Forex Game Nation

It is important to grasp the forex trading times if you’re going to start trading currency on the currency market as a hobby or a way of making some additional money. When you trade currency, you are not restricted to business hours as you would be with the stock market. Forex is a worldwide market so it crosses many alternative time-zones. But is it actually open for trading 24/7?

The answer to that’s no. The currency market is open 24 hours a day, but only 5 days a week. But sometimes it is open 24 hours Monday thru friday. In truth in several parts of the planet, foreign exchange trading times begin on sunday evening or earlier. This is as the 1st markets to open are in Australia and New Zealand, which are before most other bits of the globe. At 8 am Monday in Sydney it is 10 pm Sun in London, five pm sunday in NY and two pm sunday in los angeles. Those times may change a little due to seasonal hour adjustments in the different states but for most of the people it suggests that if you need to start trading Sun night, you can. Before that, it’s what is known as the Asian session which might be an excellent time to be online if you are trading a cross pair whose markets are both open eg the Aussie dollar and the yen, or otherwise there’s less taking place. Some systems are based around a quiet market but for most newbs it’s miles better to start to trade at busier times when you are more likely to get the prices that you see.

This indicates that the best foreign exchange trading times for noobs are when the London and New York markets are open, and particularly in the overlap of those times. Remember, we are not restricted to trading our own states currency, so a trader in NY might be dealing in EUR/GBP or simply about any other pair.

At the other end of the week the situation repeats, with the Sydney market closing first, when it still is Thursday in numerous other time zones. So currency trading times run 24 hours a day from five pm sunday to four pm Fri EST.