Forex Trading - 24 Hours a Day, 5 Days a Week

ByR. Stevens

The reason many people are very keen to start learning forex trading is that it has many advantages over the "normal" kind of trading (stocks). One of these advantages is that the forex market is open 24 hours a day.

The market is, indeed, open 24 hours a day, for 5 days a week. From 2200 GMT on Sunday until 2200 GMT on Friday, you can enter, close and manage trades at any time you like. You can trade for 10min at 2 in the morning on a Wednesday, or for an hour at 10 in the evening on a Thursday, it doesn't matter.

Since the market is open for so long without interruption, you can literally connect to the internet and start forex trading at any time you want, whenever it suits you. This is ideal because many people don't have time to sit and trade through the day, but now with forex trading they get to trade at the times that best meet their current circumstances.

The forex market is also a very open market where all the news releases are known worldwide, most private traders with the correct subscription can be aware of news announcements at precisely the same time as the top tier traders in financial institutions. This is also a great advantage for the part-time trader, since there are no secret tips or insider information going around. At most, some people get the news a few seconds faster than other through a paying service.

Remember, even if the forex market is opened 24 hours a day during the 5 week days, it doesn't mean that forex trading at any time during those opening hours is recommended. There are times during the day when 2 trading zones overlap and there is more volume in the market. It's preferable to trade during those hours, because the volume will make the market move and give you opportunities to capitalize. The greater the volume, the most interested you should be in forex trading during those times.

Here are some great times to trade during the day:

From 0800 to 1200 EST (London & New York sessions overlap)

From 0300 to 1400 EST (London and Sydney sessions overlap)

From 0300 to 0400 EST (London and Tokyo sessions overlap)

The fact is you can open, manage and close trades and actively partake in forex trading at anytime from Sunday 2200 GMT to Friday 2200 GMT. This increases the potential for private and part-time investors to take a much more active role in their personal financial goals.

Visit the Forex Training Worldwide website to find out more about our Forex Trading course and our Forex training mentors.