As one major forex market closes, another one opens. According to GMT, for instance, forex trading hours move around the world like this: This enables traders and brokers worldwide, together with the participation of the central banks from all continents, to trade online 24 hours a day. The forex market is open 24 hours a day, and it is important to know which are the most active trading periods. For instance, if we take a less active period between 5 pm — 7 pm EST, after New York closes and before Tokyo opens, Sydney will be open for trading but with more modest activity than the three major sessions London, US, Tokyo.
Consequently, less activity means less financial opportunity. Other forex trading hours to watch out for are the release times of government reports and official economic news. Governments issue timetables for when exactly these news releases take place, but they do not coordinate releases between the different countries. It is thus worth finding out about the economic indicators published in the different major countries, as these coincide with the most active moments of forex trading. Such increased activity means bigger opportunities in currency prices, and sometimes orders are executed at prices that differ from those you expected.
As trader, you have two main options: Whichever alternative you opt for, you should take a pro-active approach when prices suddenly change during a news release.
For day traders the most productive hours are between the opening of the London markets at The main sessions of the day are the London, US and Asian markets. XM trading hours are between Sunday When our dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing.
For any enquiries, technical difficulties, or urgent support, feel free to contact our hour customer support by email or live chat any time. For closing positions, setting a take profit or stop loss order on an existing position you will also need to provide us with your ticket number.
Then all you will need to do is request for a two-way quote on a particular currency pair and specify the transaction size e. Please remember if password authorization fails, or you do not wish to undergo this process, we will not be able to carry out your instructions.
Alertness and Opportunity Other forex trading hours to watch out for are the release times of government reports and official economic news. Trading Sessions For day traders the most productive hours are between the opening of the London markets at Below is a brief overview of trading sessions that will help you make the most of the market: Phone Trading XM trading hours are between SundayMore...