Saturday, July 4, 2009

Different Forex Markets & Their Timings

Forex Market Timings and Major Trading banks:Forex markets are open 24 hours a day from Sunday afternoon EST (Eastern Standard Times) to Friday afternoon EST. In the 5 days of week, there is always one financial market open all the time, when one market close other remains open. For e.g. when London market close New York market remains open, when New York market close then Australian Market open that's why there is no opening bell in the Forex Market.
Forex Markets starts in New Zealand, followed by Australia, Asia (and particularly Japan), the Middle East, Europe (with London being the main financial center) and America. Practically Speaking, Forex Markets never stop.
Best Trading Hours to Trade:
The answer is simple the best time to trade or the best time to take position when most of the markets are open because the volumes are high at that particular point of time and the most of the traders are active. As everyone knows that forex is a 24 hours market so the best entry point for trader is when several countries are trading at the same time. Across the world, the forex market operates from 8 A.M to 4 P.M. Hence to take advantage of heavy volume traders can take trades when the forex market hours in different countries are overlapping.

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