Economic Calendar Forex Trading use by all of Traders as Forex news has high impact on Forex Trading The most dynamic market of the world is the Forex Market that is open 24 hours a day. Traders can find possibilities to enter a trade 24 hours a day and trade at the right time. The right time to enter a trade is when the trading volume is the highest. The volume is heaviest in the situation when the major markets overlap. Trading volume remains high for the whole day but the peak time is the time when the European market, the US market and the Asian market including New Zealand and Australia are open simultaneously. The peak time has the right trading hours that the traders and investors must target to earn highest profit. Forex market opens on Sunday 5PM EST and remains open till Friday 4PM EST. Rollover time is 5PM EST. The order of countries in which the Forex trading begins is New Zealand, Australia, Asia, Middle East, Europe and the last is America. More than 50% of the Forex trading is done from US and UK. Major Forex markets are London, New York and Tokyo. Fxstay team explain the Forex Economic Calendars time for you below.
Why the Forex market is open 24 hours a day?
As it is known that the Forex market is open 24 hours a day but the question is why it is opened 24 hours a day. Don’t the traders of the Forex market sleep at night? The answer is very simple and logical. Forex market is not the market of any one country but the traders and investors from all around the world participate in the Forex market. Opening and closing time of Forex market is different in different countries. So if one market closes then before it is closed another market opens and this is the reason why the Forex market is never completely closed in any minute in the first five days of the week. Trading volume is highest when the markets overlap. For example, in the time of 2am – 4am EST the market of Asia and Europe overlap and in the time of 8am – 12pm EST the market of Europe and North America overlap. So these are the right hours when the traders and investors should look for the opportunities to earn profit.
The Economic Calendar Forex Trading of market times showing the opening and closing time of Forex market in different countries is shown below.
Economic Calendar Forex Trading Makers Time
Trade time of the New York Forex market is 8am – 4pm EST
Trade time of the London Forex market is 2am – 12pm EST
Trade time of the Great Britain Forex market is 3am – 11am EST
Trade time of the Tokyo Forex market is 8pm – 4am EST
Trade time of the Australia Forex market is 7pm – 3am EST
Some Important links related to Economic Calendar like MarketWatch Economic Calendar