The forex market opens online at 23:00 on Sunday evening and remains open until 23:00 on Friday evening.
Whoever decides to invest money on forex should keep in mind some points regarding the forex times, the dates of national holidays during which the markets are closed to the best time slot to make forex trading to maximize gains.
So, remember:
- Opening and closing of financial centers.
- Overlap of open markets in different financial centers.
- Time zone differences.
- Differences in time because of daylight saving.
- Hours applied on the platform you support.
- The Forex market is particularly active in the first and last hours of opening, at times almost simultaneous opening of more centers.
- Markets undergo changes when the news about macroeconomic indicators are reported, this almost always happens during the first hours of the day.
In Italy the best times to work are between 8:30 and 9:30 in the morning. The volumes are reduced gradually until 12:00, at least during peak hours of activity daily. A second phase of volatility is around 14:00, which coincides with the opening hours of the U.S. market. For those still not satisfied can wait for 04:00 in the morning, that with the opening of Tokyo, the volumes return to be appreciable.
For those who now wants to work on forex, we recommend to operate in the middle days of the week and during the following times:
From 7:00 to 9:00 on the Tokyo and London.
From 10:00 to 12:30 London market, not EUR / USD.
From 14:30 to 19:00 the London and New York until 17:00 and then only up to NY 19.
from 2:30 to 4:30 for the Tokyo market.
Now that we explained when to operate, we have to do some testing using a demo account and, perhaps, by downloading our free ebook and follow the winning strategy described.
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The Beginner's Guide to Online Stock Trading
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