New York Time
Knowing the schedule of trade sessions at Forex is how to rationalize their efforts and make effective use of opportunities and time. Trade sessions are periods of time when banks work and actively trade. As is well known, Forex's time is not limited and operates 24 hours a day. When the evening begins at one of the world ' s points and the trade is closing, the other is the morning and the local currency market begins to operate. Sessions follow each other or overlap one on another, so traders can sell at a convenient time. When you go to Forex at any moment, you'll get him in a state of work other than Saturdays and Sundays when all the countries on the exchanges are off. Also, Forex doesn't work on holidays like Christmas, New Year and Easter.
It is also useful to know the schedule of trade sessions at Forex because currencies are different at different sessions. Thus, the yen is usually "having" and is beginning to move actively during the Asian session, and the Euro trade is being intensified in the European session. In the rest of the time, the price for these currencies is not marked. The most “aggressive” of all — the American session — can significantly reduce or, vice versa, strengthen its dollar.
Because very many countries from different Earth ' s time zones are involved in the currency market, work time The Forex used to correct confusion was the Greenwich (GMT). The GMT standard is now recognized as obsolete and replaced by UTC - World Coordinated Time. RoboForex serial time is different from UTC for 2 hours (UTC+2). During the summer period, with the transition to summer time, this figure becomes equal to UTC+3.
Schedule of Forex Trade Sessions - Forex Work Time
UTC+2 (Eastern European time, EET):
|AMERICANSKI (America)||New York||3 p.m.||23:00|
Every regional market in Forex has its own characteristics.
Asian market - Forex work time
During this trade session, the most active are the transactions in the United States dollar to the yen (USDJPY), the euro to the yen (EURJPY), the euro to the dollar (EURUSD) and the Australian dollar to the United States dollar (AUDUSD).