Now that you know what foreign exchange is, why you should use it for trading, and who constitutes the foreign exchange market, it is also time for you to learn about trading hours.
In fact, the foreign exchange market is open 24 hours, but it does not mean that it is active for a whole day.
You can make money when the market is booming, or even make money when the market is down.
But when the market is no longer functioning, earning money will face a bottleneck.
Trust us, no matter what, there are always people on the market who will sometimes fall victim to improper time trading. This lesson will help us decide the best trading time of the day.
Forex market time
Before we understand the best trading time, we must first look at what the 24-hour foreign exchange market looks like.
The foreign exchange market can be divided into four main trading sessions: Sydney session, Tokyo session, London session, and New York session. The following is the opening and closing timetable for each market:
Different trading hours in the global foreign exchange market-Yuhui International
Daylight saving time (approximately April-October)
Winter time (about October-April)
You will find that there is always a period of overlap between each time period. 3: 00-4: 00 AM Eastern Time, Tokyo time and London time overlap, 8: 00-12: 00 AM Eastern Time, London time and New York time overlap.
Generally speaking, overlapping trading hours are when the market is most active during the day, because when both markets are open at the same time, the trading volume on the market is greater. This also makes it more meaningful to trade during this time, and there are more opportunities for trading profits, because all market participants are trying their best to play games during this time, which also means that the market exists during this time. More resale funds.
Now, you are likely to wonder why the opening time in Sydney has changed by two hours. You probably take it for granted that when the US adjusts to standard time, the opening time of Sydney only changes by one hour, but remember that when the US trading time is delayed by one hour, the Sydney trading time is actually one hour ahead, Because the season in Australia is the opposite of the Northern Hemisphere. If you plan to trade at the above time, you must always remember this.