Sunday, December 26, 2010

forex-market-opening-times

The Forex market is the only 24-hour market, opening Sunday 5 PM EST, and running continuously until Friday 5 PM EST. The Forex day starts with the opening of Sydney’s (Australia) Forex market at 5:00 PM EST (10:00 PM GMT / 22:00), and ends with the closing of New York’s market, a day after, at 5:00 PM EST (10:00 PM GMT / 22:00), immediately reopening in Sydney restart trading.
Note: EST is an abbreviation for Eastern Standard Time (e.g. New York), while GMT is an abbreviation for Greenwich Mean Time (e.g. London).
How to Interpret This Graph
There are at least two reasons why you should track the major forex market trading hours:
* The first hour after a major market opens is considered very important and often indicates how the session might develop.
* In periods when market ‘trading hours’ overlap, liquidity tends to increase because more traders are participating in the FX market.
TRADING SESSIONS
The Forex market follows the sun around the world with opening of financial centres in different time zones starting from Asia and finishing in America. Opening times of the main trading sessions are:
Center         Open
Sydney         09:00 pm GMT
Tokyo         11:00 pm GMT
Frankfurt         07:00 am GMT
London         08:00 am GMT
New York         01:00 pm GMT

2 comments:

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