The market never sleeps. Forex is basically a continuous 24-hour open electronic-trading session. So when should I be awake to trade?
Good question.
The 24 hour market goes from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST. Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America. The US and UK account for more than 50% of turnover. Major markets: London, New York, Tokyo. Trading activity is heaviest when major markets overlap - nearly two-thirds of NY activity occurs in the morning hours while European markets are open.Select the market, select the time, start trading.
The foreign exchange "week" begins at 5am Sydney time on Monday mornings. The foreign exchange trading day virtually never ceases except for short periods over weekends. At any given time, somebody somewhere is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day. So, the answer to your question is this: The massive liquidity of Forex, combined with a true 24-hour market that's traded 5.5 days a week, offers you exceptional independence and choices to trade Forex when you want to, not when the market wants you to.
Trades actually develop with relatively the same frequency, regardless of time. As long as the Forex is open, there is about the same chance that you will find a trade, whenever you look. But some times are significantly better than other times. If you are trading with Easy-Forex, they will show you why, and which times to aim for.
Learn more at http://www.bizwrite.co.uk/Forex/forexindex.html
1 comment:
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