Forex Market Hours Around the World
February 3, 2008
(posted at www.mo4forex.com) Here’s a list of times of Markets around the world. Here in the USA, official trading time is from Sunday 2-5PM (depending on your broker) to Friday 5PM. But that is of no consequence when talking about how certain time periods and market hours affect what is going on with certain currencies. I thought it would be useful to me and anyone out there who isn’t away of them to know the times markets open around the world and its significance to your Forex Trading. Technically, there are no Forex Market hours persay, just Forex brokers tapping in to other market makers and institutions that are trading currencies. Why market hours concern us is stocks and commodities have as great an impact on the “big” forex traders’ sentiment as the traders trading the stocks, commodities or whatever it is they are trading.
Of course holidays and weekends do not factor into these time listings here and they are subject to change, please comment me back if you know of any errors I make, as I thought this is the most up to date info available.
When looking at a map of the world and going East to West, the first major market with a great impact on Forex prices to open is Tokyo, Japan, at 7:00 pm EST.
The Singapore and Hong Kong markets both open at 9:00 pm (EST).
The German market in Frankfurt opens at 2:00 am (EST).
The London Market Opens At 3:00 am (EST). Officially marks start of European Open and it’s busiest time while one hour later at 4:00 am EST, all Asian markets have closed.
The United States starts in New York at 8:00 am (EST). By this time, the European market is coming to a close.
The New Zealand market opens at 4:00PM (EST)
The Australian market opens approximately 5:00 pm EST, slightly after the New Zealand markets, the AUD/NZD pair is usually a nice mover around this time, but again, the spread might be too much.
7:00 pm, the Tokyo market is ready to open once more, which is the end or beginning of the trading cycle.
Not knowing when markets open and close even if they aren’t currency markets can have an adverse effect on your Forex trading. In fact, you might be a Forex loser if you repeatedly miss opportunities or have the markets go against you because you were not away of Forex market hours.
I should point out that if you are affected by DAYLIGHT SAVINGS TIME, adjust these hours accordingly. For me, trading starts at 4PM instead of 5pm until hours are moved ahead again.
admin
The Forex business is unrivaled. Just look at the many benefits and advantages to trading in this market: No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through the bid-ask spread. And there are no middlemen. Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair. What’s not to like?
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I wasn’t aware of some of the details that you pointed out so I want to just say thanks a lot.
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Forex is not just about investing and earning from your trading. It’s a pure art and I am very enjoy studying every factors about it. I don’t only focus on my profit but also I give attention to the joy trading forex
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Hmm not sure i quite understand?? can you explain to me what that means sorry to sound simple, but i am lol
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