However, just because you can trade the market any time of the day or night doesn't necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light. Event Planner.
Zones by Country. World Time. Time Zone Converter. Forex Market Hours. What's My Time Zone? Forex Market Hours sponsored ads:. About The Forex Time Zone Converter The foreign exchange "forex" or "FX" currency market is not traded on a regulated exchange like stocks and commodities. At this time, currency pair quotes show excellent trend movements that professional traders use to make a profit. Also, activity is observed in the options market, where, by trading on the platforms and , you can get additional profit.
The American session closes at Moscow time. Often at this time, the activity of most traders decreases, which affects the movement in the market. The Pacific trading session is one of the calmest and least volatile. This is because only Australia and New Zealand are trading at this time. In addition, many traders prefer to wait out this time in anticipation of a more volatile Asian session. The main currency traded in the Pacific session is the Australian dollar AUD, which also remains active during the Asian session on the back of commodity news.
Many novice traders are faced with the problem of determining the correct opening time for trading sessions based on their location. Most trading platforms operate with GMT time, which differs from Russian time by several hours. As you know, it is possible for twenty-four hours a day all week, which is very attractive to people who go to work.
But at the same time, not every broker or market maker is ready to work all week in a row. Most of them take a break for the weekend and close their trading platforms, which also makes it impossible for their traders to trade Forex on the weekend. But at the same time, there are those intermediaries who will give you the opportunity to conclude trade deals on the weekend.
But before you make a decision to open and close trades during the weekend, you need to weigh the pros and cons and find out why Forex trading on the weekend is dangerous. If you still decide to trade on the weekend, you can use original strategies. However, the Forexone blog does not recommend using some trading strategies like this one, because with this strategy you can only lose your money, because it is calculated for market fluctuations on weekdays.
Weekend Forex trading can be an opportunity for a trader to increase their profits or correct a losing situation in case your trading week was not successful enough. Also, the advantages of Forex trading on the weekends include the opportunity to make higher profits than during a normal trading week. Nevertheless, it is necessary to take into account the main disadvantages of such trading, which will make it clear how dangerous Forex trading is at the weekend:. If you study the dangers of weekend Forex trading and decide that its advantages are not enough to make trades on the weekend, then you better refrain from such trading.
Forex is interesting because it is an international currency market, the trading process in which goes along with the change of time zones. Opening hours are limited to five days, excluding weekends and holidays. However, the schedule largely depends on the countries, because somewhere on January 1 the exchange is closed, and somewhere the New Year is not actively celebrated.
While at one end of the world people are having their tenth dream, at the other they are already trading in stocks, securities and currency pairs. When Forex trading starts after the weekend, the clock only shows a little over midnight. At nights on Monday, deals are already starting to be made and continue to do so with rare interruptions. A beginner needs to choose the right time to work. Over time, several trading sessions open in turn, among which 3 deserve the most attention: Asia-Pacific, American and European.
Most of the participants, as you might guess, prefer deals in the American session, in which, in addition to the US, Canada and Brazil are involved. That is where the main capital is concentrated. This is due to the fact that the United States, in which trading actually originated, has the greatest influence on the modern economy. Legendary traders made their millions on Wall Street long before the Internet.
Since trading takes place all over the world and time zones differ, it is customary in Forex to count down to Greenwich Mean Time - GMT. According to him, the stock exchange in New Zealand Wellington opens at 10 pm on Sunday.
During this period, it is already 2 am in Moscow. After an hour, Sydney enters the business, and after another two to four hours, the "Asian tigers" - Tokyo, Singapore and Hong Kong - are connected. When trading on Forex begins after the weekend, the first thing to pay attention to is the Australian, New Zealand, and Japanese currency. These positions are characterized by high volatility and under certain conditions can bring good profits. However, a lot of activity in Asian trading at first is usually not observed.
But when China comes into play, the trader must be extremely focused. The euro-dollar currency pair is an important indicator, and if it has grown in price, you should expect the trend to continue before the start of the American session. The reason is that Beijing has the largest dollar reserve in the world after the US.
If he suddenly decides to get rid of the dollar, preferring the European currency, this can significantly affect quotes throughout the day. When the hands of the clock in Moscow show 8 in the morning, Frankfurt, Zurich and Paris open their doors, and an hour later the largest trading platform in Europe is London. The greatest interest for a trader during this period is, in addition to the euro, the Swiss franc and the British pound. As you know, the release of economic news has a significant impact on quotes.
Stay tuned for the latest data on the Eurozone, especially the UK, which appears around noon in Moscow. It is quite possible that this information will seriously shake up the market and change the situation on it. Toronto, New York, and then Chicago open trading in the most volatile and aggressive session - the American one.
This happens at The following currency pairs are popular here:. Already half an hour after the start, important economic news comes out and trading is sharply activated. There is a revival for at least four hours, after which a decline is observed. This is due to a break, while European exchanges stop working altogether. After 8 pm there is a calm, which can only be disturbed by a really large investor who has begun active actions.
Everyone knows that the Forex market operates around the clock, five days a week. But is his behavior always the same? Wise traders do not sit at the computer for days, but carefully select the trading time for themselves. On Tuesday and Wednesday, there is increased market activity, so these days will be the most successful for trading.
There are four Forex trading sessions. One of them finishes work, the other starts, and such a transition contributes to the round-the-clock functioning of the Forex currency market. Trading takes place at night and in the morning from 3. Its main participants are Japanese traders. Sites open in Tokyo, a little later in Hong Kong and Singapore. Should be of interest to fans of night trading.
The movement of this session is relatively calm, and is busy from about 9 am to 12 noon. But sometimes there are sharp jumps in the Japanese Yen, which is associated with events in the country and the release of news at 3 am. Therefore, novice traders should be very careful with currency pairs where the Yen is involved - they are very volatile. Most suitable for lovers of evening shopping.
It runs from Particularly aggressive trading is from to , since it is at this time that the American and European sessions coincide, and reaches its climax from to just before the closing of the London site.
It is in these moments that scalping professionals can make great money! But for beginners, such trading threatens with the loss of the deposit, so be careful! The most popular platform for those who like to work during the day. Its hours of operation are from 9 am to 6 pm. The session starts from the Frankfurt site, then Paris and London open trading.
The most energetic movement of the market in the morning from 10 to 12, and in the evening from 16 to 18 hours. European is the most volatile changeable and lively session, convenient for trading, which is why it is especially popular. However, one must be very attentive to news releases. It is very important to be able to analyze current events in order to protect your capital from losses. The quietest venues in Wellington and Sydney open from 1. Here, the Australian dollar is the most traded, and the market movement is too slow, sometimes completely absent.
This session will help the beginner gain the necessary trading experience, although night time brings some inconvenience. If you, for some reason, cannot make trades in the busiest market, then try long-term trading or trade in another session. After all, the main thing is to understand the movement of the market, to create your own strategy. To succeed, a trader needs to learn a lot, understand everything, adapt to everything.
And only deep practical experience will help to achieve the high quality of your work. Happy trading everyone! But you probably know that trading is as much about knowing when not to trade as it is about knowing when to get into a position.
The European trading session is one of the most concentrated and most volatile sessions in the forex market. During the European trading hours, market participants conduct most of their deals as the trade volumes are large.
Notably, the majority of sustainable trends in the foreign exchange market occur during the working hours of European banks and stock exchanges. Moreover, false signals are frequent in this period. At times like that, European traders monitor the market, try to find the congestion of stop orders, and spot support or resistance levels.
The beginning of the European session is relatively calm. All major price movements develop at the opening of the London Stock Exchange. During this time, volatility is the highest and major currency pairs are most actively traded. Trading reaches its peak at the start and end of the European session.
Meanwhile, afternoon trading is less intensive, as traders take a short break. Price fluctuations occur at the end of the session. Any currency pair can be traded at the European session. The European session provides an opportunity for experienced traders to generate high profit. During this time period, traders must be prepared to analyze large amounts of data and quickly determine market trends, and a substantial profit will follow.
The American session is the best time for trading as the market is most active and huge sums are involved. This particular time period captivates the attention of millions of traders around the world. The American session is very unpredictable, but it is the only time when investors can score their biggest profits.
When the American trading session comes online, traders largely focus on the release of the news that determine currency movements. The price trends that are formed during the European session can either continue or reverse during the American session. Importantly, the highest volatility is observed when the European session closes.
When night falls in one part of the world and markets go into a sleeping mode, trading starts in other parts of the globe as the sun rises. On these days, the currency market is closed. This universal time is constant and stays unchanged during winter and summer. This time standard is considered to be the most suitable for trading clocks. The time of trading sessions is calculated in accordance with UTC. American session. European session. Pacific session.
Trading sessions map. Trading Sessions and Their Characteristics Forex trading sessions differ from each other. Alternatively, you may want a unique weekend trading strategy. Below several strategies have been outlined that have been carefully designed for weekend trading. Brokers have seen the appetite to trade is growing and add markets all the time, e.
The market conditions are ideal for this weekend gap trading forex and options strategy. Gaps are simply pricing jumps. At some point something shifted the market, leading to a price jump to a higher or lower level, whilst excluding the prices in-between. Firstly, what causes the gaps? Any number of things can be the cause, from new movements to accelerated movements.
The one thing they do require though is substantial volume. Closing gaps can be created by just a few traders. For whatever reason, a few people invest in the same direction. The market then spikes and everyone else is left scratching their head.
So, what do they do? They think it must be a mistake and trade in the opposite direction, looking to profit from the error. If you see gaps in low-volume markets like on the weekends, there is a high chance they will close. Because you know the gap will close you have all the information needed to turn a profit. You know:. This strategy is straightforward and can be applied to currencies and commodities.
All you need is your weekend trading charts and you can get to work. You can even pursue weekend gap trading with expert advisors EA. This is an effective strategy to add to your weekend arsenal. This makes it the ideal foundation for your weekend strategy.
These bands often yield the best results at the weekend. This is because in the week news events and big traders can start new movements, so the trading range varies more. When the standard variation shifts, so do the upper and lower Bollinger Bands.
Strong movements will stretch the bands and carry the boundaries on the trends. This can render predictions useless. However, the reduced volume on the weekend makes the market more stable. The weekend is an opportunity to analyse past performance and prepare for the week ahead.
So, consider spending the weekends pursuing the following:. You can use those lazy Sunday hours to simulate market environments of the past to test potential strategies. Whilst it must be said past performance is no guarantee of future performance, it can be a strong indicator. Not to mention you can iron out any creases so your plan is ready to go when you head online at am on Monday morning.
When the markets are open you can often get caught in a whirlwind of emotions and trading activity. The weekends are fantastic for giving you an opportunity to take a step back. You can take a look back and highlight any mistakes. This will help you implement a more effective trading plan next week. Perhaps you may need to adjust your risk management strategy.
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The forex market opens on Sunday at pm ET. What time does the forex market close? The forex market closed on Friday at pm ET. What are the forex. Securities market is open from am until pm MSK; Derivatives market is open from am until pm MSK; FX market is open from am until. Since most participants trade between the hours of a.m. and p.m. in their local time zone, these times are used as the market open and close times.