Toronto Traders’ Playbook: Forex Trading And Mining Tips For Easy Profits

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Toronto Traders’ Playbook: Forex Trading And Mining Tips For Easy Profits – The forex market is actually open 24 hours a day, 5 days a week (on weekdays), and is closed on weekends. The market opens at 5:00 PM EST on Sunday, and closes at 5:00 PM EST on Friday, meaning that the market is open for 120 hours and closed for 2 days (48 hours) from Friday to Sunday. night (EST).

Since people all over the world trade in this global financial market, the market is open for trading to everyone, regardless of their time zone. every part of the world. In addition, there are different levels of volume and volatility in the FX market depending on the forex session you are currently in.

Toronto Traders’ Playbook: Forex Trading And Mining Tips For Easy Profits

Toronto Traders' Playbook: Forex Trading And Mining Tips For Easy Profits

Trading hours may change depending on whether daylight saving is in effect, or whether it’s a holiday. This means that in countries and regions that use daylight savings, the time will be set back an hour during the winter and will return to normal during the summer months. To keep this article simple, we’ll cover all times using Central Time (see the DST vs Standard Time diagram below).

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As mentioned above, the forex market officially opens on Sundays at 5:00 PM EST, Mondays at 8:00 AM AEST in Sydney, Australia. As for how long the forex markets are “open” for your particular session it depends on the session you want to trade. There is no official open in every session, but there are some important moments where you will see volume jumps and fluctuations in each session.

The forex market closes on Friday at 5:00 PM EST, which is 10:00 PM GMT in London, or on Saturday at 8:00 AM AEST in Sydney Australia. When the forex market closes, it means you cannot trade, and there is no real trading activity going on for the rest of the week. The only markets that trade on weekends are the cryptocurrency markets.

There are three main forex trading sessions starting with the Asian session (which for the sake of simplicity we will combine Asia and Australia), then the London/European session, and finally the American session commonly called “New York. session”

Besides, there are special sessions on stock markets in major economic centers around the world, which is especially useful to know if you are trading stock indices, or trading stocks and shares themselves.

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As a trader, it is important to understand when the markets you trade open and close, and when you can expect volume to enter the market, so that you can capitalize on the movements, and protect your capital by holding trades in certain areas. times during the day or session, whether it holds in the first 15 minutes of the New York Stock Exchange open when you sell the DOW or NASDAQ, or you stay out of positions in the main pairs during the Asian session when you know that there are high chances. if the volatility of the London session can stop you without your orders!

The Asia session includes all of Asia Pacific including North Asia, East Asia, and South Asia including Australia and New Zealand. This session tends to have generally lower volume for most major pairs with the exception of pairs trading in the Japanese Yen, Australian Dollar, or New Zealand Dollar. In addition, this is the session where you will typically see Asian and Australian stocks and indices take volatility because they are traded in this session.

The Asian session officially opens on Mondays at 8:00 AM AEST in Sydney, Australia or 6:00 AM JST in Tokyo, Japan. This means that Asia opens on Sunday evening at 5:00 PM EST in New York City, New York or Sunday evening at 10:00 PM GMT in London, England.

Toronto Traders' Playbook: Forex Trading And Mining Tips For Easy Profits

The Asian session closes at 4:00 PM AEST in Sydney Australia which is 4:00 PM JST in Tokyo, Japan, Monday morning at 1:00 AM EST in New York City, New York or Monday morning at 6:00 AM GMT. London, England.

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The Australian Stock Market opens at 10:00 AM AEST in Sydney Australia which is 9:00 AM JST in Tokyo, Japan, Sunday evening at 7:00 PM EST in New York City, New York or Monday morning at 12:00 AM GMT. London, England. The most popular index is the S&P/ASX 200 (XJO) on the ASX.

The Australian Stock Market closes at 4:00 PM AEST in Sydney, Australia which is 4:00 PM JST in Tokyo, Japan, Monday morning at 1:00 AM EST in New York City, New York or Monday morning at 6 :00 A.M. GMT London, England.

The Tokyo Stock Market (TSE/TYO) opens at 9:00 AM JST for the morning session, then a lunch break from 11:30 AM to 12:30 PM before trading resumes for the afternoon session. The most popular index on the Tokyo Stock Exchange is the Nikkei 225 Index fund (NIK).

This means that the Tokyo Stock Market opens at 10:00 AM AEST in Sydney, Australia, Sunday evening at 7:00 PM EST in New York City, New York or Monday morning at 12:00 AM GMT in London, England .

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The Tokyo Stock Market closes at 3:00 PM JST in Tokyo, Japan, 4:00 PM AEST in Sydney, Australia, Monday morning at 1:00 AM EST in New York City, New York, or 6:00 AM GMT e. London, England.

The London session (which meets the European session) is where the big numbers start to take on the market, and where you will start to see the increase in volatility in all major pairs, as well as UK and European stocks and indices. One thing to note is that most major European markets are an hour ahead of London which means you may see a spike in volatility an hour before the “forex” London Open.

The London session opens at 8:00 AM GMT in London, England, 3:00 AM in New York City, New York, 5:00 PM JST in Tokyo, Japan, and 6:00 PM AEST in Sydney, Australia. Also, this is the first session of the day where large volume pumps in the forex markets and creates great volatility in the currency markets.

Toronto Traders' Playbook: Forex Trading And Mining Tips For Easy Profits

The London session closes at 5:00 PM GMT in London, England, 12:00 PM EST in New York City, New York, 2:00 AM JST in Tokyo, Japan, and 3:00 AM AEST in Sydney, Australia. At this time the volume of the forex market is about a third of its peak world volume from NY open.

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The London Stock Exchange (LSE) opens at 8:00 AM GMT in London, England, 3:00 AM in New York City, New York, 5:00 PM JST in Tokyo, Japan, and 6:00 PM AEST in . Sydney, Australia. The most popular trading instrument on the London Stock Exchange is the FTSE (Financial Times Stock Exchange 100 Index).

The London Stock Exchange (LSE) closes at 4:30 PM GMT in London, England, at 11:30 PM EST in New York City, New York, at 1:30 AM JST in Tokyo, Japan, and at 2:30 AM AEST . Sydney, Australia. As time approaches the LSE close, you will tend to see a decrease in volume in UK stocks, indices, and other traded instruments.

The Frankfurt Stock Market (FSE) opens at 9:00 AM CET in Frankfurt, Germany, at 8:00 AM GMT in London, England, at 3:00 AM EST in New York City, New York, at 5:00 PM JST in Tokyo. , Japan, or 6:00 PM AEST in Sydney, Australia.

The best-selling tool of the FSE will be the DAX performance index (DAX), which as of 2021 has 40 of the largest and most active companies in Germany.

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Sometimes you will see the volume in the forex market take volume and volatility as early as an hour before the Frankfurt Stock Exchange opens, so it is better to be ready to look for trades in advance if you are trading the London Session.

The Frankfurt Stock Market (FSE) closes at 5:30 PM in Frankfurt, Germany, 4:30 PM GMT in London England, 11:30 AM in New York City, New York, 1:30 AM JST in Japan , or 2:30 AM AEST in Sydney, Australia.

The New York session undoubtedly has the most volume and volatility that you will see in all the main pairs in the forex market because it is connected to London and European forex sessions. If you also consider that the largest market in the world is the New York Stock Exchange based on the stock market, it makes sense that you will see US stocks and indices move a lot during the session and any USD forex. crosses.

Toronto Traders' Playbook: Forex Trading And Mining Tips For Easy Profits

The New York session opens at 8:00 AM EST in New York City, New York, 1:00 PM GMT in London England, 10:00 PM JST in Tokyo, Japan, and 11:00 PM AEST in Sydney Australia.

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Also, this is considered one of the high volume forex sessions because it overlaps with the London session.

The New York session closes at 5:00 PM EST in New York City,

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