The foreign exchange market is a 24-hour non-stop market. The most obvious difference from other trading markets is the continuity in time and the unconstrained nature of space! Foreign exchange traders in China have time advantages that other time zones cannot match.

The most obvious difference between the foreign exchange market and other trading markets is the continuity in time and the unconstrained nature of space!

In other words, the foreign exchange market is a 24-hour non-stop market. The main fluctuations and trading hours are from New Zealand on Monday to work in Chicago on Friday. There are also a small amount of foreign exchange transactions in the Middle East on weekends, but they are basically negligible as normal inter-bank exchanges, not ordinary speculation. So in summary, the foreign exchange market is a continuous trading market that does not stop.

It’s a well-known thing to be able to trade if there is a market, but it does not mean that we can trade. In the 24 hours a day, every trading period in the foreign exchange market has its own rules and characteristics, so we only need to understand According to his law, adopting corresponding strategies in the appropriate time period can greatly increase the success rate of transactions while avoiding transaction risks.
Timetable of major foreign exchange transactions in the world

Real foreign exchange trading hours:

Although the foreign exchange market is open 24 hours a day, each financial center (ie New York, London, Frankfurt, Tokyo and Australia) has its own opening hours, usually from 8:00 am-4:00 pm, local time. It means if 8:00 am (Tokyo time) Monday morning, the Tokyo market will be open for trading, even at 10:00 pm EST, on Sunday evening. Therefore, you can enjoy the advantages of trading the foreign exchange market in your New York apartment.

Partial overlap of hours:

With so many financial centers around the world, you may have time when two or more markets are open. For example, the New York and London markets overlap from 8:00 am to 12:00 pm EST, while the London and Tokyo markets overlap from 3:00. AM to 4:00 am EST overlaps. Sydney and Tokyo markets overlap from 7:00 pm-2:00 am EST. These overlapping times are the best trading time due to the large volume of transactions.

Other suitable trading time:

In addition to overlapping times, it is best to trade in the following time periods:

In the middle of each week (showing most of the fluctuations)

Trading hours in the three largest markets-London, New York, and Tokyo.

Time period to avoid:

It is best to avoid the following time/day:

Sunday (volume limit)

Friday (unpredictable)

Holidays (Volume limit)

Economic report released (volatility)

4:00 pm-6:00 pm EST (low market volume).

Foreign exchange trading hours
Major global foreign exchange markets-opening and closing time (Beijing time)

New Zealand’s Wellington foreign exchange market: 04:00-12:00 (winter time); 05:00-13:00 (daylight saving time).

Australia Sydney foreign exchange market: 06:00-14:00 (winter time); 07:00-15:00 (daylight saving time).

Japan Tokyo foreign exchange market: 08:00-14:30

Singapore Foreign Exchange Market: 09:00-16:00

Forex market in Frankfurt, Germany: 14:00-22:00

London foreign exchange market: 16:30-00:30 (winter time); 15:30-23:30 (daylight saving time).

New York Foreign Exchange Market: 21:20-04:00 (winter time); 20:20-03:00 (daylight saving time)

Hong Kong, China: 09:00-16:00

Note: The international stipulation that winter time starts from the second week of November to the first week of March of the following year; daylight saving time refers to all times except winter time.
Timetable of major foreign exchange transactions in the world

How to choose the foreign exchange trading time?

The foreign exchange trading time is 24 hours, and the foreign exchange trading time is basically concentrated at 8: 00-23: 00 Beijing time, which is very beneficial for investors in China and is in line with the schedule of Chinese investors. So how to further choose the foreign exchange trading time? Mainly depends on the characteristics of each foreign exchange trading time period. Take Beijing time (24-hour clock) to illustrate:

  1. 8:00-12:00 is the active time of the Asian and Australian markets. It is a time period for foreign exchange market adjustments, with low risks and low returns. It is an unsuitable time period for foreign exchange transactions.
  2. 12:00-15:00, on the eve of the opening of the European foreign exchange market, the volume of foreign exchange transactions is gradually increasing. It is the stage of foreign exchange market gestation, with risks and low returns. It is a time period for foreign exchange transactions suitable for holding positions.
  3. 16:00-18:00, a period of time when the European foreign exchange market starts trading. It is a period of foreign exchange market fluctuations with high risks and high returns. It is suitable for trading but not suitable for temporary positions.
  4. 19:00-20:30, the time period for foreign exchange trading at noon in Europe and early morning in the Americas, is the second time period for foreign exchange market adjustments, with low risks and low returns, suitable for opening positions.
  5. 21: 00-24: 00, this period of time is a period of simultaneous trading in the American market and the European market, and is also a period of time when the market is mainly volatile, with high risks and high returns, suitable for trading but not suitable for temporary positions.

The time points of foreign exchange transactions are basically concentrated between 8 o’clock and 23 o’clock, which is very friendly to domestic investors and is in line with our normal schedule. Choose a suitable time period as the peak trading period, and resume one day’s operations in the rest of the time. It’s basically a day for foreign exchange traders.