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New to Forex
Forex, the Largest Market in the World | |
The spot FX-market is unique worldwide compared to other trading markets. For banks and financial institutions, there is always a financial centre open around the clock, night and day, for foreign currency transactions. Trading is halted only for a short time on weekends. Foreign exchange markets basically follow the sun around the world, giving traders the flexibility to set the trading day for themselves.
Trading Times | ||
Time Zone | New York | GMT |
Start of trading in Tokyo | 7:00 PM | 0:00 |
End of trading in Tokyo | 4:00 AM | 9:00 |
Start of trading in London | 3:00 AM | 8:00 |
End of trading in London | 12:00 PM | 17:00 |
Start of trading in New York | 8:00 AM | 13:00 |
End of trading in New York | 5:00 PM | 22:00 |
Trading on the forex market opens every week on Sundays between 5:00 and 5:15 PM EST (New York Time) and is open continuously until the following Friday at 5:00 PM EST.
Pricing, order placement and confirmation can be done online or by phone.
