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Trading Hours
The trading is open 24 hours a day (Weekdays) - trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, London, and New York. Traders have the ability to transact virtually every hour of the day across the globe allowing for tremendous trading flexibility: A true 24-hour market, the online Forex trading market is unlike any other financial market as investors can immediately respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.
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Time
Zone
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Local Time
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GMT
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E.S.T (US)
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| Sydney Open |
8:00 AM
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9:00 PM *
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4:00 PM *
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| Sydney Close |
5:00 PM
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6:00 AM
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1:00 AM
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| Tokyo Open |
8:00 AM
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11:00 PM
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6:00 PM *
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| Tokyo Close |
5:00 PM
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8:00 AM
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3:00 AM
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| London Open |
8:00 AM
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8:00 AM
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3:00 AM
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| London Close |
5:00 PM
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5:00 PM
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12:00 PM
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| New York Open |
8:00 AM
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1:00 PM
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8:00 AM
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| New York Close |
5:00 PM
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10:00 PM
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5:00 PM
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| * Previous Night |
| ** The above
table is effective as of November, 2005 |
Traders may either buy (Long) or sell (Short) a currency pairing based on their position and analysis; this provides for the ability to profit in either an up or down market. If a trader believes that a currency will appreciate in value they will buy that currency and if they believe that the currency will depreciate in value, they will sell that currency (Not unlike a short position in the stock market)
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