subject: Learning About The Closing Time Of The Forex Market [print this page] If you are just becoming started in the forex trading world, or you are thinking about getting into it, there is a lot of data that you need to know such as what time does forex market close? In order to be as successful as you can be and increase your profits, there are details that you can use in your favor.
The way that forex trading works is that you are buying and selling pairs of currency for profit. This is a multi billion dollar market and there is the potential for you to make a great deal of money if you play the market right. The main currencies that you will be working with are the Japanese yen, the British pound, Swiss francs, US, Australian, Canadian and New Zealand dollars and the euro.
Knowing the opening and closing times of each market around the world will help you to make more money. There are markets open to trade in 24 hours a day, but usually you get the highest fluctuations happening when the bigger markets are open.
What time does the forex market close is a question with two answers. There are various markets around the world that trade at different times. In each country where the market is based, they usually open at 8am and then close for the day at 4pm. They are open from Monday to Friday. Depending on your location in the world, the Australian market opens on Sunday night and it is the first to start trading for the week. The last market to close on a Friday is the New York market.
If you trade when one of the big three markets is open and operational, then you are likely to get the highest gains as this is when there is the most action between the exchange rates of the currencies. The big three are the New York, Tokyo and London markets.
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.
If you are able to learn the keys to the forex trading game, then you will have much more success. There are a number of tips that you can learn from experienced traders and use these to your advantage to be more successful with your trades and pick the trends more reliably. Knowing things like what time does forex market close will put you ahead of the game and keep your investment safe.
