The main features of the synchronization of the Forex market, are as follows:
- Forex is 24 hour market – It starts from Sunday 5pm EST through Friday 4pm EST. Rollover at 5pm EST
- Forex Trading begins in New Zealand, followed by Australia, Asia, the Middle East, Europe, and America
- The US & UK account for more than 50% of the market transactions
- Forex Major markets: London, New York, Tokyo
- Nearly two-thirds of NY activity occurs in the morning hours while European markets are open.
- Forex Trading activity is heaviest when major markets overlap.
- New York Market trade times: 8am-4pm EST
- London Market trade times: 2am-12Noon EST
- Great Britain Market trade times: 3am-11am EST
- Tokyo Market trade times: 8pm-4am EST
- Australia Market trade times: 7pm-3am EST
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