Automated Forex Robot

Forex Trading Hours

All times Forex Market begins Monday morning in Sydney, Australia and will end on Friday afternoon New York. During this time trading Forex part takes place somewhere on the planet around the clock.

Because Forex trading is not so the weekend can not be called a twenty-four to five operation. If you feel that you have to know the exact hours of operation, you will have to account for the varying time zones. It is not difficult to do if you are using UTC. UTC stands for Coordinated Universal Time, which was called Greenwich Time. It is zero degrees longitude on the plant, and is located in Greenwich, London and is based on the standard (winter) time.

This means, the foreign exchange market opens at 22:00 UTC on Sunday and ends at 22:00 UTC on Friday. Therefore, it is 10:00 in the UK for winter. With New York is 5 hours earlier, then the foreign exchange market in the United Kingdom will open and close at 5 pm on Sunday and Friday New York, which makes then 14 hours on the west coast of the United States, Germany, 11 h, and in Sydney it is 8 pm, Monday to Saturday.

If you do head still can not hurt, so watch the daylight savings time summer time. This creates a difference of one hour in some countries that do not observe. Keep in mind that the time of the DST are different in the southern hemisphere like Australia their time was running from September to March while the word North from March to September.

Here is a brief summary major currencies in different markets UTC

London: 8:00 to 5:00 p.m. UTC
New York: 1:00 p.m. to 10:00 p.m. UTC
Sydney: 10:00 p.m. to 7:00 UTC
Tokyo: 12-9 pm to midnight UTC

In Eastern Standard Time (U.S.):

London: 3 pm to 12 pm EST
New York: 8 am to 5:00 p.m. ES
Sydney: 5 pm to 2 pm EST
Tokyo: 7 am to 4 pm EST

If you look at the times above you will notice that this coverage gives 24 hours.

Now, just because the foreign exchange market is open does not mean in any way that any time is good for trading. one time or another major market opens, the price can be very unpredictable and volatile. Many traders will not enter the currency market, also long as an hour up to four times during the day when a new major city is opening.

It is no question that the United States dollar is the most active being traded, it is two and a half times the trades like the euro, which comes to second. This is reflected by the fact that the events unfolding in the U.S. have a much greater impact on financial markets that the events taking place in other countries.

The New York Forex market will tend to fade about three hours from New York (8 pm UTC) and if you are trading U.S. dollar a pair, you might consider terminating your trading for the day.

If we look at the schedule of hours of trading forex can theoretically trade for 24 hours a day for 5 days. The use of automated software robots called "robot Forex> make this a reality.

Most sales experience with or without robots choose their time to be in the market and do are not active at all hours of forex trading.

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Forex Technical Update 8/10/2010 – USD Technicals Ahead of the FOMC Statement