04.02.2010 Post in Trading

Forex market has its own strict rules. Trading operations are carried out within a certain timeframe which is shown in a trading session timetable. The trading session is opened around-the-clock: in weekdays – from Monday midnight till Friday 22:00. As the banking activity is low during the weekends, the currency market does not work.

However, the world time differs in all countries and continents, so as soon as in one part of the world the trading comes to an end, in another one – it just begins. These time peculiarities are set out in the trading session timetable at Forex. That is why, there is nothing more important for a trader than to be at the right time and place.

It is essential for the category of active partakers at the trading platforms. For traders it is important to be in touch with the market situation constantly to have an opportunity of making the deals in the real-time mode with the most beneficial result.

The trading session timetable contains rather huge data volume which is impossible to keep in mind all the time. At this point, the trader can find support in various Internet-resources, where the current timetable of all trading sessions is entirely available. Moreover, there were created special programs which request information on the work schedule automatically and display it in a comfortable graph form.

Often, a certain trading tendency of one continent can be different for a trader from the aspect of investment profitability. In this case, he can rely on the trading session timetable in order to orientate himself in a great many of current events which are presented on-line and permanently up-dated. Being at the peak of economic activity, traders can work clock round in accordance with the scheduled sessions.

In consequence of the economic downturn and instability, a massive managers quit is currently observed. More and more new employees come into the labor market, they often have a higher education and necessary skills to make analytical forecasts for the market. It is this kind of people who become traders today. And the trading session timetable of Forex market appears to be a good aid for them.

Take a look at the trading session schedule in the following table:

Region City Winter time
open/close
Summer time
open/close
ASIA Tokyo
Hong Kong
Singapore
03:00    11:000
04:00    12:00
04:00    12:00
04:00       12:00
05:00       13:00
04:00       12:00
EUROPE Frankfurt
Zurich
Paris
London
09:00    17:00
09:00    17:00
09:00    17:00
10:00    18:00
09:00       17:00
09:00       17:00
09:00       17:00
10:00       18:00
AMERICA New York
Chicago
16:00    24:00
17:00    01:00
16:00       24:00
17:00       01:00
PACIFIC Wellington
Sydney
00:00    08:00
01:00    09:00
00:00       08:00
01:00       09:00

Added by Evgeny Galaev,
Chief Manager of InstaForex Client Relations Department