Sunday, January 22, 2012

When to trade currencies in the Forex market during the day

The Forex market is open 24 hours a day 5 day a week. The market consists of four markets New York, London, Tokyo and Sydney.

In London time the market in London opens at 8 in the morning and close at 5 in the afternoon. New York opens at 1 in the afternoon and close at 10 in the evening. Sydney opens at 10 in the evening and close at 7 in the morning. Tokyo opens at 12 at night and close at 9 in the morning.

The London and New York markets are open at the same time from 1 in the afternoon to 5 in the afternoon. The London market and Tokyo market are open at the same time from 8 in the morning to 9 in the morning.

The markets in Tokyo and Sydney are open at the same time from 12 at night to 7 in the morning.

When the markets are open at the same time there is more volume and trades and it give a better chance to win a profit.

At this link http://www.forexmarkethours.com/ at the end of the page is a free Forex Market Hours Monitor you can download. The monitor shows when the market is open in your time zone.

Interested in how to trade read my posts

How easy it is to trade - Step by step - And how to minimize risk in a trade
Trading Forex at PLUS500 using the trading strategy 123 trading signals

Or / and visit my Forex website. My Forex website contains the trading strategies

• The Fibonacci trading strategy
• And free Fibonacci calculators
• The alligator trading strategy

Visit my Forex website click on this link  Forex website

At my blog I use the online trading platform PLUS500. Further information about PLUS500 sign-up at PLUS500 and receive a sign-up bonus €25 / £20 (no deposit is required) and you are ready to trade at the PLUS500 trading platform.....Click on this link.

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