important to note that so many factors determine the rise and fall of every currency across the world. You will need to understand about the economic forex market hours indicators published in the different countries, as these coincide with the most active moments of forex trading.