From Debt Into Retirement

From Monday morning in the Asian-Pacific time zone to the Friday close of business hours in New York, Forex trading hours are 24 hours a day. Forex trading hours are open at any given moment depending on the time zone. Currency trading choices are dependant a lot on when the particular currency centre is open, whether it is London, Tokyo, Sydney or New York.

Forex market trading hours basically kick off when Wellington in New Zealand, which is the first financial centre west of the international date line, opens on Monday morning, local time. Whether daylight saving time has and where it has taken effect in you’re time zone, it generally corresponds to early Sunday afternoon in North America, Sunday evening in Europe and very early Monday morning in Asia. The Sunday open represent the resumption of trading after Forex trading closed on Friday in North America at 5 p.m. eastern time. This is also the first time the Forex trading markets can react to news that happened over the weekend. Closing prices at the Friday New York close could be totally different to the Sunday open, depending on circumstances.

As said before the Asian-Pacific session kicks off the trading day and involves; Wellington, New Zealand; Sydney, Australia; Tokyo, Japan; Hong Kong and Singapore. About halfway though the Asian trading day European financial markets open and take note because European financial centers and London account for 50 % of total trading volume. Asian Forex market trading hours begin to wind down in the late morning trading hours of the session in Europe.

The start of the North American Forex trading hours coincide with the first financial data reports released which are around 8:30 a.m. eastern time in the US. In Canada the release of financial data reports are between 7 and 9 pm eastern time. European financial centers wind down their operation at around noon eastern time each day.

As obviously realized from the above information, if you are going to take part in online Forex trading, the currencies with which you are going to deal are dependent on where you live and your personal trading hours. Obviously if you are going to try, engage in as many different currencies as possible; you will need to keep some graveyard hours that will be keeping you up to all hours of the night. That is the nature of Forex trading and the market trading hours involved and just something that you will need to prepare for.