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Trade Around the Clock
Jan 31, 2020 at 19:43
Forex is the one financial market that never sleeps, meaning you can trade at all hours of the day (or night). Unlike the world's stock exchanges, which are located in physical trading rooms like the New York Stock Exchange or the London Stock Exchange, the Forex market is known as an 'Over-the-counter market' (or OTC). This means that the trades take place directly between the parties holding the currencies, rather than being managed via an exchange.
Consequently, the Forex market has never been restricted to the business hours of any one exchange.
However, since the Forex market is a global market, it means there is always a part of the world that is awake and conducting business, and during these hours their currencies tend to experience the most movement. For example, currency pairs involving the US dollar experience the most movement during US business hours (16:00 to 24:00 GMT), while the Euro, Pound, Swiss Franc, and other European currencies experience the most movement during European business hours, (8:00 and 16:00 GMT).
By contrast, the Australian Dollar, the New Zealand Dollar and the Japanese Yen tend to be more active between 00:00 and 08:00 GMT. As a trader, this means you can trade whenever it suits you - if you work during the day, there will be currencies available to trade before or after work. If you have children but are at home during the day, you can simply choose a different currency. In the Forex market, you can trade 24 hours a day, 5 days a week.
Consequently, the Forex market has never been restricted to the business hours of any one exchange.
However, since the Forex market is a global market, it means there is always a part of the world that is awake and conducting business, and during these hours their currencies tend to experience the most movement. For example, currency pairs involving the US dollar experience the most movement during US business hours (16:00 to 24:00 GMT), while the Euro, Pound, Swiss Franc, and other European currencies experience the most movement during European business hours, (8:00 and 16:00 GMT).
By contrast, the Australian Dollar, the New Zealand Dollar and the Japanese Yen tend to be more active between 00:00 and 08:00 GMT. As a trader, this means you can trade whenever it suits you - if you work during the day, there will be currencies available to trade before or after work. If you have children but are at home during the day, you can simply choose a different currency. In the Forex market, you can trade 24 hours a day, 5 days a week.
Member Since Dec 09, 2019
34 posts
Feb 04, 2020 at 05:41
^ I don't think that user was talking about crypto markets?
Member Since Feb 22, 2011
4573 posts
Feb 18, 2020 at 14:51
mercuryhd posted:
Forex is the one financial market that never sleeps, meaning you can trade at all hours of the day (or night). Unlike the world's stock exchanges, which are located in physical trading rooms like the New York Stock Exchange or the London Stock Exchange, the Forex market is known as an 'Over-the-counter market' (or OTC). This means that the trades take place directly between the parties holding the currencies, rather than being managed via an exchange.
Consequently, the Forex market has never been restricted to the business hours of any one exchange.
However, since the Forex market is a global market, it means there is always a part of the world that is awake and conducting business, and during these hours their currencies tend to experience the most movement. For example, currency pairs involving the US dollar experience the most movement during US business hours (16:00 to 24:00 GMT), while the Euro, Pound, Swiss Franc, and other European currencies experience the most movement during European business hours, (8:00 and 16:00 GMT).
By contrast, the Australian Dollar, the New Zealand Dollar and the Japanese Yen tend to be more active between 00:00 and 08:00 GMT. As a trader, this means you can trade whenever it suits you - if you work during the day, there will be currencies available to trade before or after work. If you have children but are at home during the day, you can simply choose a different currency. In the Forex market, you can trade 24 hours a day, 5 days a week.
That is not true for common forex trader who can trade just 24/5.
During weekends only big parties are meddling with rates.
Member Since Nov 06, 2018
81 posts
Mar 12, 2020 at 23:10
I trade Crypto on a weekend without any problems.
Apr 26, 2021 at 11:00
Malajind posted:
I believe that trading around the clock does not bring results, because you still need to give yourself some rest.
i have now found its better to look at the markets at key times open and close switch overs and such so i am not looking at the charts all the time
Member Since Mar 16, 2021
447 posts
Apr 28, 2021 at 01:13
The Forex market is usually open 24/5. However, in the case of cryptocurrency, it is more.
Member Since Aug 05, 2020
5 posts
May 17, 2021 at 07:31
Yes, forex is a completely different world on its own and the market is open 24 hours a day and night which is great for traders around the globe. No matter what one’s work schedule is, one can always find one forex exchange open to trade.
Jun 17, 2021 at 07:00
This is the best thing about the forex market, that it is open for almost 24 hours except the 5 minutes roll over time. It’s great that anyone with whatever schedule can hop into the market at any time and they will still be having many currency options to trade on.
Member Since Jun 17, 2021
9 posts
Jun 17, 2021 at 10:19
It is open 24 hours but best trading is in European and US sessions so Asian traders still have a rough time
Member Since Mar 16, 2021
447 posts
Jun 17, 2021 at 23:25
The Forex market is open 24/5. And the most perfect time to enter trading is the New York session.
Jun 22, 2021 at 07:53
Exactly, forex is open 24/5, that is why many people are interested in trading. Even the people who have 9-5 jobs are also trading and making profit and talking about crypto, it is a very volatile market. I am not sure whether to start trading or not here.
