When do the forex markets open
Forex market is open around the clock, five days a week. Such work does not stop because when one large foreign exchange market closes, another opens and this cycle is repeated. Only on Saturday and Sunday throughout the world markets do not work and traders rest.
How does the trading time on the Forex currency market according to UTC (universal coordinated time) look like? Trading begins at 21:00 in Sydney, then at 23:00, the Tokyo exchange opens, after which the exchange in Singapore opens at 01:00. The European session begins at 7:00 am with the opening of trading in London, the Exchange in Sydney does not work, 12:30 opens New York Stock Exchange, and when it closes, reopens Exchange in Sydney.
Thus, a forex exchange operation cycle allows central banks, brokers and traders around the world and on every continent, to trade and to make deals on the internet 24 hours a day.
Trading in precious metals starts one hour later, but it works the same clock as the currency market Forex.
Trade indices available during certain exchanges. The trading session begins and ends within one day. For example, the Dow Jones index available for trading each day, Monday through Friday, from 7:00 to 21:00 on UTC. In this open deal is not closed and transferred to the next trading day.
Cryptocurrency Trading schedule
Cryptocurrency trading is available around the clock every day.
Binary Options Trading Schedule
Trading Binary Options is available around the clock on the same schedule as the Forex market, five days a week from Monday to Friday..
Market activity time
Although the forex market is open around the clock, you need to know at what time they are most active, for maximum profit. The greater the activity of the market, the more earning opportunities it provides to the trader.
For example, at the opening of trading in Tokyo, the maximum profit can be derived from trading the currency pair USDJPY, at the opening of trading in London more suitable for trading currency pairs are GBPUSD, EURUSD and USDJPY. During the start of trading on the New York Stock Exchange, becoming active in the Dow Jones and the SP500, Oil and Gold, as well as the currency pair EURUSD.
Therefore, when choosing a trading strategy, use the most active time for making deals.
News release time
Particular attention should be paid to the time of publication of official economic news and the announcement of government reports. At this time, the market is particularly active, and the price can dramatically change their quotes, and change its direction. This gives more opportunities in currency speculation and other assets, but sometimes the execution of orders takes place at different prices, different from those that you expected.
Government publish the exact time of the announcement of news and economic indicators, so you should pay attention to this, special attention because in this period the market will be particularly active.
There are different trading strategies on the news. You can use these periods of activity to change prices to maximize profits, or vice versa, suspend your trading during this period.
Regardless of one trading strategy that you choose, should be considered in trading, the possible price changes during economic news announcements and their impact on the already open and new positions.
According to statistics, for intraday traders, the most productive and profitable period to trade is the period from the opening of trading in London from 7:00 UTC and closing of US stock exchanges at 20:59 UTC. The peak activity of market participants accounted for first two hours of the start of the work of European stock exchanges from 7:30 to 9:30 UTC, and at the time of simultaneous operation of the US and European markets, from 12:30 to 15:30 UTC. During this time performed many trades, observed maximum volume of deals, price fluctuations and market trends gain maximum acceleration.
You can also use the trading activity of one hour of the exchanges in Asia with 0:30 to 1:30 UTC, which often set the trend for the European and American markets, but they are inferior in activity and volume of deals.
Trading by phone
If you do not have an Internet connection, but you want to use all the market functions and fix profit on already open orders, then in such cases you can use the company's service and close orders by phone.
Closing orders by phone is available for clients with a VIP account on business days from 7:00 to UTC until 16:00 UTC.
To process orders over the phone, you must provide the operator with your name, phone trade password and account number and order number.
The order is closed only at the market price. Please note that from the time of the order to the time of closing the order, some time passes, during which market prices may change.
To ensure the safety of client funds, a prerequisite for placing orders by phone is the client's authorization with a password for the phone, which the client specifies in his profile on the trading terminal. In case of refusal of authorization or incorrect password, trading orders will not be executed.
Attention! To avoid disputes, the phone call with the details of the order will be recorded.