Ruth asks…
Regarding Forex Market Hours?
Everyone talks about how the Forex market is open 24-hours, but then what are these “sessions” about? For instance, the New York “session” is only open from 8:00 am to 5:00 pm EST.
Does that mean that you can only enter/exit a trade with a currency pair involving USD during THOSE hours? What I mean is, can you buy/sell EUR/USD or USD/EUR at ANY time during the day, or only when the New York and London sessions are BOTH open?
David Harvey answers:
The sessions have to do with times when markets are especially active. New York session covers typical work day on East Coast. This is when economic numbers are released, trading desks are fully staffed and the real decision makers are at work. It is high volume period, after which, normally, there is less activity. But you can trade around the clock.
Mary asks…
what are the powerful hours in forex market?
David Harvey answers:
I think 04:00, 09:00 and 12:00 – Europe open market on 01:00 – US open market on 08:30
Donald asks…
best time to trade the forex market by the hour?
What is the average pips that u can make in each hour. i seeen it on the net. i just do not remember where. can some one help me ?
David Harvey answers:
Probably from 2AM – 11AM Eastern time. You hit the London busy hour and the NY busy hour. A lot of number releases such as the NFP fall within the time period too. Busy generally means tighter spreads, as opposed to Asian hours.
Average pips depends on how you’re trading. There’s no fixed average.
Joseph asks…
What time does the Wellington NZ FOREX market open and close?
I have looked online and I can’t find the trading hours. I am compiling a trading calendar.
Thanks.
David Harvey answers:
Hello, regarding Wellington it opens at5:00 pm(EST) and closes at 1:00 am(EST) .
Hope this helps
Sandra asks…
Does the forex market have any holidays?
Or is it 24 hours, 5 days per week, 52 weeks per year? I have two people saying that there are no holidays and one that says there are a few. Anyone seeing this mind rating