Is There A Usual Time When The Fx Market Closes Its Operation?

November 29, 2011 by Leo D. Endo  
Filed under Finance

Are you thinking about starting out with forex trading? Then there is a lot that you should know such as, what time does forex market close around the world. To be successful in this type of trading, you have to understand all the ins and outs of its operation and know how to use them to your advantage.

When you are working in forex trading, you are buying and selling different pairs of foreign currencies. Normally you will be dealing with the top eight currencies worldwide and these are: the Japanese yen, the British pound, Swiss francs, US, Australian, New Zealand and Canadian dollars and the euro.

It is important that you know what time the markets around the globe open and close in order to maximize your profits and minimize the chances of losses. You can trade at any time of the day from Sunday night, when the Aussie market opens, through Friday night when the New York market comes to a close.

What time does forex market close, is a two fold answer. On the one hand you can find forex markets open at any point during the day between the aforementioned times between Sydney and New York. However, the markets in each country generally open at 8am and close at 4pm in the time zone of the respective market.

By trading when the big three markets of England, the US and Japan are open, then you will see the biggest movements in the value of the currencies and this is the time when you are likely to get the biggest profits. If you buy and sell when there are two markets open at once, there is also an increased chance of making bigger profits on the trading.

If you are unsure about what times these markets are open in relation to the specific time zone that you live in, then you can find time converters online to help you out. They can help you work out when different markets are open or closed at any point in time.

It is important to try and make trades when the biggest markets are operational, but you can get even better results if there is more than one market open at a time. A timing converter can give you this information as well and make getting bigger and better profits more regularly for you. Knowing the ins and outs of the forex trading business means that you will have a more reliable result for your trades and knowing what time does the forex market close at any given time is a vital part of that.

Do not belittle the capacity of the forex industry to make you a rich business person someday. There is certain magic in fx trading that makes even the commoner to amass profits quick.


Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!