How does the foreign exchange market trade 24 hours a day?



The International Currency Market is a market in which participants I recently changed my main trading system after testing a new session for forex a year. The onslaught of liquidity being offered from these market centers can entail large and fast moves.

The Best Trading Session Indicator for MetaTrader 4 (MT4)


Technically you can trade any currency pair at any time, but it goes without saying that the best time to trade a currency is when its home market is open. News releases are obviously made on local time. Then the UK news releases start coming out and traders have two sets of factors to trade on, plus whatever may be still simmering from the Asian session, like a big move in equity prices, intervention, or some other major event. By the time New York opens around 8: The London traders may have closed most positions ahead of the US open but when they see whether the New York traders are continuing a trend started by the London traders, they may jump back in for a few hours.

The two best times to trade major currencies in Forex are 3: The first gets you the big market — London — with both European and UK data releases. The second one is the overlap of London and New York. There is one conclusion to be drawn from this — that London traders work the longest hours of anyone in the industry. By noon New York time, trading has faded away to low volumes — unless it is a day, on which the Fed announcement is due.

This is always at Some calendar events will become engraved on your memory, like 7: We have an active poll dedicated to finding out the best time for trading. You can see how other traders have responded and cast your vote if you already have a preferred trading session.

Depending on what currencies you are trading, it will pay you to know the exact release time and date of important data and central banks news.

In some years, if you trade the yen, you will want to keep track of the news stories published by the local press near lunchtime and the end of the Tokyo day. The journalists crowd the hallways of the Ministry of Finance and the Bank of Japan to catch officials on their way in and out, hoping for a tidbit to write about. When big events are brewing, including intervention and jawboning, this is when we read about them. Tokyo is 13 hours ahead of the New York time zone, so that means an odd schedule.

If you live in the Asian time zone and want to trade live only during that time zone, you may want to collect a separate database only for Forex prices that occur during that session. Average true range and volatility will be different from ATR and volatility of the entire hour session, which should affect you placement of stops and targets. Industry Leading Affiliate System and Rates Our suite of powerful affiliate tools is available to every registered member to refer other traders up to 3 tiers deep and earn up to Build Your Referral Business.

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How do you determine your manual GMT offset? Click on the following link to find the GMT. Now do a little math to find out the hourly difference betweem the GMT and your brokers time. That is the offset. If the market watch time is ahead of the GMT then your setting is a positive number.