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Did you find what you were looking for? Despite the fact that Forex operates within 24 hours, there are certain time frames during which it can be more or less active in relation to transactions with different currencies. It is common knowledge that there are time zones. When it comes to Russia, it is a unique country with its currency market trading hours stretching over 9 time zones. It means that at one moment the local time varies in different cities of the world, and the day in one part of the planet may mean night in another one.
GMT is a local time in the neighbourhood of the Greenwich mean meridian. This neighborhood includes such European countries as Great Britain and Portugal. As a Forex trader you can be in any part of the world, but it is essential to know which time zone you are in and how your local time corresponds to the local time of the currency market trading hours financial centres.
It is worth noting that in some countries daylight saving time is practiced, so in different seasons such countries will be currency market trading hours two neighbouring time zones. Winter time zones are illustrated in currency market trading hours picture. The activity on the Forex market is divided into 4 trading sessions: Pacific, Asian, European and North American sessions.
Each session is active during the working hours of the region concerned. The most active trading during these sessions is fixed with the British pound: Besides, the following pairs that include the U.
The euro is almost not traded prior to the opening of the European session in London. The European session starts at the close of the Currency market trading hours and Asian trading hours. The Japanese yen JPYon the contrary, loses investor appetite for it during the trading day. Additionally, the following pairs are traded with the U.
The most of the trades are executed within the operating period of both European and North American trading sessions, when the liquidity of such pairs as: Experienced traders almost do not trade these pairs during the North American trading hours.
In summer or winter season the time in different financial centres of the world differs from the universal time GMT by number of hours shown in the currency market trading hours below:. It can be seen from above that all countries practice daylight saving, as they are in the same time zones in winter and currency market trading hours summer.
Working on Forex, you should take into account not only the activity of major financial centres during the trading sessions, but also remember that the financial markets are closed on weekends and public holidays. The global exchange currency market trading hours activity slowes down these days, consequently, the liquidity reduces too. The market as though freezes in anticipation. That is the reason why professional market players try to close all opened positions on Friday we will tell about opening and closing the positions later in order to avoid unexpected currency rate fluctuations caused by events happened on weekends.
On Monday, Forex usually is in waiting and there are no dynamic deals. The participants just try to determine dominating trends of rate movements. Yes No Did you find what you were looking for? Printable version Add to Favorites Evaluation page. Live help online Click here. Chapter 8 Forex trading hours. Chapter 8 Forex trading hours Despite the fact that Forex operates within 24 hours, there are certain time frames during which it can be more or less active in relation to transactions with different currencies.
In summer or winter season the time in different financial centres of the world differs from the universal time GMT by number of hours shown in the table below: