Forex Day Trading During These Hours
The Forex market is open 24-hours a day, but not all those hours are active and worth trading. Most day traders seek out activity and movement; if a Forex pair isn’t moving, profit potential is reduced, and the spread—the difference between bid price and ask price—can slowly erode the trader’s account if they trade during these quiet times. By trading only during the most active times, day traders can capitalize on the activity and avoid the doldrums.
Global Trading Sessions
The forex market doesn’t have a centralized location; rather, it’s a network of banks, brokers and traders which facilitate trade around the clock during the week. Due to the various time zones around the planet there’s always a market open somewhere. For example, London is open for business from 3 AM EST until noon. New York and Toronto are open from 8 AM EST to 5 PM. At 5 PM Sydney opens, followed by Tokyo and then London again. A market is always open somewhere, but that market may not necessarily actively trade all Forex pairs. For example, after the U.S. market closes, Sydney and Tokyo open. Pairs that include the Australian dollar or Japanese Yen will see some activity…
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