The Forex market is a decentralized platform, so it works around the clock seven days a week.
However, the weekend is much slower trading and liquidity falls. Therefore, market makers and brokers stop their work. Saturday and Sunday are considered unofficial time when trading on the Forex closed and traders are resting.
For a successful trading and analyzing the financial news you need to know the exact time of the trading session (when trading is allowed). Timing is of the Prime Meridian passing through Greenwich, and called Greenwich Meridian Time.
The exact time of trading sessions site FrontStocks Ltd:
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
00:01-23:59 00:00-23:59 00:00-23:59 00:00-23:59 00:00-20:00 holiday holiday Note: All times in the time zone GMT [?]
The main points of the trading week
Sunday 20:00 - Start of Trading;
21:00 - beginning of the trading session in New Zealand. Events do not occur, trade sluggish;
23:00 - beginning of the trading session in Sydney. Trading begins to gain momentum, as in 1 hour will trade in Tokyo;
24:00 - the opening of trading in Tokyo. Market gains momentum. Take into account the specifics of the market: Asian investors are consistently and clearly, if open positions in the same direction - all at once;
01:00 - Opening of Singapore. Increases because of the dynamics approach the opening of the two giant stock exchanges - in Shanghai and Hong Kong. Often, before the Chinese session euro decreases up to the opening of the Shanghai and Hong Kong;
01:00 - 01:30 - to the Chinese session mostly Euro falls, but there are exceptions;
01:30 - Opening of Shanghai and Hong Kong. Begins a large-scale trade in the auction involves the entire Asia - Pacific;
01:30 - 02:30 - possible adjustment Euro. Most often, up to one hour.
02:30 - 06:00 - open multidirectional deal on EUR / USD. At this time, Asian exporters convert part of their profits in dollars and euros;
06:00 - closes Tokyo. If the Euro is actively sinking up to this point, after the closure of Tokyo, Chinese traders are trying to boost the Euro;
06:00 - 07:00 - "Chinese Hour" on the exchange. Chinese and Singaporean traders have complete control over the trade situation. At this time, most growth occurs Euro;
Asia - a major trade - industrial region with an abundance of high-quality and low-cost goods and financial giant in circulation. Asian traders make a lot of deals. Therefore bets made at the opening of trading in London, should be monitored after the trade the Asian region;
07:00 - Opening of London and European exchanges. According to the observations often sell Euro dominated in the early hours;
09:00 - Closing of Singapore and the end of the Asian session. Almost immediately or within an hour going to push the Euro and change of trend (often it happens to 11:30);
09:30 - often the leap for the Euro. European traders no one interferes. Asia is likely to bring down the foot;
10:00 - 10:30 - may be change of trend in the European session;
11:00 - 13:00 - end of trade on the oil exchanges: Dubai, Qatar, Emirates and others. Oil trade is in dollars, so often a rise in the euro;
13:00 - 13:30 - the panic, as the approaching opening of the U.S. stock exchanges. The right time to close unsafe position. Quite often, at this moment the Euro goes down;
13:30 - opening exchanges of America and Canada. Europe at this time is also able to trade. So begins the most large-scale trade. Trades are formed quickly. Generally strong movements at this point are due to speculation;
15:30 - The European session is closed. Often at this point is changing the trend of the Euro to the opposite;
19:00 - 20:00 - the last hour of the American session. The previous trend resumes often and 21:00 - 21:30, the first and last hour of any stock exchange - is the time of maximum activity of large institutional clients and funds. At this time there fixing their profits. At this point, you should be careful.
Friday 21:00 - trade stops
If you use the technique of intra-day trading, then you are important time points of entry and exit from the market. A time when it is desirable to monitor the traffic on Forex:
23:55, 01:25, 05:55, 06:00 - 07:00, 06:55, 08:55, 09:00 - 11:00, 10:55, 11:00 - 13:00, 12: 45, 13:25, 15:30 - 17:00, 18:55, 19:55, 20:00, 21:00.
If you have questions about the transactions, please contact our customer support. For a quick tutorial you can also use the online chat by clicking the "Support" at the bottom left of the page.