Using Forex Trading Hours to Your Advantage

Written by Forex Australia
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Each Forex market has its own opening and closing time. The exact time will change depending on where you currently live in the world. By knowing the open and closing times, you can plan when you will trade. Forex trading times Australia opens at 7 pm and closes at 3 am EST.
The one thing that distinguishes a forex market is its vibrant nature and the speed that money exchanges hands are mind-boggling. Here, luck change in seconds and minutes. This fact makes it easy for you to enter the market, often more than one time a day, and still find some profit from the trades.

What time does the market open and close?

Timing will be the one thing that is the key to your success in the forex trading times Australia, and that is why it is crucial to determine the best time to join the market, the best time concerning movement, the volume of trade, etc. The forex market is accessible 24 hours throughout the trading week and starts on Sunday at 5 pm EST through Friday 4 pm EST. However, even though it is available around the clock, it does not mean rates are constantly moving in a direction that makes a specific market worth trading.

When the market is active and moving, money is made in the Forex market, but not when the market is slow and relatively quiet. There are overlaps and constant opening and closing of markets happening. Peak trading times occur when the Australia market is open at the same time as the European and US market. These are the hours you want to target in order to find the most profitable trades available.

The great thing about the market is that there is really never a downtime. When it is a day for you, it is a night for someone else. When a market closes somewhere, simultaneously, markets open somewhere else, and that is when traders have a tremendous opportunity to make some serious money.

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