Find Out About The Forex Market's Closing Time

If you are new to forex trading, then you might be wondering about a number of things

, such as what time does forex market close around the world? There is much to know in order to get the best results that you can from your trades and be able to turn a reliable and consistent profit.

When you are working in forex trading, you are buying and selling different pairs of foreign currencies. Normally you will be dealing with the top eight currencies worldwide and these are: the Japanese yen, the British pound, Swiss francs, US, Australian, New Zealand and Canadian dollars and the euro.

Knowing when the markets open and close around the globe is important. You can buy and sell virtually twenty four hours a day between the world markets which open on Sunday night in Australia and close again on Friday night in New York. At any point in time, there are markets that are open for you to trade, but it is best to trade when the big three markets are open for business.

What time does forex market close, is a two fold answer. On the one hand you can find forex markets open at any point during the day between the aforementioned times between Sydney and New York. However, the markets in each country generally open at 8am and close at 4pm in the time zone of the respective market.

Although there are many markets that you can use to trade in, the most lucrative tend to be the London, Tokyo and New York markets. These are where the most trading gets done and as a result, you will see the biggest swings in exchange rates and be able to earn the biggest profits from your sales most of the time.

If you are unsure about what times these markets are open in relation to the specific time zone that you live in, then you can find time converters online to help you out. They can help you work out when different markets are open or closed at any point in time.

By understanding how the markets around the globe work as well as the times when the biggest fluctuations in price are likely to take place, then you can really increase the chance of getting big earnings. Knowing all about the movements of the markets and what time does forex market close is the key to earning the largest profits from your investment.

by: Deoh Carullo.

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