The foreign exchange market operates 24 hours a day, which means that you can participate in transactions at any time. Will entering the market at different trading hours affect the trading results? When is the best time to participate in the transaction?
1. Foreign exchange trading hours in major international markets (Beijing time)
New Zealand Wellington foreign exchange market: 04:00-12:00
Australian foreign exchange market: 6:00-14:00
Foreign exchange market in Tokyo, Japan: 08:00-14:30
Singapore foreign exchange market: 09:00-16:00
London foreign exchange market: 15:30-00:30
Forex market in Frankfurt, Germany: 15:30-00:30
New York foreign exchange market: 21:00-04:00.
2. Differences in foreign exchange trading hours
1. Foreign exchange trading time when the market is light: 5-14 am
Because the driving force of the Asian market is relatively small, the market during this period is relatively light. During this foreign exchange trading time period, the general shock range is within 30 points, and there is no obvious direction. Most of them are adjustments and callbacks, which are generally opposite to the direction of the day.
Since most of the market during this period has no direction to speak of, the most important thing is that margin traders can observe it around 6-8 o'clock in the morning and study the up and down wave shock patterns. When the market fluctuates to both ends, you can do 5-15 points of operation, just put the profit stop and do not do short-term stop loss. If you still can't make money after 11 o'clock, you should close the position and stop the loss in time. This method is called the 5-point method, which cannot be followed by the market. It is suitable for investors with low operating skills, and the final stop loss can be placed around 30-40 points. It is not applicable to real traders.
2. Foreign exchange trading time when the market appears in Europe: 14-18 noon
14-18:00 noon is the European morning market, and there is usually a market after 15:00. Funds will increase after the start of trading in Europe. The foreign exchange market is a market where money accumulates, so when the amount of funds there is greater, greater fluctuations will be formed. In addition, the foreign exchange trading time period will also be accompanied by the release of some data on the influence of European currencies, and the general shock range is around 40-80 points.
During this period of time, the real market will generally start after 15:30. More than half of this market will be accompanied by indicators such as deviations and breakthroughs, so it is a relatively easy opportunity to seize.
3. Foreign exchange trading time when the European market is relatively light: 18-20 in the evening
This foreign exchange trading time period is the noon break in Europe and the early morning in the American market, which is relatively light. This period of time is the noon break between Europe and China, and it is also the eve of waiting for the United States to start.
4. Foreign exchange trading time with more market conditions: 20:00-24:00
This time period is the afternoon trading of the European market and the morning trading of the American market, generally above 80 points. During this period of time, it will act in the same direction as today, so the judgment of this market must be based on the general trend. It can be in the same direction as Europe, or it can be in the opposite direction to Europe, but it should be consistent with the general trend.
5. U.S. afternoon trading: after 24:00 to early morning
This foreign exchange trading time period is the afternoon session in the United States. Generally, a relatively large market has been stepped out at this time, and this period of time is mostly a technical adjustment to the previous market.
Different time periods of foreign exchange trading time will have different characteristics and advantages. Investors should follow the trend and choose a time period that suits their own transactions, so as to have a better chance of earning profits.