Forex trading is conducted on the London and New York exchanges, with most trading taking place between 1:00 p.m. forex broker jobs,dxm calculator,xm.,www xm com login and 4:00 p.m. GTM. Because of the different time zones, trading hours may vary slightly from one exchange to another. Generally, however, the markets are closed for a few hours on Fridays and are open on Mondays and Wednesdays.
Public holidays may also affect trading hours. Christmas and New Year s Day are the only public holidays that close the forex market. During these times, most brokers and retail traders are not permitted to trade in the forex market. As a result, the forex market is less volatile than it would otherwise be. This is because the trading volume is lower during the holidays, and less money is traded.
Overlapping of the New York and London forex markets is the key to forex trading activity. The US opens at 8am and London opens at 10am. This overlap allows for the most activity to take place in the major currency pairs. Because of this, traders can benefit from lower spreads on currency pairs like EUR/USD/JPY. These currency pairs are typically active until around 4:00 PM, when they close for the day.
Public holidays are particularly risky for the forex market. In addition to the major players not trading, public holidays also affect the market s stability. This means that the currency market is not as stable during Christmas, as it is after the festive season in most western countries. For these reasons, most traders avoid Forex trading during public holidays.
In addition to the New York and London sessions, Europeans can also take part in the Asian session. The two sessions overlap and are often the most volatile. The morning hours of the Asian session usually show the highest volatility, while the afternoon hours are typically the lowest. This is when most speculators are active.
Because the forex market operates 24 hours a day, it is important to understand the various factors that can affect currency trading. In addition, certain economic numbers are released that may surprise market participants, affecting the currencies value. As a result, if they are out of sync with the market consensus, the exchange rate will shift quickly.
Forex traders generally avoid trading on public holidays and take a break. However, some traders have developed a trading strategy and can make money when the market is quiet, as the volume of trades is lower. However, because many Forex traders are not trading on these days, it is more difficult to determine which currencies are moving and when they are most active.