Your Questions About Forex Exchange Market Hours The following Question and Answer is brought to you by our Forex Consultant with interaction from members of the Yahoo Answers community.
Is Forex open 24 hours? In stockmarket they only open like 6 hours per day, we exchange stocks in one market. I donâ€™t understand with Forex, how they process, are the exchanges of selling and buying transferable? Sorry, I might using wrong words, but I hope you can grasp what I mean and possibly answer beyond my question. 10 pts. for good or detailed answer
admin answers: The FOREX Market never sleeps. A currency trader may take advantage of all market
conditions at any time. There is no waiting for an opening bell. It is a 24-hour, continuous currency exchange that never closes (normal dealing hours of operation are Sunday 5:15 pm through Friday 4 pm Eastern standard time), you can trade whenever you want: morning, noon or night. This is a very big advantage compared to stock trading with limited trading hours. The following schedule is based on Eastern Standard Time (GMT-5). Forex market opens at 19:00 between Sunday and Thursday. Then at 21:00, Singapore and Hong Kong open. Between Sunday and Friday, European markets opens in Frankfurt at 2:00am. Then London opens at 3:00am. When Asian shift is almost finished, European markets are in full throttle at 16:00. At 7:00, European markets are almost finished. At 8:00, US market opens in New York. At 9:00am, New York Stock Exchange opens. At 17:00, Australia opens. Forex market operates globally 24 hours a day, starting from the far east, in New Zealand (Wellington), passing the time zones in Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Main, London, then finishing the day in New York and Los Angeles.
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In stockmarket they only open like 6 hours per day, we exchange stocks in one market. I don’t understand with Forex, how they process, are t...