2:45 PM
Forex Bond
Forex trading for beginners - one of the best reasons for trading the forex is that it is open all day long. In the U.S., trading begins on Sunday evening and continues 24 hours a day until Friday afternoon. It assuredly does not matter how crazy your personal agenda is or what hours you can trade, the foreign replacement shop can accommodate you.
Some people don't understand why the forex is open the whole day, so let me clarify real quick.
What Is FOREX
The forex shop has no central headquarters like American stock and selection markets have. The forex is assuredly a computer network connecting all the major banks of the world.
For example, say it is midnight in the United States and the banks are closed. You can still trade currencies straight through other banks in the world that are open. The connected computers will route your trade to the banks that are open. None of this routing assuredly matters to you. Your trade will be filled pretty much the same regardless of which bank fills your order.
Here is how the time zones are broken throughout the world:
Tokyo session: 7 Pm - 4 Am Eastern
London session: 3 Am - 12 Pm Eastern
U.S. Session: - 8 Am - 5 Pm Eastern
Don't get confused here. Regardless of where you are in the world, you can trade anytime of the day. These time zones just indicate when the banks are open throughout the world. For example, in the United States, banks and major corporations trade from 8Am - 5Pm Eastern. But during these hours in the U.S., people in Asia or Europe are not at work.
Now there are times during the day when trading sessions overlap. The London and U.S. Sessions overlap from 8 Am - 12 Pm Eastern. Some of the best trading times are during overlapping sessions because there are more people trading which causes the price to move more. You want the price to move. When it does, you have a good opportunity of making money.
I love trading the forex for varied reason, but one of the most involving reasons is that I can trade when I want to. Regardless of when you can trade, the forex is ready for you!
Forex Trading For Beginners - Why is the Forex Open 24 Hours a Day?
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