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Note: EST is an abbreviation for Eastern Standard Time (e.1000. New York), while GMT is an abbreviation for Greenwich Mean Time (due east.1000. London).
The main Forex markets, in the order of their opening times, are: Sydney, Tokyo, Frankfurt, London and New York. On the chart beneath, you lot can meet the hourly grade of the Forex-trading day.
Note: Tokyo'due south market doesn't start in the proper time zone due to the fact that information technology opens i 60 minutes
afterwards the other markets (ix:00 AM Local Time, while others open at eight:00 AM Local Fourth dimension).
The following table illustrates the opening and closing local times for a Forex day and week, in role of time zones.
Time Zone | Opening / Closing fourth dimension* | Week starts | Week ends | |
---|---|---|---|---|
GMT+12 | ten:00 AM (10:00) | Monday 10:00 AM | Saturday x:00 AM | Auckland |
GMT+eleven | 09:00 AM (09:00) | Mon 09:00 AM | Sabbatum 09:00 AM | |
GMT+10 | 08:00 AM (08:00) | Monday 08:00 AM | Saturday 08:00 AM | Sydney |
GMT+9 | 07:00 AM (07:00) | Monday 07:00 AM | Sat 07:00 AM | Tokyo |
GMT+8 | 06:00 AM (06:00) | Monday 06:00 AM | Saturday 06:00 AM | Hong Kong |
GMT+vii | 05:00 AM (05:00) | Monday 05:00 AM | Sat 05:00 AM | Bangkok |
GMT+6 | 04:00 AM (04:00) | Monday 04:00 AM | Sabbatum 04:00 AM | Dhaka |
GMT+5 | 03:00 AM (03:00) | Monday 03:00 AM | Saturday 03:00 AM | Karachi |
GMT+4 | 02:00 AM (02:00) | Monday 02:00 AM | Sat 02:00 AM | |
GMT+three | 01:00 AM (01:00) | Monday 01:00 AM | Sabbatum 01:00 AM | |
GMT+2 | 00:00 AM (00:00) | Sunday 00:00 AM | Friday 00:00 AM | Cairo |
GMT+1 | 11:00 PM (23:00) | Sun 11:00 PM | Friday 11:00 PM | Frankfurt |
GMT | 10:00 PM (22:00) | Sunday 10:00 PM | Fri x:00 PM | London |
GMT-1 | 09:00 PM (21:00) | Sunday 09:00 PM | Friday 09:00 PM | |
GMT-2 | 08:00 PM (twenty:00) | Sunday 08:00 PM | Friday 08:00 PM | |
GMT-3 | 07:00 PM (19:00) | Sunday 07:00 PM | Friday 07:00 PM | |
GMT-4 | 06:00 PM (18:00) | Sunday 06:00 PM | Friday 06:00 PM | |
GMT-5 | 05:00 PM (17:00) | Sunday 05:00 PM | Fri 05:00 PM | New York |
GMT-6 | 04:00 PM (16:00) | Sunday 04:00 PM | Friday 04:00 PM | Chicago |
GMT-7 | 03:00 PM (15:00) | Sunday 03:00 PM | Friday 03:00 PM | |
GMT-viii | 02:00 PM (14:00) | Dominicus 02:00 PM | Friday 02:00 PM | Los Angeles |
GMT-9 | 01:00 PM (13:00) | Sun 01:00 PM | Friday 01:00 PM | |
GMT-ten | 00:00 PM (12:00) | Sun 00:00 PM | Fri 00:00 PM | Hawaii |
GMT-11 | 11:00 AM (11:00) | Sun xi:00 AM | Friday 11:00 AM |
If you alive in New York you lot tin can meet from the tabular array (GMT-five) that daily trade starts at five:00 PM (17:00), and ends at five:00 PM (17:00) the day after. The weekly opening is at Sunday, while the weekly closing is Friday.
Familiarize yourself with your local opening and closing times, because this will touch on when y'all must close your day trades.
For example, if y'all live in London (GMT), the Forex day ends and restarts at 10:00 PM (22:00). If yous open a position at nine:30 PM (21:30), and close it at 10:30 AM (22:30), your trade goes from one to another Forex day and rollover/swap are practical. If you open a position at ten:xxx PM (22:30), and close it next twenty-four hour period at 11:00 AM (eleven:00), your trade is intraday (airtight within the aforementioned Forex day), and no rollover/swap apply.
Important: A Forex day doesn't represent to a normal/calendar day.
Source: http://www.forex-internet.com/forexhours.htm
Posted by: adamence1987.blogspot.com
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