Forex market runs non stop . After one Forex market closes, another Forex market will restart…
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1. Generally speaking, it is not complicated to open an account for a broker. In addition to the basic registration information, you need to upload materials that can prove the identity and residential.
2.Fill in the account opening application form in accordance with the guidelines of the account opening link and system requirements, and the corresponding account information can be obtained after it is reviewed and approved.
3.After the account is successfully registered, it cannot be used directly and needs to be activated. Investors can choose wire transfer, crypocurrency or other methods to deposit a certain amount of funds into the account to complete the activation of the account.Regulated brokers will not have excessive requirements for minimum deposit.
Forex market opening hours
The market never stops its pace, and when one FX market closes, another starts, so clients can experience trading 24/5: New York trading hours are GMT 01:00 pm – 10:00 pm; Sydney trading hours are GMT 10:00 pm; Tokyo trading starts at GMT 00:00 am and ends at 9:00 am; London trading hours start at GMT 8:00 am and end at 05:00 pm. This enables 24-hour (all-day) trading for traders, brokers, and participants of central banks of all continents around the world.
More possibilities with more trading hours
The Forex market is open 24 hours a day and it is important to know the most active trading hours.
For example, if we choose a low-volume session, 5 pm – 7 pm EST is just after New York closes and before Tokyo opens. At this time, only Sydney began to trade, so the spread during this time period is relatively high compared with London, the United States and Tokyo. Fewer trading opportunities also means fewer financial opportunities. If you want to trade currency pairs such as EUR/USD, GBP/USD or USD/CHF, the most suitable time is 8:00 am – 12:00 noon, which is the most active trading time in Europe and the United States.
Risk awareness and Opportunity
Another concern for investors is the timing of government reports and official break news releases. Although each government will announce the exact time of the news release in advance, but due to the time difference, the release time of each country will be different.
So finding out the release times in different countries is valuable. Most of the time, it coincides with the most intense time for Forex trading. So this is a great opportunity for investors to profit, of course, it may backfire.
As a trader, you have two options: you can take part in intense Forex trading sessions to gain higher profits from high fluctuates; or decide to suspend trading during these time periods and trade Forex in a conservative manner. Whichever you choose, you should plan ahead in case a sudden price change at the time of the news causes you to lose money.
For day traders, the most efficient time for trading is when the London market starts at 08:00 GMT and the US market ends at 22:00 GMT. The peak time for trading is the overlapping trading hours of the US and London markets, 1 pm GMT – 4 pm GMT . The main trading markets of the day are the London, US and Asian markets.
Here is a brief overview of trading hours to help you get the most out of the market:
London peak trading hours – 8 am GMT to 5 pm GMT; EUR, GBP and USD are the most frequently traded currencies;
US peak trading hours – 1 pm GMT to 10 pm GMT; most frequently traded currencies are USD, EUR, GBP, AUD and JPY;
Asian peak trading hours – from Sunday 10 pm GMT to European trading around 9 am GMT; less suitable for day trading.
The market never stops
The forex market is open 24 hours a day
GBP and USD are most frequently traded
Be aware of timing of government reports
Handle the peak trading hours in various regions