Forex Hours
Is Forex open 24 hours?
In stockmarket they only open like 6 hours per day, we exchange stocks in one market. I don’t understand with Forex, how they process, are the exchanges of selling and buying transferable?
Sorry, I might using wrong words, but I hope you can grasp what I mean and possibly answer beyond my question.
10 pts. for good or detailed answer
The FOREX Market never sleeps. A currency trader may take advantage of all market conditions at any time. There is no waiting for an opening bell. It is a 24-hour, continuous currency exchange that never closes (normal dealing hours of operation are Sunday 5:15 pm through Friday 4 pm Eastern standard time), you can trade whenever you want: morning, noon or night. This is a very big advantage compared to stock trading with limited trading hours.
The following schedule is based on Eastern Standard Time (GMT-5).
Forex market opens at 19:00 between Sunday and Thursday. Then at 21:00, Singapore and Hong Kong open. Between Sunday and Friday, European markets opens in Frankfurt at 2:00am. Then London opens at 3:00am. When Asian shift is almost finished, European markets are in full throttle at 16:00. At 7:00, European markets are almost finished. At 8:00, US market opens in New York. At 9:00am, New York Stock Exchange opens. At 17:00, Australia opens.
Forex market operates globally 24 hours a day, starting from the far east, in New Zealand (Wellington), passing the time zones in Sydney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Main, London, then finishing the day in New York and Los Angeles.
