The converter is very easy to use, and has the option of converting either the current time or the date and time of an event, such as an important forex time zone converter business meeting. Users may also search for NAICS codes by keyword or look up business listings in the provided company lookup tool.
Choose the most active market for the currencies you trade and avoid trading during inactive hours. The Greenwich Mean Time website provides time zones for every country around the world, as well as the current times in the world’s major cities. In addition to the time zones, some other special features include time zone conversion forex time zone converter and a list of countries that do not use daylight saving time regimes. Foxjump Systems provides a multi-date currency converter that allows users to convert data from one currency to another. This map applies data that indicate that Forex trading sessions are vary either 8am to 4pm, or 9am to 5pm local time and anything between.
The Forex Market Time Converter displays “Open” or “Closed” in the Status column to indicate the current state of each global Market Center. However, just because you can trade the market any time of the day or night doesn’t necessarily mean that you should. Most successful day traders understand that more trades are successful if conducted when market activity is high and that it is best to avoid times when trading is light. The highest volume of trading activity happens during the London session but liquidity is at its highest when New York opens and overlaps with the London session.
- This makes it easier for every trader around the world to analyze the market.
- Use the world clock to see the current time around the world.
- You usually want to avoid trading when only one trading session is open and instead, wait for trading sessions to overlap.
- We know that there are better moments to trade, but how can we choose the best time to operate?
- On the other hand, for the price to go down, the bears must beat the bulls.
- UTCCoordinated Universal Time – the international basis for other time zones.
Some of the most active market times will occur when two or more Market Centers are open at the same time. The Forex Market Time Converter will clearly indicate when two or more markets are open by displaying multiple green “Open” indicators in the Status column.
More Calculators To Guide You On Your Trading Journey
Use the Forex Market Time Zone Converter tool below to view the open and close times of the main forex trading sessions in your own local time zone. With indices, shares and most other financial products that are traded on various global exchanges, you can only make trades during the exchange’s business hours. Fortunately for forex traders, currencies are free of this restriction and can be traded day or night, with the forex market hours being open 24 hours a day, 5 days a week.
Forex Market Hours
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There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. This tool is specially designed for trades of the IQ Option platform, And we use it ourselves as well.