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Forex 24 hour market

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forex 24 hour market

The foreign exchange forex market is open and active 24 hours a day from Monday morning in New Zealand through Friday night in New York. At any given moment, currency trading desks in dozens of global financial centers are open and active in the market. There is no officially designated starting time to the trading day or week, but for all intents the market action kicks off when Wellington, New Zealand, the first forex center west of the International Dateline, opens on Monday morning local time. Depending on whether daylight saving time is in effect, it roughly corresponds to early Sunday afternoon in the Americas, Sunday evening hour Europe, and very early Monday morning in Asia. The Sunday open represents the starting point when currency markets resume trading after the Friday close of trading in North America 5 p. This is the first chance for the forex market to react to news and events that may have happened over the weekend. Prices may have closed New York trading at one level, but depending on the circumstances, they may start trading at different levels at the Sunday open. The risk hour currency prices open at different levels on Sunday versus their close on Friday is referred to as the weekend gap risk or the Sunday open gap risk. A gap is a change in price levels where no prices are tradable in between. As a strategic trading consideration, individual traders forex to be aware of the weekend gap risk and know what events are scheduled over the weekend. You just need to be aware that the risk exists and factor it into your trading strategy. On most Sunday opens, prices generally pick up where they left off on Friday afternoon. Market opening price spreads forex be much wider than normal because only Wellington market hour trading desks are active at the time. When banks in Sydney, Australia, and other early Asian centers enter hour market over the next few hours, liquidity begins to improve and price spreads begin to narrow to more normal levels. ET forex Sundays, when sufficient liquidity enables the platforms to offer their normal price quotes. Toggle navigation Search Submit. Learn Art Center Crafts Education Languages Photography Test Prep. RELATED ARTICLES Foreign Exchange Markets: Trading For Hour Cheat Sheet. Trading Websites market Check Out. How to Use Fundamental and Technical Analysis in Trading. How market Develop Your Own Trading System. forex 24 hour market

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