Forex club trading schedule. Forex trading session schedule
Knowing the schedule of trading sessions on Forex means being able to rationally distribute your efforts and effectively use opportunities and time. Trading sessions are periods of time when banks are open and actively trading. As you know, Forex trading hours are not limited and it operates around the clock. When evening comes in one point of the world and trading there closes, morning comes in another point and the local foreign exchange market begins to work. Sessions follow each other or partially overlap one another, so traders can trade at a time convenient for them. By logging into Forex at any time, you will find it in working order, except for Saturday and Sunday, when the stock exchanges in all countries have a day off. Forex also does not work on holidays, such as Christmas, New Year and Easter.
Knowing the schedule of Forex trading sessions is also useful because currencies behave differently in different sessions. Thus, the yen usually “comes to life” and begins to move actively during the Asian session, and trading in the euro intensifies during the European session. The rest of the time, sharp price movements are uncharacteristic for these currencies. The most “aggressive” of all - the American session - can greatly reduce or, conversely, strengthen its “native” dollar.
Due to the fact that the foreign exchange market involves so many countries from different time zones on Earth, Forex trading hours were previously usually calculated in Greenwich Mean Time (GMT) to eliminate confusion. Currently, the GMT standard is considered obsolete and UTC - Coordinated Universal Time is used instead. Server time in RoboForex differs from UTC by 2 hours (UTC+2). In the summer, due to the transition to daylight saving time, this indicator becomes equal to UTC+3.
Forex trading sessions schedule - Forex opening hours. Time zone UTC+2 (Eastern European Time, EET):
Region | City | Opening | Closing |
---|---|---|---|
ASIAN (Asia) | Tokyo | 2:00 | 10:00 |
Hong Kong | 3:00 | 11:00 | |
Singapore | 2:00 | 10:00 | |
EUROPEAN (Europe) | Frankfurt | 8:00 | 16:00 |
London | 9:00 | 17:00 | |
AMERICAN (America) | NY | 15:00 | 23:00 |
Chicago | 16:00 | 24:00 | |
PACIFIC | Wellington | 22:00 | 6:00 |
Sydney | 22:00 | 6:00 |
Each regional Forex market has its own characteristics.
Asian market - Forex opening hours
During this trading session, the most active transactions are in the exchange market of the American dollar against the yen (USDJPY), euro against the yen (EURJPY), euro against the dollar (EURUSD) and Australian dollar against the American dollar (AUDUSD).
European market - Forex trading hours
The trading schedule in Europe is much different from that in Asia due to the difference in time zones. Frankfurt opens at 8:00 CET, London at 9:00. At this time, trading is held in European financial centers. The volatility of the most popular currency pairs increases significantly after the start of the Forex trading session on the London market. Trading activity decreases somewhat towards lunch, but in the evening players are again actively making transactions. Changes in rates during the European trading session can be significant, since the bulk of funds are concentrated in Europe.
American market - Forex opening hours
The busiest Forex transactions begin with the opening of the New York session. During this Forex trading period, US banks begin their trading activities, and European dealers also return after their lunch break. The influence of European and American banks is approximately the same, so there are no significant changes compared to the European trading session on Forex. However, after the European market shuts down, volatility may increase. This is often observed on Friday evenings, before the weekend. The American session is more aggressive in trading than others.
The currency market operates 24 hours a day, from Monday morning to Friday evening. Due to the fact that different countries are located geographically in different time zones, but you have to work with currencies constantly, the Forex exchange operating schedule is designed in such a way that it is open around the clock, unlike, say, stock exchanges.
Traditionally, the foreign exchange market is divided into opening hours of 4 main trading sessions:
- extremely calm:
Which, in turn, consist of separate Forex exchanges, whose operating hours also differ.
Why know the time (schedule) of trading sessions on the Forex exchange?
Each of the Forex exchanges existing today has its own characteristic features that every trader needs to know and take into account when trading. By knowing the opening hours of Forex exchanges, or the trading session schedule, traders can trade more profitably, since by understanding what to expect from a particular pair of currencies, they can be more effective.
For example, in order to analyze important news and carry out successful trading operations based on it, you should clearly know the work schedule of each of the trading sessions, since at different times of the Forex exchanges, activity on them has large differences.
The time of exchange activity is initially calculated according to Greenwich Mean Time, abbreviated as GMT. Accordingly, the operating hours of Forex exchanges, or rather those that are located in different time zones, will change by a characteristic number of hours. Thus, the opening hours of Forex exchanges can be determined by Greenwich Mean Time, Moscow time or Moscow time, New York time, Tokyo time, and so on.
You can see the work schedule for all trading sessions, based on Greenwich, Moscow and New York in the table.
Now, let's look at the operating schedule of each of the Forex exchanges, and also learn about their features.
Opening hours of European Forex exchanges
Opening hours of European exchanges are, by and large, the working period of the European session. It is during this period that the largest number of opening and closing transactions occurs in the foreign exchange market.
And the capital of Great Britain, today it is the largest financial center, in which a huge number of the world's largest investors are concentrated. According to Greenwich, the work of European exchanges begins at 7:00, and if according to Moscow time, from 10 in the morning. The main trading participants here are players from German, French and English Forex exchanges located in the largest European financial centers:
- Paris,
- Luxembourg,
- Zurich,
- Frankfurt,
- London.
The opening hours of these Forex exchanges end at half past seven in the evening Moscow time. During the opening hours of European Forex exchanges, the peak of activity occurs approximately at 11 am Moscow time, just at this time players join the trading process. At the same time, the Forex market as a whole is experiencing the greatest volatility, since during this period the world's largest financial groups conduct the largest volumes of transactions with foreign exchange funds.
This activity is observed until approximately 13:00 Moscow time. It is during this period that brokerages carry out the main transactions, before going on a lunch break. Then the activity decreases slightly, but in the evening it increases again.
Since European countries have collected a fairly large amount of money supply, during the opening hours of Forex exchanges located in Europe, there is a significant fluctuation in rates. And here, during the operation of European Forex exchanges, the Eurocurrency, Danish krone, English currency, Swiss franc, and some other currencies around the world are most actively traded.
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Opening hours of American Forex exchanges
The working hours of the American stock exchanges are essentially the hours of activity of the American session. This trading session is represented by two, located in New York and Chicago. For these exchanges, the US dollar will be the underlying currency, so the release of important news regarding the United States affects all currency pairs. The working schedule of the American session, or rather the opening/closing hours of its exchanges - New York opens at 16:00 Moscow time, Chicago at 17:00 Moscow time.
But these exchange platforms close at 1:00 Moscow time, which is a very important factor.
In addition to the fact that during the active hours of the American session, trading is carried out by quite aggressive American hedge funds, the largest banks, all kinds of companies, firms and other institutions interested in the process of currency speculation. And at the same time, the exit is underway, and European dealers returning from their lunch break are joining the trade.
Also, one should take into account the fact that the closure of European Forex exchanges occurs at 19:30 Moscow time, and American financial platforms are still working, that is, at this time, US traders remain alone in the market and, in the absence of liquidity, can move currencies in the way that interests them.
In general, the opening hours of the US Forex exchanges are considered the “hottest”. Immediately with the opening of trading in New York, there is aggressive speculation in fairly large volumes and the market is saturated with liquidity. As mentioned above, the reason for this is the layering of the working hours of two sessions on top of each other (the European and American sessions coincide), and of course the intersection of the time at which important messages and reports are published - in the USA, this is the morning hours in Moscow, and in Europe - after lunch.
During the operation of the US Forex exchanges, the main currencies traded are: USD, GBP, JPY, CHF. Accordingly, the most popular quotes at this time are:
- GBP/USD, EUR/USD,
A little less:
- EUR/CHF, USD/JPY, etc.
Opening hours of Pacific Forex exchanges
Due to the fact that the opening hours of the Pacific Forex exchanges are the quietest period in the foreign exchange market, many traders do not consider the Pacific trading session to be a session as such. Although, as mentioned above, such a session exists and its work schedule must also be taken into account during trading on the stock exchange. The opening hours of all Pacific exchanges are usually the calmest in the foreign exchange market.
A distinctive feature of the work of these Forex exchanges is the lowest volatility when compared with other exchanges.
Why is this happening? The reason is the work schedule of the Pacific Forex exchanges.
Pacific Forex exchanges begin their work at 00:00 Moscow time and end at 8:00 Moscow time. As you can see, they have already closed at this time, and the time for activity in the Asian session has not yet come. Only the Forex exchanges of New Zealand and Australia remain on the market, so market activity is greatly weakened. Most speculators prefer to rest during the opening hours of these exchanges, at least until the opening of the Asian session.
In general, trading during the opening hours of the Pacific exchanges is recommended for novice speculators who do not yet have the necessary trading experience during the period of activity in Europe and America. Also, the opening hours of these Forex exchanges can be well used by those who trade with the help of advisors designed to work on flat trends.
Analysis of stock session operating hours using the clock service - 24h Stocktime
Opening hours of Asian Forex exchanges
During periods of operation of Asian exchanges, you can get quite good income, the main thing is to know what assets to use and choose the right one. In general, the working hours of the Asian Forex exchanges are the active hours of the Asian session. Here trading is carried out on the financial markets of Tokyo and, of course, Hong Kong and Singapore. Asian Forex exchanges start in Tokyo at 3:00 Moscow time. Next, sites in Hong Kong and Singapore will open. Trading on these exchanges ends at 12:00 Moscow time. Very often, the Asian trading session is combined with the Pacific one, it all depends on the broker chosen by the trader.
The peculiarity of Asian Forex exchanges is that they work in the morning, which is used by many speculators who have chosen trading strategies associated with gaps.
Throughout the rest of the week (except Monday), the work of Asian Forex exchanges is less active. The beginning of movements on these exchanges is observed at approximately 8:00 Moscow time, when the main financial centers concentrated in Europe enter the market.
During the operation of Asian Forex exchanges, their players reach the peak of trading processes approximately 11:00 – 12:00 Moscow time, when preliminary analyzes of price movement have already been made and deals are being actively concluded.
Forex exchange operating hours – what should you pay attention to when trading?
Having studied the opening hours of Forex exchanges, you most likely noticed that there are periods of time when trading is conducted in two sessions simultaneously. It is during this time of market activity that the highest activity in trading assets can be observed. It should also be understood that during any, even the calmest Pacific session, it is necessary to comply with all rules regarding risk management.
As practice shows, even when making good profits during the opening hours of Forex exchanges in Europe or the American trading session, making rash decisions during the activity of the Pacific session led to the loss of a significant portion of the deposit.
Opening hours of exchanges on New Year's holidays. When to take days off?
And in conclusion, we would like to note one more nuance. Although there is still some time before the New Year, many today are already interested in the question of how stock exchanges work on New Year's holidays?
When is it necessary to stop trading and disable trading robots?
Let us immediately note that in the USA and in a number of other Catholic countries the main holiday is not the New Year, but Christmas, celebrated on December 25. Most investment funds, banks and other market participants close their positions after December 20th and overall market activity declines.
Well, the brokerage company whose client you are should send you the most accurate opening hours of Forex exchanges and holidays during the New Year holidays.
Forex opening hours allow traders to trade at any time of the day. Currency transactions are carried out 24 hours from Monday to Friday. Saturday, Sunday and national holidays are non-working days.
Differences between stock exchange and over-the-counter exchange
The international financial market "Forex" opened in 1976, when states began free exchange of currencies in connection with the abolition of the "gold standard". The over-the-counter market ensured the movement of capital between countries and contributed to the preservation of the economy.
Participants in the foreign exchange market say “Forex exchange”. But this is an incorrect name for the item; the differences are presented in the table.
Entity | Interbank over-the-counter currency exchange |
Centralized site | Does not have a single platform |
State legislative regulation of stock, currency, futures, commodity, options markets. | There is no government regulation, the currency is traded at free prices |
There is a market order book, showing open interest and trading volumes | No information provided |
Trading takes place through a broker. The broker is interested in the number of transactions. The broker and exchange receive commissions on each transaction. The broker's interest is for the client to work on the stock exchange for as long as possible. | Relationships are built between the client and the dealing center. The center works as an exchange office; whatever price it wants, that’s what it will set. Interested in the client's loss. |
If the decision to trade currency is finally made, then you should establish relationships with licensed brokers who have access to legal trading platforms in Russia and the world - the Moscow Exchange, NASDAQ or NYSE.
Working hours of world exchanges
To create a Forex trading schedule for your own trading, you should know the schedule of currency exchanges in North America, Europe and Asia. It should be borne in mind that national holidays are non-working days only in the country where they are established. For example, Catholic Christmas is a working day for stock exchanges in the Muslim world.
The Asia-Pacific region's sites begin the day. For all exchanges, Forex operating hours are indicated in Moscow time.
- Sydney is open from 1am to 9am.
- Tokyo - from 3 am to 11 am.
- London starts at 10am and trades until 6pm.
- North American stock exchanges are the last to open in the day. The start of operations in New York is 4 o'clock in the afternoon, the end of trading is at midnight. In Chicago, the schedule is shifted by an hour: opening at 5 pm, closing at 1 am.
Optimization of trader activities
Knowledge of the operating mode of centralized trading platforms will allow you to optimize your working day and increase the effectiveness of your trade. Let's consider the operating hours of the world Forex exchanges in a complex.
- Sydney and Tokyo overlap from 3am to 9am.
- London and Tokyo operate simultaneously from 10 to 11 am.
- London and New York coincide in the evening from 16 to 18 hours.
- London and Chicago trade synchronously from 17 to 18 pm.
Forex trading hours Moscow time during crossing hours are the most productive for a trader. These intervals are characterized by a large number of participants and high daily transaction volumes. The largest currency transactions are made during the specified periods. The risk of making an unsuccessful trade is lower, and the chance of making a profit is higher.
A foreign exchange trader would love to have a Forex Clock on his computer desktop. They show how much is left before the start and end of trading on world exchanges trading currency pairs, and also display a banner on the screen about the closing and opening that has occurred.
News to help traders
Each day of the working week in the foreign exchange market has its own characteristics. The start of Forex trading on Monday in terms of volume, volatility and starting price is largely determined by the news background of the weekend.
A trader needs to know the release schedule of news about global events in the world for each region where exchanges are located. You should focus on the current trading charts an hour before the news announcement and an hour after the news release. Terrorist acts and local military actions, speeches by the head of the Federal Reserve System - these events have a strong impact on exchange rates, as they significantly affect the economy.
The hottest battles in the foreign exchange sector occur between 4 pm and 6 pm, when the exchanges of London and New York trade synchronously. Even a novice trader, if he carefully plays with small amounts, can make a profit during this period.
Holidays - for relaxation
Competent traders who have experienced financial ups and downs and have over 20 years of experience trading currencies, remind you to be careful when trading on holidays, since on holiday days there are a small number of participants and low trading volumes.
When choosing Forex, you need to start from the type of currency pair that the trader is trading. If your area of interest is the yen, then welcome to the Tokyo Stock Exchange. It is convenient to trade pairs "Australian dollar - yen", "euro - yen", "dollar - yen". On the charts you can see that the euro falls before the opening of the Shanghai Stock Exchange, and then begins to rise. The reason lies on the surface - with China they pay for exports in dollars, but they have to buy euros. It is rare, but there are cases of purchases of dollars by China.
So, a trader should have within his reach:
- operating modes of world exchanges;
- period of release of news blocks;
- calendar of events for the year: Federal Reserve meetings, tax payments, etc.
Compliance of schedules and mode
But it’s not enough to know Forex trading hours and a summary of political and economic news. The graphs should be examined to identify patterns. Each exchange has its own characteristics, each currency has its own periods of growth and depreciation.
An observant trader will note that on the exchanges listed above there is a period of silence - from 6 to 9 am Moscow time, when there are few participants and volumes are small. This is objectively explainable: Asia has finished trading, but Europe has not yet started.
The battle resumes at 9 o'clock and lasts until one o'clock in the afternoon. During these hours, news from continental Europe and Great Britain comes out.
The peak hour for foreign exchange trading is between 4 and 6 p.m., when North American exchanges, large funds, banks and wealthy traders enter the fray. On the chart of the dollar and the euro in the specified period, there is high volatility and growth of the dollar, while the euro usually falls.
But you should always remember the risks and make transactions carefully.
Trading and emotions
Here it is appropriate to recall the psychology of trading. Forex trading hours, as stated above, are 24 hours a day. But the trader needs to control the length of time he spends at the computer. It is enough to devote one hour a day to studying the rules of trading. Two hours to get acquainted with the news flow. Half an hour for a deal. You shouldn't turn into a slave of Forex. In life there is not only the foreign exchange market.
Speculation on Forex is not a completely correct strategy. Fundamental analysis helps determine currency movements. A long-term game will bear greater fruit than speculation.
If the game doesn't go well, you shouldn't win back. An unsuccessful trade should be analyzed, think about the correct choice of instrument for trading, and check the planned entry points again. And then it will not be the hours of Forex availability that will manage the trader’s capital, but the trader will manage time.
The point is that there is no centralized trading location, as happens, for example, on the stock exchange. All market participants (banks, investment funds, hedge funds, insurance companies, brokers, etc.) are located in different time zones around the world. As a result, exchange rates fluctuate constantly.
The official opening hours of the exchange are 24 hours a day, 5 days a week from 20:00 Sunday to 23:00 Friday (UTC/GMT). The exception is public holidays, when all financial institutions are closed. Unofficially, the forex market also operates on weekends, but due to low volumes and activity, it is very difficult to find liquidity providers for trading on the market. All financial transactions at this time occur mainly between various financial institutions, banks, and most often when absolutely necessary.
Conventionally, we can distinguish 4 temporary trading sessions: Pacific, Asian, European and American.
Each session has its own characteristic features, so it is important that every trader knows them and takes them into account in their trading in order to improve their profit indicators. Let's look at each time interval under a microscope:
Pacific: opens the market after the weekend, and its name speaks for itself. This is the quietest time on the market, a trading calm. Activity in the market is created by stock exchanges, banks in New Zealand and Australia. Due to the low volumes of financial flows, this session is very often added to the Asian one.
Asian: begins work 3 hours after the opening of the stock exchange in Wellington. Activity is moderate. The session opens with Tokyo, the financial center of Asia. It is not surprising that the number of trading positions on a pair such as USD/JPY at this time can reach 78% (compared to EUR/USD ≈ 15%). In addition to Japan, liquidity is also created by countries such as Hong Kong, Singapore, China, and India. The most volatile pairs: USD/JPY, GBP/JPY, AUD/JPY. Together, Asia and the Pacific regions account for 21% of daily volume.
European: when Asians are slowly curtailing their activity in the market, Europe comes to the podium. It's no secret that the strongest economy in the region is in Germany, the most stable is Switzerland, but the financial capital is in London, which accounts for 30% of the total volume. This is due to the strategic-geographical position of the city itself, which is like a conductor between Western Europe and the Eastern Atlantic, as well as the fact that London “manages” to participate in 3 trading sessions. But do not forget about countries such as France, Italy, Spain, the Netherlands, countries of the Near and Middle East, African countries - they all create not very large, but certain liquidity. The most popular trading pairs at this time are: EUR/USD, GBP/USD, EUR/GBP, USD/CHF, GBP/CHF, GBP/JPY.
American: the most important news, fundamental data, events fall during this period, and, as a result, the highest liquidity in the market. Do not forget that 80% of all trading positions include such a component as the US dollar. The world's largest financial center, New York, opens at 13:00 (UTC), when Europe returns from lunch. This is a time of increased trading activity on EUR/USD, GBP/USD, USD/CAD, USD/CHF, GBP/CAD. In addition to the USA and Canada, Mexico, Brazil and other countries in South and Latin America are adding to their trading volumes. In the US-Pacific period, AUDUSD and NZDUSD are traded more.
In conclusion, we present a table of the average price movement of the main currency pairs in points depending on the trading session.
"Time is money. As they say, when you see money, don't waste time. Strike the iron without leaving the cash register!” - said the boss in the “Diamond Hand”.
It turns out that the well-known phrase from the popular film perfectly describes the value of time in the work of world exchanges.
After all, along with the change of time zones, money literally revolves around the Earth: at any given time, somewhere people are sleeping soundly, and somewhere else there is active trading. And there is not a moment when at least some exchanges are not working. And don’t yawn here anymore!
Therefore, we read about the opening and closing times of various exchanges according to Moscow time and do not lose our money.
Exchange opening time Moscow time and Forex trading time
Forex trading is carried out around the clock, excluding weekends and some holidays, but there are several time periods that you need to pay attention to - the opening of Forex exchanges. It is necessary to know the time of trading or working on Forex, because at the moment the trading platform opens on the market (session), most often there is a sharp jump in the currency that is typical for this country.
All traders watch this very closely, since at these moments intraday movements are born, which most often give the direction of the trend.
There are 4 trading sessions - Asian, European, American and Pacific (Australian). Each of these exchanges opens and closes in such a way that they only overlap for an hour or two and generally allow 24/7 trading.
Schedule of opening and closing of exchanges (trading session times) Moscow time
It should be taken into account that the time in the table is given in Moscow and world time - GMT (Greenwich Mean Time). If you want to find out the opening time of exchanges in another region, you need to add the required hourly deviation to GMT time. The second thing we need to know is when the markets open on Monday, after the weekend, and when they close on Friday.
So, the start of Forex trading, as well as the opening time of exchanges, occurs on Monday, at 00:00 broker time - not Moscow time, not Greenwich time, but directly according to terminal time. Exchanges close for the weekend on Friday at 24:00 broker time.
Brokers have different hours and may open/close at different times. This must be taken into account when trading with advisors. Some brokers, such as Alpari, stop and start trading within 5 minutes. until the specified time.
Opening hours of the Moscow Exchange and opening of ruble trading
The Moscow Exchange opens at 10:00 and closes at 15:00 Moscow time. This is the time when the Moscow Exchange operates with various instruments. This concerns the operation of the exchange itself. As for trading the ruble on Forex, the trading time for the ruble on Forex occurs from 10:00 to 21:00 Moscow time.
Please note that the most active currency on the market at the moment is the one whose trading session is open. Trading is aggressive on all exchanges except the Australian one; at this time traders most often use scalping strategies, since low volatility makes it possible to conduct quiet trading.
Asian trading session
The Asian session opens at 3 am Moscow time and often sets the direction of the daily trend. The session closes at 12 o'clock. The center of trade is Tokyo, which is also the financial capital of Asia. During the start of trade in Asia, all banks, financial institutions and other institutions open.
The Japanese yen is one of the three most traded currencies on Forex and accounts for more than 20% of foreign exchange turnover. Below is a list of currency pairs traded during the Asian session - USD/JPY, AUD/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY, AUD/JPY, EUR/CHF.
The most active trading participants are the euro/dollar/pound/NZ dollar versus the Japanese yen. Usually this session is calm with little volatility.
This is often explained by the fact that Americans and Europeans are already resting after their hard day of work. The exceptions are important news, which is usually released around 3 am GMT (7 am Moscow time). This is where you need to be careful, the movements are often strong and prolonged. If you are using an intraday strategy and left an open position overnight, you need to check the Forex calendar and set stops.
European trading session
The European session is the most active of all. This is due to the fact that it overlaps with the Asian and American sessions. In addition, the largest financial funds and banks are localized in the UK. More than 30% of all transactions occur during this time. Exchanges open at 8 am GMT in London (11:00 Moscow time), closing at 17:00 (20:00 Moscow time).
The most active part of trading occurs in the first part of the trading session. Brokers conclude major deals before their lunch break. Then, according to the classics of the genre, there is a calm part, and closer to the close, strong jumps occur again - the opening of the American session.
All major currencies are traded - yen, dollar, euro, pound, franc. But the European session also accounts for the largest amount of news. Trading is very active at this time, intraday trend strategies are used, and news trading is also actively used.But keep in mind that at the end of the trading time the trend may change direction, as the majority of traders begin to take profits and withdraw money from the market. And the Americans can add fuel to the fire by throwing out some news.
American trading session
The American session opens at 13:00 GMT (16:00 Moscow time). But the opening of the exchange overlaps with the European one for several hours. And this is a rather hot time for trading, since the Americans have a large amount of funds and can actively move the market with them. Closing occurs at one in the morning Moscow time. Since most currency pairs have the dollar in them, trading is carried out on almost all pairs.
America also has a large number of large banks and speculators. Turning points and strong trend reversals are possible.
News usually comes out in the first half of the trading session and is especially strong. This time falls on 17-19 hours Moscow time. At this time, trading of American stocks takes place. Everyone is trying to sell or buy these pieces of paper. Then there is a lull, and it is possible to last until the end of trading.
If it happens on Friday, Americans take profits completely and almost never leave positions open for the weekend. So, on the last day of the week in the evening it is better to fix it, since on Monday morning trading may open with a gap.
Source: "finpamm.ru"
What time of day is best to make money on Forex?
All financial markets are tied to the working days of exchanges, on which, in fact, the purchase and sale of certain assets occurs. Such markets, like many enterprises and institutions, operate on a five-day work week. That is, from Monday to Friday, with two days off - Saturday and Sunday.
The foreign exchange market we are considering is no exception. In fact, the Forex opening on Monday occurs early in the morning, an hour or two after midnight, and the Forex closing on Friday occurs along with the last American trading floors, when we already have the beginning of Saturday.
In order to trade successfully, you should know when trading occurs in the exact session when you are going to make money. Naturally, each trading session has its own characteristics, which we will try to highlight. There are three main trading sessions: Asia-Pacific, European and American. Let's take a closer look at them.
Asia-Pacific trading session - when the Forex market opens
Trading begins on Monday at the stock exchange in Wellington, New Zealand. This happens in summer at 2 am Moscow time or on Sunday at 22.00 according to the so-called world time - Greenwich Meridian Time (GMT), which is often used as the default time for financial markets. An hour later the stock exchange in Sydney joins, and after another 2–4 hours Tokyo, Hong Kong and Singapore are actively involved in trading.
Trading during these hours is not the most active. But there are exceptions, in the form of the release of important news in Japan. Active players during this session are Australia, Japan and China. Based on this, currency pairs containing the yen, Australian and New Zealand dollars show the greatest volatility.When China enters trade, you need to watch this period very carefully. If the euro/dollar pair is actively growing in price at this time, with a high degree of probability we can assume that this growth will continue at least until the start of the American session.
The reason for this is the fact that China is the world's largest owner of American currency, with the exception of the United States. And if he begins to get rid of it in favor of the euro, then this leaves an imprint on the entire trading day.
Opening time of Forex trading in Europe and features of trading during this session
At 8.00 Moscow time, exchanges in Frankfurt, Paris and Zurich begin their work, an hour later they are joined by one of the world's largest exchanges - London. Often during this session, trading is lively and currency pairs with the euro, British pound and Swiss franc are actively traded. The trader needs to pay special attention to the release of important news in the Eurozone, and especially in the UK.
This news can create a real “rally” in the foreign exchange market. They leave at approximately 13-14 hours MSK.
The European trading session is usually characterized by a change in the Asian trend, which often continues the trend set by America. Also, this session is characterized by an increase in the price of the euro. Of course, this is true in the absence or in the case of positive news in the Eurozone.
However, if you are trading pairs with the British pound, then you should wait for news from the UK, if any comes out today. Price jumps sometimes reach 100-150 points per session, so you need to be careful.
The greatest activity during this session is observed in the first 3-4 hours after the opening, after which a decline in trading activity begins, which coincides with the lunch break on these exchanges. Activity on the sites returns with the entry into the game of the North American exchanges.
What time does the Forex market open in North America?
From 16.00 Moscow time, trading opens in Toronto and New York, and an hour later in Chicago. The North American trading session is considered the most aggressive and most volatile. Many traders, regardless of where they live, trade only on it and make good money at the same time. Most often, there is a lot of activity in the euro/dollar, pound/dollar, dollar/Swiss franc and Canadian dollar pairs.
At 16.30, important economic news is usually released, after which trading on the market rapidly intensifies. Such active trading is observed for about 4 hours, after which there is a decline. This is due to the fact that American exchanges close for a break and brokers go to lunch, while European exchanges finish their working day by this time.
After 20.00 Moscow time, only American exchanges remain open on the entire foreign exchange market. Given that the market is quite thin at this moment, they can dramatically change the exchange rate of any pair if a large investor enters the market. Although, most often, trading during these hours is relatively calm.The exception is the days when the Fed meets and announces its decisions at 22.15 MSK. This factor can cause sharp fluctuations in the market. The closure of the financial market occurs along with the closure of the Chicago Stock Exchange at 1.00 Moscow time (in fact, already on Saturday). There is no trading over the weekend and the Forex market is closed again until Monday, when the Wellington exchange opens.
Knowing the opening hours of different sessions of the global foreign exchange market can help a trader not only decide on the time that needs to be devoted to analyzing the market situation and trading, but also understand which currency instruments are best to work with at one time or another.
Source: "pasprofit.ru"
Trading session schedule
The Forex market is open 24 hours a day from Sunday to Monday through to Friday and Saturday. Brokers' opening hours may vary slightly.
To rationally distribute your efforts and make the most effective use of the time and opportunities provided by the international currency market FOREX, you need to clearly understand the mechanism of its operation, and also know when and where you can expect the start of its movement, the time of trading sessions, a decrease in activity, and even breaks for lunch at the world's leading stock exchanges.
You need to pay attention to the timing of the release of the main economic indicators of leading countries, such important events as speeches by VIPs of the financial market, such as Alan Greenpeace, the former head of the Federal Reserve; Ben Bernanke, current governor of the US Federal Reserve; heads of the central banks of leading countries and other financial news makers.
However, one should not pay excessive attention to this and think that, having learned some news (unless, of course, this news is of some catastrophic or global nature, such as the start of a war, the September 11 terrorist attack, etc. ), You can get ahead of the market and quickly make the right bets.
No matter how sophisticated the software and access to news streams you have, it is doubtful that even through the Internet you can have faster and more reliable information than that possessed by the large players in the Forex market.
And even more so, you are unlikely to be able to possess insider information. Therefore, any news that you learned via the Internet, the market probably already knows. Therefore, your task remains the same: to follow the market, and not try to get ahead of it. Moreover, it very often happens that the market’s assessment of some news is belated, inadequate, and directly opposite to what could be expected.
However, knowing the reasons why the market moves, and even more so, being prepared for the fact that the market may move on certain days and hours, is undoubtedly necessary and useful. After all, no normal person is able to “be on alert” 24 hours a day, especially five days a week, when Forex works and gives us the opportunity to earn money.
In all time zones, in any of the world's major trading centers (London, Frankfurt, New York, Tokyo, Hong Kong, Sydney, etc.) there are dealers ready to immediately provide you with the opportunity to enter the market. The Forex market trades between $1 trillion and $3 trillion a day, providing virtually unlimited liquidity.Due to the huge daily turnover and constant 100% purchasing power, the Forex market cannot be compared with any other market in the world in terms of reliability, dynamism, earning potential and excitement. The working day of foreign exchange dealers of Western commercial banks usually begins at 7.30 am local time.
At 8.00, dealers are already actively concluding deals. The morning half hour is usually devoted to a brief analysis of the events that took place in the world currency markets by the time work began. Dealers use economic and technical analysis of market behavior, read analytical articles in the press, exchange points of view, as well as fresh rumors with each other and with dealers of other commercial banks.
Based on a variety of data, a picture of the possible behavior of the exchange rate for the coming day is gradually emerging with different options for the probability of certain events. By eight o'clock in the morning, the market, consisting of individual dealers, develops behavioral tactics as a whole and begins to join in the operations of the world foreign exchange market, giving a new energetic impetus to the movement of the exchange rate.
Far East
Here, the most active transactions are in the market of conversion operations of the dollar to the Japanese yen, the dollar to the euro, the euro to the yen and the dollar to the Australian dollar. Exchange rate movements are often small at this time, but there are days when currencies, especially the dollar against the yen, take dizzying flights.
Typically, these are the days when the Japanese central bank carries out foreign exchange intervention. In Moscow at this time it is night and morning: until noon in Moscow you can work with Tokyo, until lunch with Singapore.
Western Europe
At 7.00 GMT (10.00 Moscow time) the market opens in the European financial centers of Zurich, Frankfurt, Paris, and Luxembourg. However, the truly strong movement in the dollar exchange rate against major currencies begins after 11.00 Moscow time, when the London market opens.
This usually lasts for two to three hours, after which the European bank dealers go to lunch and market activity decreases slightly.
North America
The situation picks up again with the opening of the market in New York at 13.00 GMT (16-00 MSK), when dealers of American banks begin their morning work, and European dealers return from lunch. Currency dealers are eagerly awaiting the opening of the New York market to get fresh data on possible exchange rate movements (especially if the European market has been sluggish).
After the European market closes (around 17.00 GMT 20-00 MSK), aggressive American banks, left alone in the “thin” market, can lead to a sharp change in the exchange rate of the dollar to other currencies.
The American and Asian sessions are the most aggressive, and the largest volume of transactions occurs in the European session. The New Zealand and Australian sessions are considered the calmest.
The most active period for trading the Japanese yen is from 3:00 to 10:00 (Moscow time everywhere). For European currencies there are two periods of activity: from 11-00 to 15-00, and then - with the opening of the American session - from 16-00 to 20-00, less often - until 22-00.
Be extremely careful and do not succumb to market provocations on Mondays: according to statistics, it is on these days that the activity of non-professional market participants is great, trying to make up for what they think is a respite from the weekend.
If you play on intraday charts, do not risk leaving open bets on the weekend, and especially on holidays, since very often after the weekend, if something happened during this time, the market may open at a completely different price, “with a gap” and a stop loss will not save you, since the broker will close your transaction at the opening price, which can “eat up” your deposit.During periods when the majority of large market participants wind down their business and leave the market, you may encounter a phenomenon where the remaining players use this situation of a “thin market” to swing it and short-term speculation, which they would never be able to carry out during periods of activity of other participants — there simply wouldn’t be enough resources.
There is no need to be surprised when, for example, two or three hours before closing on Easter, the market suddenly, without any apparent reason, rushes into the sky. As soon as the big players come to the market after the holidays, the balance will be restored. But someone will pocket several hundred million dollars before the holidays.
If you, understanding what is happening, join this celebration of good luck and stop in time, you can only be congratulated.
However, if you believe in this trick in the last 15 minutes before closing, and leave the bet in the hope that “the market simply did not have time to go further due to the holidays,” there is a very high probability that after the holidays your account will be greatly relieved. Of course, this is just one example of how important it is to understand what is happening in the market.
Time Zones
Time zones are counted from the prime meridian, passing through Greenwich (a suburb of London). Time is called world time or GMT. Depending on the season (summer or winter), the time in various financial centers of the globe will differ from GMT world time by a different number of hours.
Source: "optima-finance.ru"
Exchange opening hours
The Forex market is open 24 hours a day, from midnight Sunday-Monday to midnight Friday-Saturday. Brokers' work schedules may differ slightly from each other.
To rationally distribute your forces and effectively use the time and opportunities provided by the international currency market FOREX, you need to understand the mechanism of its operation. You need to know when and where you can expect the start of price movement and a decrease in activity, the time of trading sessions.
You need to pay attention to the release time of the main economic indicators of leading countries, to the speeches of VIPs of the financial market: Alan Greenpeace (former head of the Federal Reserve System), Ben Bernanke (current governor of the US Federal Reserve System), heads of the Central Banks of leading countries.But you should not think that, having learned some news (unless, of course, this news is of some catastrophic or global nature, such as the start of a war, the September 11 terrorist attack, etc.), you can get ahead of the market and quickly place the right bets.
No matter how sophisticated the software and access to news feeds you have, it is unlikely that you can have faster and more reliable information than what the major players in the Forex market have. Moreover, you are unlikely to have insider information.
Conclusion: any news that you learned via the Internet, the market probably already knows. Therefore: Your task is to follow the market, and not try to get ahead of it.
But nevertheless, it is undoubtedly necessary to know the reasons why the market moves and be prepared for the fact that the market may move on certain days and hours.
The Forex market has a daily turnover of between $1 and $3 trillion, while providing virtually unlimited liquidity. Due to the huge daily turnover and constant 100% purchasing power, the Forex market cannot be compared with any other market in the world in terms of reliability, dynamism, earning potential and excitement.
The working day of foreign exchange dealers of Western commercial banks usually begins at 7-30 am local time. At 8-00 dealers are already actively concluding deals. The morning half hour is usually devoted to analyzing the events that took place in the world currency markets by the time work began.Dealers use economic and technical analysis of market behavior, read analytical articles in the press, exchange points of view, as well as fresh rumors with each other and with dealers of other commercial banks. Based on a variety of data, a picture of the possible behavior of the exchange rate for the coming day is gradually emerging with different options for the probability of certain events.
By eight o'clock in the morning, the market, consisting of individual dealers, develops behavioral tactics as a whole and begins to join in the operations of the world foreign exchange market, giving a new energetic impetus to the movement of the exchange rate.
Strategically important trading moments in a day
Various territorial markets can be given the following characteristics of work during the day (hereinafter, the time is indicated in GMT):
- Sunday 20:00 - start of trading (in European DCs - post-Friday rollback, it is better to be at the terminal).
- 20:00 - the beginning of the trading session in Wellington, nothing special is happening, trading is sluggish.
- 22:00 — Sydney opens, trade is slowly gaining momentum before the opening of Tokyo (before Tokyo, feel free to place two bets in different directions with TR of 5 - 10 points).
- 24:00 - trading begins in Tokyo, trading is becoming dynamic, it is worth taking into account the fact that there are corporate relations between Asian investors, they act harmoniously and clearly, if they go in the same direction, then all at once.
- 01:00 - opening of Singapore, dynamics are increasing due to the approaching opening of 2 giant exchanges - in Shanghai and Hong Kong; before the Chinese session, the euro usually declines until the opening of Shanghai and Hong Kong.
- At 01:00 - 01:30 before Chinese trading, the euro most often goes down, but there are exceptions, so be careful.
- At 01:30 - trading begins in Shanghai and Hong Kong, large-scale trading usually begins, the entire Asia-Pacific region trades.
- From 01:30 to 02:30 - the euro usually goes up within an hour.
- From 02:30 to 06:00 - transactions may be in different directions for EURUSD, because Asian exporters convert part of their profits into both dollars and euros.
- At 06:00 - Tokyo closes, if the Euro was actively falling until this moment, then after Tokyo closes, the Chinese drive the Euro up.
- From 06:00 to 07:00 - “Chinese hour” in the market, the Chinese and Singapore do what they want. At this time the Euro usually rises.
Asia is a huge commercial and industrial region, an abundance of high-quality and inexpensive goods, gigantic finances in circulation; Accordingly, there are a lot of bets on the exchanges. Therefore, bets placed at the London open should be monitored after the Asian region exits trading.
- At 08:00 - the opening of London and the European exchanges; according to observations, Euro sales often prevail in the first hours.
- At 09:00 - Singapore closes and the end of the Asian session: immediately or within an hour there is a breakthrough in the Euro, a trend change (usually) until 11:30.
- At 09:00 - the Euro jumps immediately or a little late, no one bothers the Europeans, Asian stops usually get knocked down.
- From 10:00 to 10:30 - the trend often changes in the European session.
- From 11:00 to 13:00 - completion of trading turnover on oil trading floors: Dubai, Qatar, Emirates, etc. Most likely, they also do not need dollars, because oil is traded in dollars, which is why the Euro is usually growing.
It is impossible not to note the last opening hours of the Middle East stock exchanges. This is an oil region, the exchanges here do not operate for long, but there are large volumes, there are plenty of dollars, so we can assume that there is no point in buying dollars.
- From 14:00 to 14:30 - time to close all dubious positions before the upcoming American “lawlessness”, or to block losses. The Euro usually falls ahead of America.
- From 14:00 to 14:30 - Planned confusion and excitement before the opening of 3 large exchanges - New York, Toronto and Chicago. It's time to secure your position.
- 14:30 - trading begins on the stock exchanges of America and Canada; in addition, Europe is still in trading. At this time, large-scale trading begins, it is very difficult to predict anything, it is pure pure speculation, trends are formed at lightning speed.
- At 14:30 the Americans start squashing and gawking at everyone! It is impossible to predict the direction of the trend, however, by the time London, Zurich and Frankfurt close, the formed trend often changes to the opposite.
- At 16:30 the European session closes and the Euro trend often changes sharply.
- From 20:00 to 21:00 is the last hour of the American session, the existing trend often resumes until 21:00 - 21:30. The first and last hour of operation of almost any exchange is the time of maximum activity for clients with huge amounts of money and very large funds.
This does not mean that they are idle throughout the session, they are analyzing the situation. But transactions are made mainly at specified hours, which makes it possible to predict price movements at the opening and closing of large exchanges.
- Place your bets before the exchanges open (1-2 minutes before). In the first hours of the night, EUR/USD often rolls back down almost to the opening of TOKYO, as a rule, if the price went up until 21-22.
- On Friday there is a massive knocking down of stops. On Friday at 21:00 trading stops.
A few words about China
The structure of Chinese exports is as follows: most of the goods are paid for in dollars, so one can assume that China has no need to buy dollars, they already have plenty of them. Therefore, most often in the Chinese session, EUR/USD rises.
China is one of the countries with the largest gold and foreign exchange reserves, so one hint that China will sell some dollars is enough for panic and a rise in the euro.
In addition, China is the largest creditor to the United States. Apparently, for now, China will be at a loss to get rid of the dollar. Threats to the diversification of foreign exchange reserves are most often speculative in nature. Follow the Chinese, their speeches and actions. If the Chinese are actively buying dollars, the whole day will be uncertain. If they buy euros, everything is predictable.
Important time points
If you use intraday trading techniques, it is advisable to be at the terminal at the following times: 23:55; 01:25; 05:55; 06:00-08:00; 07:55; 08:55; 09:00-11:00; 10:55; 11:00-13:00; 12:45; 14:25; 16:30-17.00; 18:55; 19:55; 21:00.
- 14:25 - 14:29 - before the opening of American sites, feel free to place 2 bets in both directions with TP of 10 points (minimum) and 2 more bets in both directions with the goal of taking 150-180 points of profit in one direction. The second bet with a small TR will be waiting for a return or closed on a rollback with a minus. Naturally, there must be a positive difference between the two orders.
Do this if the direction is unknown. If the chart is at the lower border of the corridor, indicated by the extreme values of support and resistance, then buy, if at the upper border - sell. In the middle is a bet in different directions with a TR of 10 points or more, depending on your desire to take risks.
- Close negative trades with an iron fist, there is no question of any greed, be content with little and little. Get rich slowly and little by little.
- It should be borne in mind that exchanges are not very loyal to investors. Considering this fact, it is necessary to learn a strict rule: all news regarding events on the stock exchanges is 90% disinformation, and no one knows how to find 10% of the truth! The consortium of world banks conducts business very skillfully and does not catch Stop Losses. You can never say what event and how the market will react.
- On Wednesday and Friday, do not work in large lots. There are very strong jumps in both directions. More precisely, never work with a large lot with leverage. There will be 2-3 million in circulation in a few years, you will work in large lots and without leverage, but as long as there is leverage, there is a serious risk of quickly losing your deposit. You can lose money in almost a few minutes.
- If you can’t supervise the trading terminal, make only tiny bets or don’t make any at all.
- Trading is a hunt for money. But a good hunter sits patiently in ambush and shoots only point-blank and for sure. Never trade when you are tired! You can simply fall asleep while trading or stupidly make mistakes.
- The maximum drawdown directly depends on the lot being traded:
- when trading lot 0.1, the price must go by 20 figures (2000 points) to completely drain the deposit;
- with a lot of 0.5, 4 figures are enough to lose (400 points);
- in any case, a deviation of the price from your bet by 200 points indicates an error in determining the trend, but with a small volume of bets, the loss is not significant and will not lead to the loss of the deposit.
- Be especially careful with all sorts of new indicators and trading robots; you can experiment on a demo account or with small amounts; On a real account with serious money, it is better to be careful.
- The surest way to make money on Forex is to gradually increase your deposit, in small lots, without losses, without drawdowns. Please note that Karl Marx recommended increasing capital in small doses!
- Absolutely always use the safe lot rule: divide the deposit by 20,000, and what you get as a result is the law for execution, including when opening trades in both directions. When opening in both directions: place “Buy” lower than “Sell” by 6-10 points, using a pending order. No matter where the price goes, the deal is always in the black.
- Use the data on the "Mood Indicator" page. If the majority are selling, then expect the rate to move in the opposite direction and vice versa. If the positions are equal, then open 2 bets in different directions with a small take profit.
- Increase lots only from what you earn, try not to replenish your deposit. This is due to the fact that it is psychologically impossible to immediately adjust to amounts that are many times larger than usual.
- Trends are always weekly, with the exception of 5, maximum 10 percent of the total: that is, if there is an upward trend, then for the whole week, etc. Don’t go against the trend, the market cannot be deceived, it is better to be on friendly terms with it.
- Most often, the rate collapses to a level where a larger number of stop losses are collected, then the rate again returns to its theoretical value, make friends with technical analysis, look for levels where the price will definitely return. As a rule, these are the maximums or minimums set at the regional session; at the session following it, the rate may return with a difference of 10–15 points (-), or 40–45 points (+).
- In addition to technical analysis, there is also fundamental analysis. Remember this. Even if everything is normal on the charts, and everything is going according to your forecast, follow the news: if something happens somewhere, there will be jerks and gaps on the charts.
- Time zones are counted from the prime meridian, passing through Greenwich (a suburb of London). The time is called Greenwich Meridian Time (GMT) or world time. Depending on the season, the time in various financial centers will differ from GMT by a certain number of hours.
Source: "jobmm.ru"
Stock exchange opening hours
The stock exchange is a non-profit organization that ensures the normal circulation of securities and their market value. To better understand the entire economic situation in the world and quickly respond to market changes, you need to view the movement of stock exchange quotes. To do this, a trader needs to know the opening hours of the stock exchange.
I would like to note that the Russian Federation used to change clocks to summer time, but after 2011 this procedure was canceled. The abolition of such an action at one time took place in China and Japan. But Europe and the United States in the fall turn the clocks to winter time, that is, back. So, when viewing the time of trading sessions, you need to read an hour ago according to Moscow time.
In the spring, European countries such as Germany, France, Great Britain and others change their clocks to the summer period, and then the opening hours of stock exchanges coincide with the Moscow sessions.
Opening hours of the largest exchanges in the world
- Chicago Mercantile Exchange (CME). The trading session runs from 18:00 to 02:00;
- New York Mercantile Exchange (NYMEX). Open from 16:20 to 22:30;
- New York Metal Exchange (COMEX). Open from 15:50 to 21:30;
- Intercontinental Exchange (ICE). Open from 16:00 to 23:00;
- Consortium of European Exchanges (EURONEXT). Open from 11:00 to 19:30;
- London International Financial Futures Exchange (LIFFE). Open from 04:00 to 00:00;
- European Derivatives Exchange (EUREX). Open from 10:00 to 00:00;
- Russian trading systems (RTS and RTS). Conducts the session from 10:30 to 18:45;
- Moscow Interbank Currency Exchange (MICEX and MICEX). Open from 10:30 to 18:45;
- Tokyo Grain Exchange (TGE). Open from 3:00 to 10:45;
- New York Stock Exchange (NYSE). Open from 17:30 to 00:00;
- Electronic Stock Trading System (NASDAQ). Open from 17:30 to 00:00;
- American Stock Exchange (AMEX). Open from 17:30 to 00:00;
- London Stock Exchange (LSE). Conducts a trading session from 11:00 to 19:30;
- Frankfurt Stock Exchange (FWR). Open from 11:00 to 22:00;
- Tokyo Stock Exchange (TSE). Open from 3:00 to 9:00;
- Hong Kong Stock Exchange (HKSE). Open from 5:00 to 11:00;
- Milan Stock Exchange (MIB). Open from 11:00 to 19:30;
- Swiss Stock Exchange (SWX). Open from 11:00 to 19:30.
Each stock exchange is unique and has its own characteristics; to maximize positive results from trading, you need to take into account not only the operating hours of stock exchanges, but also sometimes seemingly insignificant nuances.
Source: "gerchik.ru"
Opening hours of exchanges in different countries of the world - schedule relative to Moscow time
In order to better understand the economic processes taking place in the world and respond to important changes in a timely manner, it is necessary to monitor the movement of quotes on world stock markets on a daily basis, and for this, a trader needs to know the opening hours of exchanges in different countries of the world.
The opening hours of exchanges in winter and summer are structured in the tables below, the data is presented relative to Moscow time.
Exchange opening hours in winter
Previously, Russia annually switched to summer mode, moving the clock hands back by one hour, but in the summer of 2011 this procedure was canceled. A similar situation is observed in Japan and China - these countries also do not change their clocks all year.
Exchange opening hours in summer
Autumn in Europe and the United States is marked by the transition to winter time (clocks are set back) and, thus, trading sessions in Germany, France, Great Britain and other European countries, as well as the United States, take place one hour later than the trading session in Russia, Moscow time.
In the spring, the same countries move their clocks forward, as a result of which the trading sessions of Europe and the United States overlap an hour more with Russian trading.
US clock change schedule
In America, the summer regime begins in March (the second Sunday - an hour ahead), the winter regime - in November (the first Sunday - an hour ago).
Transition schedule in Europe
European countries also switch to the summer schedule in March (the last Sunday in March - forward by one hour), and in October - to the winter schedule (the last Sunday in October - back by one hour).
How does the clock change affect the Russian trading session?
As a result, during the summer time period, the American session “overlaps” the Russian session for 1 hour and 15 minutes, thus, Russian traders have time to win back some of the overseas trading. Trading in the US closes at 00:00 Moscow time, which coincides with the close of the Russian evening FORTS session.
During winter time, the obvious disadvantages of canceling the clock change in Russia are obvious:
- The US trading session overlaps with the Russian one for only 15 minutes, resulting in the strongest volatility in the final 15 minutes. before closing (from 18:30 to 18:45).
- Europe will open later, i.e. at 12:00, which means that there will be no additional drivers of movement from 10:00 to 12:00 for the Russian Federation (as a result, the first two trading hours are marked by low volatility).
- The release of significant US macro statistics will now occur at 19:00 Moscow time - this is the time when the FORTS evening session begins after the main clearing. The result is increased activity in the first minutes of evening trading.
- During the winter period, the American session closes at 01:00 Moscow time, and the FORTS market is traded until 00:00 Moscow time. As a result, the last trading hour will be ignored in the evening and won back in the form of a gap in the morning session.
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