FOREX Trading Market Hours

forex trading education

The spot FX market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.


Time Zone - Tokyo Open, New York - 7:00, GMT - PM 0:00
Time Zone - Tokyo Close, New York - 4:00 AM, GMT - 9:00
Time Zone - London Open, New York - 3:00 AM, GMT - 8:00
Time Zone - London Close, New York - 12:00 PM, GMT - 17:00
Time Zone - NY Open, New York - 8:00 AM, GMT - 13:00
Time Zone - NY Close, New York - 5:00 PM, GMT - 22:00

forex trading education

What is FOREX?

forex trading education

Why forex market?
The Foreign Exchange market is known as the Forex or FX market. It is an international foreign exchange market, where money is sold and bought freely and has become the world's largest financial market, with over $1.5 trillion USD traded daily. Forex is part of the bank-to-bank currency market known as the 24-hour Interbank market. Transactions are conducted all over the world via telecommunications 24 hours a day from 00:00 GMT on Monday to 10:00 pm GMT on Friday. Therefore, it gives the investor the prerogative to open or close a position at will.

What are the advantages of Forex?
Forex is open 24 hours a day.
Forex is the most liquid market in world.
A 100-to-1 leverage reduces the need for large amounts of capital.
MoneyForex does not charge any commission in executing a forex trading order.
No restrictions on shorting which allows you to enjoy profit opportunities during any market condition.
No Pattern Day Trading rule.
You can day trade with very low account balances.
You can open a little account.

What Does It Mean Have A 'Long' Or 'Short' Position?
A long position is one in which a forex trader buys a currency at one price and aims to sell it later at a higher price; the investor is benefiting from a rising market. A short position is an investment position that benefits from a decline in market price. The risk of having either long or short position will be the same.

What Is A Stop Loss Order?
A stop loss order is an order type whereby an open online forex trading position is automatically liquidated at a specific price. For example, if an investor is long EUR/USD at 1.2560, they might wish to put in a stop loss order for 1.2500 to limit the loss. Often used to minimize exposure to losses if the market moves against an investor's position

What is a pip?
The smallest unit of price for any foreign currency. Digits added to or subtracted from the fourth decimal place,( 0.0001) in EUR/USD, USD/CHF and GBP/USD. Also called Points. For example: If the USD/CHF move from 1.1820 to 1.1821 it is one pip.
Do you guarantee success? In life there are no guarantees, but what I can say is you will be a much better forex trader with me guiding you.

forex trading education