Get To Know Which Forex Trading Hours Are Considered Global

Get To Know Which Forex Trading Hours Are Considered Global

If you want to trade Forex, one thing you need to be clear about is the world Forex trading hours. The Forex market is the foreign exchange trading market, and Forex traders are trading foreign currencies for profit. The market is run entirely electronically, within a network of banks, and runs continuously over a 24-hour period. When you make a trade on Forex you are simultaneously selling one country's currency and buying the currency of a different country.In Forex the major markets are London, New York and Tokyo, and the US and UK markets account for more than 50 percent of turnover. The continuous 24-hour market begins on Sunday 5 p.m. Sydney, Australia, time and goes through to 4 p.m. EST, rollover time being 5 p.m. EST. The foreign exchange trading day virtually never ceases apart from a few short periods during weekends, so at any given time somebody, somewhere, is buying and selling currencies.So if you want to know when you can trade Forex, the answer is that you can trade when you want to. The 24-hour market, combined with the massive liquidity of Forex, means you have the freedom and independence to decide when you want to trade. However, some times are better than others. In order to find the best chance of trading opportunities, you need to look for the times when Forex volume is highest.Overall Forex volume is determined by what markets are open and the times these markets overlap one another. Forex volume peaks when two of the three major markets have their open or exchange-traded markets open at the same time the exchange-traded markets are the markets in instruments such as futures, stocks and bonds, which adhere to traditional opening times. There are two periods in the 24 hours when two major markets overlap. Between 2 and 4 a.m. EST is when the Asian (including Australian and New Zealand) and European markets overlap, and between 8 a.m. and 12 noon EST is the time when European and North American markets overlap. The markets tend to make their biggest moves during these overlaps, and these are thus the best times to trade.It has been said that the Forex market never sleeps. Unfortunately, this means that, in some parts of the world, the Forex trader will also get very little sleep. The world Forex trading hours are virtually continuous, but if you can stay awake at the peak times, you have the best chance of profitable trades.

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