Skip to main content

Forex is A Global 24-hour Market

The Forex market is unique in that traders can access a 24-hour market very conveniently, without having to wait for the markets to open. At any time, there is always a major financial center open where banks, hedge funds, corporations, and individual speculators are trading currencies. Traders can trade during anytime of the day or night, and do not have to wait for any markets to be opened before placing their trades. This is particularly beneficial to people who hold nine-to-five jobs since they can trade it without any problems in the evening or night. In stock or futures markets, you can only actively trade for less than 7 hours a day.

FX market GMT Indonesia
Tokyo Open 23:00 06.00
Tokyo Close 08:00 15.00
London Open 07:00 14.00
London Close 16:00 23.00
New York Open 12:00 19.00
New York Close 21:00 04.00

The market runs 24 hours for 5.5 days a week because markets around the world open and close at different times.
With the stock and futures markets, one would need to have access to electronic communication networks (ECN) for pre-market trading, or would have to wait till the markets open. The chances of the prices gapping up or down against you are high, especially if there have been news while the markets are closed.

Popular posts from this blog

Extreme TMA System

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression. The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For examp...
Read more

Forex is The Most Liquid Market On The Planet

According to the Central Bank Survey of the forex market conducted by the Bank for International Settlements, as at 2004, daily trading volume reached an all-time record high of $1.9 trillion, up 58% from 2001. Do you know that this humongous daily trading volume is about 20 times that of the New York Stock Exchange and the Nasdaq combined? With about 80 percent of foreign exchange transactions having a dollar leg, you don't have to worry about liquidity issues when trading any of the these big-economy currencies, which are namely, USD, GBP, Euro, CHF, JPY, CAD, AUD and NZD. However with stocks, futures, options or commodities, you tend to be restricted by their illiquidity especially during after-hours.
Read more

AvaTrade - The Best Forex Trading Experience

AvaTrade has been an innovative pioneer in online trading since 2006. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the on-line experience for retail traders. Within a few short years, AvaTrade has expanded enormously, with over twenty thousand registered customers globally executing more than two million trades a month. The company's total trading volumes surpass $60 billion per month. AvaTrade's user-oriented perspective, combined with solid financial backing, is unique in the field of on-line trading. From its 24-hour multilingual support desks to its broad range of platforms and services, AvaTrade has created the optimal trading environment for every level of trader. AvaTrade's wide scope includes a full spectrum of trading instruments including Forex, stocks, commodities and indices. Ava is a multi-national company with regional offices and sales centers in Paris, Dubli...
Read more