The reason for the market to be open round-the-clock is that it consists of a network of financial institutions and retail brokers from all over the world in other words it is an OTC over-the-counter market.
The Forex market follows the sun around the world with opening of financial centres in different time zones starting from Asia and finishing in America. Opening times of the main trading sessions are:. The indicated time is approximate because of the over-the-counter nature of the Forex market.
Such division of the market into trading sessions allows traders to determine their own individual trading time. The important thing that should be mentioned is that all sessions have their own features and peculiarities. For instance, Tokyo trading session is the first major market that opens and many market participants try to evaluate the dynamics of the market for the whole day and determine their trading plans.
London trading session is the largest in volume and number of transactions. This affects the market volatility so it is the time of active market movements. New York trading session is least active, but very liquid. Besides, during the time when the London session has not yet closed and the New York session is already open the majority of deals are executed. Trading session for contracts for difference coincides with the New York Stock Exchange working hours. All Clients should take into account while trading CFDs that opening pending orders are good-for-day.
Though Stop Loss and Take Profit orders remain valid and are transferred to the following trading session day. No matter which market you prefer we guarantee live market prices, reliable software and secure and quality order execution at your requested price! Speculative trading with currencies and CFDs carries a high degree of risk to capital. You may loss the whole deposit for short run.
You should not start up trading with real money if you do not have a possibility to loose it. Before depositing funds consider carefully your financial knowledge and appetite for risk. Home Trading Trading terms Market hours.More...