exchange and speculate on currencies. Refer to our legal section here. The rate, which is set at 4pm London time is used for daily valuation and pricing for many money managers and pension funds. Investment Industry Regulatory Organization of Canada (iiroc which includes iiroc's online advisor check database (. The forex opening hours are relevant for two reasons: a) Abundance of trading opportunities b) Ability to predict what will happen.
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Yes, it is true that the forex market is open 24 hours a day, but that doesnt mean its always active the entire day. The forex opening hours for the various time zones, using US Eastern Time as the benchmark are: New York: 8:00 am to 5:00 pm EST. By the time we get into the New York session with all the market news releases that accompany the opening hour of the New York time zone (which at this time is effectively in overlap with the London time zone you get a situation where. Trading is closed from 5pm to 6pm ET daily. We tend to see traders who have digested all the market events of the previous sessions in other time zones, all geared up and ready to take positions based on the fundamentals that are at work. NFA's forex investor alert where appropriate. Now that you know what forex is, why you should trade it, and who makes up the forex market, its about time you learned when you can trade. And Japan doesnt observe daylight savings, so thank you Japan for keeping it simple. (October/November March/April) Local Time EST GMT Sydney Open 7:00 AM Sydney Close 4:00 PM 3:00 PM 12:00 AM 8:00 PM 5:00 AM Tokyo Open 9:00 AM Tokyo Close 6:00 PM 7:00 PM 4:00 AM 12:00 AM 9:00 AM London Open 8:00 AM London Close 4:00.
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