The Trade Machine Blog » Forex Market Hours http://thetrademachine.com/blog Forex Trading Software, Expert Advisors Wed, 06 Jan 2010 16:36:15 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 What is GMT? http://thetrademachine.com/blog/2009/09/28/what-is-gmt/ http://thetrademachine.com/blog/2009/09/28/what-is-gmt/#comments Mon, 28 Sep 2009 19:20:04 +0000 admin http://thetrademachine.com/blog/?p=73 Greenwich Mean Time (GMT) is a term originally referring to mean solar time at the Royal Observatory in Greenwich, London. It is commonly used in practice to refer to Coordinated Universal Time (UTC).

 


What does this mean in the forex market?
GMT provides a standard of time for the world when trading the forex market. GMT time does not change for daylight savings time. However, it is important to note that when clocks are pushed forward an hour in the spring, the market opening times change in terms of GMT.

 

For instance, the New York market opens at 8am Eastern Time (EST) year round. However, throughout the winter months, the New York market opens at 13:00 GMT time. When daylight savings time occurs in the spring, the New York market open changes to 12:00 GMT. (Note: GMT always stays the same. It is the market opening hours that are changing due to daylight savings.)

 

The following chart shows the forex market hours in eastern time (EST) and GMT.

 
Forex Market Hours
Time Zone
EST
GMT
Tokyo Open
7PM
0:00
Tokyo Close
4AM
9:00
London Open
3AM
8:00
London Close
12PM
17:00
U.S. Open (New York)
8AM
13:00
U.S. Close (New York)
5PM
22:00
]]> http://thetrademachine.com/blog/2009/09/28/what-is-gmt/feed/ 0 When Do Forex Market Sessions Overlap? http://thetrademachine.com/blog/2009/09/28/when-do-forex-market-sessions-overlap/ http://thetrademachine.com/blog/2009/09/28/when-do-forex-market-sessions-overlap/#comments Mon, 28 Sep 2009 18:45:23 +0000 admin http://thetrademachine.com/blog/?p=68 New York and London: 8:00 am – 12:00 noon EST
Sydney and Tokyo: 7:00 pm – 2:00 am EST
London and Tokyo: 3:00 am – 4:00am EST

 

Trading when market sessions overlap provides higher volume and volatility.

 

For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for those currencies are active.

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