What Time Does Forex Market Close

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.

The way that forex trading works is that you are buying and selling pairs of currency for profit. This is a multi billion dollar market and there is the potential for you to make a great deal of money if you play the market right. The main currencies that you will be working with are the Japanese yen, the British pound, Swiss francs, US, Australian, Canadian and New Zealand dollars and the euro.

Knowing the opening and closing times of each market around the world will help you to make more money. There are markets open to trade in 24 hours a day, but usually you get the highest fluctuations happening when the bigger markets are open.

What time does the forex market close is a question with two answers. There are various markets around the world that trade at different times. In each country where the market is based, they usually open at 8am and then close for the day at 4pm. They are open from Monday to Friday. Depending on your location in the world, the Australian market opens on Sunday night and it is the first to start trading for the week. The last market to close on a Friday is the New York market.

Although there are many markets that you can use to trade in, the most lucrative tend to be the London, Tokyo and New York markets. These are where the most trading gets done and as a result, you will see the biggest swings in exchange rates and be able to earn the biggest profits from your sales most of the time.

It can be somewhat tricky to work out the times that all the markets are open in relation to your own time zone. To help you out, there are internet time converters, which can tell you which markets are currently open and trading when you log on to them.

If you are able to learn the keys to the forex trading game, then you will have much more success. There are a number of tips that you can learn from experienced traders and use these to your advantage to be more successful with your trades and pick the trends more reliably. Knowing things like what time does forex market close will put you ahead of the game and keep your investment safe.