Forex market hours extend from Monday morning in Sydney, Australia to Friday afternoon in New York. During this time, the market is opne somewhere around the world at any hour of the day or night.

But it is not 24/7 market, because it closes on weekends. So, a 24/5 would be more accurate.

If you need to know the exact time the markets open and close, you need to take time zones into account. This is a simple, expression in Greenwich Meantime. This Universal Coordinated Time, formerly known as Greenwich Meantime is a standard (winter) time in Greenwich, London, which is the point of zero longitude on the planet.

Thus, the normal business hours of foreign exchange market is Sunday 22.00 UTC until 22.00 Friday UTC. 22.00 UTC is 10 pm in the UK in the winter.

New York is hours behind the UK so the global forex market opens and closes at 5 pm Sunday through Friday in New York and at 2 pm on the US west coast and 11 pm in Germany. And at 8 am Monday through Saturday in Sydney.

Everything becomes a little more complicated when you start to try to adopt daylight saving time into mix. This makes one hour difference in countries that follow it. But daylight saving works differently in the southern hemisphere, such as Australia. Australia experiences their summer from September to March rather than from of March to September.<.p>

Hours of several major national markets listed below:

Sydney: 10 pm to 7 am UTC
Tokyo: 12 midnight to 9 am UTC
London: 8 am to 5 pm UTC
New York: 1 pm to 10 pm UTC

Or we can express that in EST (Eastern US time):

Sydney: 5 pm to 2 am EST
Tokyo: 7 pm to 4 am EST
London: 3 am to 12 noon EST
New York: 8 am to 5 pm EST

You can see that they comply with 24-hour cover.

Yet, this does not mean that trading will be good during all these times. Immediately after the main market opens, prices can be erratic and unpredictable. Many traders will stay out of the forex market up to an hour four times a day when financial the markets first opens in these cities.

The U.S. dollar is the most traded currency, two to five times more trades than its nearest competitor, the Euro. This means, events in the U.S. have a greater impact on financial markets than events in other countries. The New York market usually slows down around 3 pm local time (UTC 8 pm), and if you are in a U.S. dollar pair, it might be a good time to stop trading for the day.

Essentially you can trade 24 hours a day from Sunday night until Friday night. Automated programs in the form of forex robots (see below) can make it physically possible. However, a cautious trader will choose their time wisely and will not be active during all hours of the market.

Beginner Forex Currency Trading: What Is It All About?

Beginner Forex Currency Trading: What Is It All About?

For a beginner forex currency trading may seem to be a whole new world but in fact the basics are quite easy to learn. You just need to understand the buzz words and trading terms and grasp a basic understanding of how the markets work.

Making big money in a short time is what forex currency trading is all about! It is possible for investors to make a lot of money very fast because the rates of exchange on the foreign market can rise and fall quickly. This means of course that it is risky and there is also a chance of losing a lot, just like most things in life that have the potential of big returns.

As you will know if you have ever exchanged currency for a vacation, the rates are constantly changing. For example you may change $100 into another currency planning to travel, and then find that you do not need it and change it back. The rate will probably have changed in the meantime and you may even have made a profit.

Forex traders deal in currencies hoping to make a profit all of the time, but instead of changing money at the bank they use a broker. Most transactions these days are handled online. In many ways it is not so different from stock trading. There is the same potential to trade in margins where a small balance held by your broker can control much larger deals.

One difference from stock exchange trading is that forex traders are not limited to dealing in their own country. You can trade any two currencies regardless of where you live. This also means that the market is international. Because of time zone differences, it is open 24 hours a day from Monday morning in Australia to Friday afternoon in New York.

Each currency is represented by 3 letters: USD for the US dollar, GBP for the British pound, EUR for the Euro, JPY for the Japanese Yen, CHF for the Swiss franc, CAD for the Canadian dollar, AUD for the Australian dollar etc. The exchange rate between two currencies may be expressed like this: USD/CHF 1.14. This means that to buy one US dollar you will need 1.14 Swiss francs.

If you want to start out in forex trading you will need to look for a broker or investment management company that you trust. It is worth shopping around and checking online forums for recommendations. Check out how long the company has been in business and what your rights and liabilities will be. Read all of the fine print.

You will probably also want to use a bot to do your trading for you. This is automated forex trading software that can trade 24 hours a day according to rules that you set for it. There is usually a demo option so that you can test out the whole system for a while before you let it trade with real money. There are many forex robots on the market and most of them come with full instructions for beginner forex currency trading.

Make Huge Profits In The Forex Markets With Forex Wealth Builder

Best Forex Automatic Robot Program and other Related Resources:

• Best Professional Forex Trading Robot, Top Automated System
• Trading with an automatic Robot that doubles cash every month!
• Forex MegaDroid Indisputably Proves A Robot Can Trade With 95.82% Accuracy
• Trade The Forex Markets To Success With Supremo FX Signals