By Cedric Welsch
The wide availability of forex trading hours is one of the things that make the industry so compelling to so many people. The forex trading hours begin on Sunday evening at 5 PM Eastern Standard Time and continue until Friday at 5 PM Eastern Standard Time. That allows people to work any time of the day or night except for Friday evenings, Saturdays, and Sunday mornings.
The reason that the markets are open so long is because they mimic the opening times of the world’s major trading markets. As a general rule, most of the markets are open from 8 AM to 5 PM local time. London, for instance, opens at 8 AM Greenwich Mean Time and closes at 5 PM GMT. These times correspond to 3 AM EST to 12 PM EST. When the markets from Tokyo, Hong Kong, Sydney and other cities are added to the schedule it results in forex trading hours that are almost constantly open.
However, simply because the markets are open does not mean that it is a lucrative time to work. Forex traders will generally make the most money when other trades are happening. Therefore, if you are sitting in front of your laptop between midnight and two in the morning EST when only the Asian and Pacific markets are open, trading may seem slow. On the other hand, if you try to work between 8:00 AM and noon EST, trading will be fast paced and more likely to be profitable because both Europe and the United States are open.
Forex investing and trading is a fun and easy way for a beginning investor to work from home. Although the hours referenced above may be optimal, you should not be afraid to get your feet wet at other times of day. If you have a day job and would like to try this on the side, you can attempt it in the middle of the night and focus on trades between the Australian dollar and the Yen or other trades involving Asian currencies.
As you can see forex trading hours offer many people the most flexible job hours that they have ever had. Whether you want to attempt forex trades as a hobby, a part-time job, or a full-time career, you will certainly be able to find hours that work for you. Once you start, make sure that you devote a bit of time each day to reading about forex trades. Any additional knowledge that you have will be an asset to you.
About the Author
The very systematic publishing of relevant forex news trading is a lifeline for traders. Do not deny that you need forex scam opinions from other traders so you can avoid scam.
