The nature of currency trading is always on time and worldwide . So it is important for traders to know the times of the trade as the key to good trading so that it can generate profits , because at that time a high level of volatility . Basically , the market has a different character . Particular currency will normally most active fluctuations when the market is open . For instance , GBP and its pair , the currency can be traded in full for 24 hours . But at a certain moment the pair GBP tend to be very active at the time of the opening of the London market arrives . While the JPY and its pair will be heavily trafficked during the opening of the Asian markets or Tokyo . These conditions are known to be important for supporting the power of your trading analysis .
The following are details of the forex market opening time :
The following are details of the forex market opening time :
- London began at 3 am to 12 noon U.S. time ( having approximately 35 % of the total volume of transactions )
- New York begins 8 am to 5:00 U.S. time ( having approximately 20 % of the total volume of transactions )
- Sydney starts 05:00 till 2 in the morning U.S. time ( having approximately 4 % of the total volume of transactions )
- Tokyo begins 7 pm until 4 am U.S. time ( having approximately 6 % of the total volume of transactions )
Hour
Information from the above table can be utilized in several ways . Because at certain hours sometimes occurs that causes enlargement of liquidity and price volatility will increase a little difficult to execute orders . Then there are also at particular hours spreads began to widen so take profit becomes less than the maximum .
During the 3 hours between the hours of 8 am and 11 times the U.S. always overlapping in the two largest markets namely London and New York . This is the busiest time of the trade . Every day , trade is always different and there is no guarantee that one time will result in profitable trades continuously . Conditions including loss of market dynamics that must be passed by the trader . However , the overlapping London and New York sessions , profit opportunities may be greater on the session . There is also overlap between the Tokyo session and the session Sydney . However, the overlapping Sydney and Tokyo is not too big an impact on the market as it did in the overlapping New York and London as trading volume will significantly dominated EUR , GBP , and USD which occurred during the London session and the opening passage of the U.S. market .
Trading Holidays
Actually, technically the forex market never experienced the closure . It's just because the big banks that became a media transaction and brokerage will be closed by the time the weekend arrives . Automatically trading volume during the weekend will be very small compared with the other days . Active or absence of price movement , largely influenced by the fundamental data that occurred over the weekend . The fundamental data may be a long -term trend or short term .
At the weekends , liquidity is very small , hardly any price movement , so that trade would be difficult to generate profits . Different conditions and different places to make the most of traders leave positions open during weekends , while others will close all open positions before 4:00 pm on a Saturday morning . The difference is then recorded in the market on Monday, so there will be a gap .
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