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Can You Genuinely Trade FX 24/7?

The foreign exchange market commences from Monday morning in Shenzen, China to Friday afternoon in New York. All day and night at least one place on the globe, forex is traded.

This would in actuality be appropriate in weekdays only as the market is closed on weekends. 24/5 would be more accurate.

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You ought to understand time zones though in order to determine exactly when the global markets will open and close. It is very lucid when evinced in UTC.

This is Universal Coordinated Time, previously called as Greenwich Mean Time. It is the precise winter time at zero longitude on the globe and the actual location is Greenwich, London.

So, the typical foreign exchange market hours are 22.00 Sunday UTC to 22.00 Friday UTC. This is 10 pm in England in winter time.

New York is 5 hours behind the UK so the worldwide FX market commences and closes at 5 pm Sunday/Friday in New York, 2 pm on the US west coast, 11 pm in Germany, 8 am Monday/Saturday in Sydney.

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In brief, the major national forex markets have the the below cited hours:

Sydney: 10 pm to 7 am UTC Tokyo: 12 midnight to 9 am UTC London: 8 am to 5 pm UTC New York: 1 pm to 10 pm UTC

Portrayed in EST (Eastern US time):

Sydney: 5 pm to 2 am EST Tokyo: 7 pm to 4 am EST London: 3 am to 12 noon EST New York: 8 am to 5 pm EST

It’s visible here that markets do work 24 hours a day in a global sense.

24 hour market trade does not designate that all 24 hours are suited for good trading. Just after a primary market opens, the prices can be very volatile and changeable.

A considerable number of traders knowingly stay away from avoid trading from 1 to 4 hours daily during the 4 opening times of major league bourses.

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In theory then, trading can be consummated from Sunday night till Friday night, 24 hours daily. It even becomes imaginable physically owing to trading software that utilize robots.

Regardless of this, knowledgeable traders will choose to select optimal times and not persist on executing transactions in the forex market during the whole time that it is operational.

Note: Forex trading is risky, may end up in significant losses, and is not suitable for every person.

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