New zealand forex market opening time

Forex operates 24 hours a day, 5 days a week and therefore making it the most liquid market in the world. You should have basic knowledge and skills before you enter this market. Part of the knowledge that you should know is the best time you should enter this very liquid and very large market.
Sure you know how to trade, you know what currency pairs to trade, and you even know how to read charts. Perhaps, you also know one or two strategy when trading in the Forex market. However, you should also consider the fact that because the Forex market operates 24 hours a day, you need to know when you should trade. If you want to the New Zealand dollar against USD, isnt it better to know when is this NZD/USD currency pair the most active. Why bother to trade them when they are not active and you cant maximise your returns.
Forex market beings Monday at 10am NZ Time to Saturday 9am NZ Time then it beings again at 10am NZ Time on Monday. Trading begins in Forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America. The major markets in Forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap.
Basing from the times, you will see that there will always be someone anywhere in the world who is buying and selling currencies. You will see that when one market closes, another market opens. Trading in the Forex market is 24 hours a day. Forex market transaction volume is always high during the whole day. However, it peaks the highest when the Asian market, the European market and the US market opens at the same time.
In order to get the highest possible trades (and the most profitable ones) – here are the open market times that you can use as reference (note – times might differ by one hour on either side during our daylight savings period)
• New York – 1am to 9am NZ Time.
• London – 7pm to 5am NZ Time.
• Tokyo – 1pm to 9pm NZ Time.
• Australia – 12noon to 8pm NZ Time.
If you look at the schedule and study the times and also their respective charts, you will see that if you concentrate your trading activity during either of the trading hours for the three largest market centers: London, New York and Tokyo, this is where most market activity will occur, especially when one of these three markets open or overlap. And there are two instances where two of the major markets overlap on trading hours. These are between 7pm and 9pm NZ Time with Asian and European markets and 1am to 5am NZ Time with European and North American markets.
InstaForex is an innovative company which has developed a robust and unique web trading platform for foreign currency trading. InstaForex, just like the Forex market, are always there to assist and guide you, doing all they can to ensure your success. InstaForex has support staff available 24 hours a day, 5.5 days a week via live chat, e-mail or request a call back. Thus clients are assured of our a great winning combination: uncompromising financial professionalism and the flexibility and speed of online trading.

New zealand forex market opening time

Visual forex pdf Forex executor pro manual Hsbc forex rates philippines Forex markets comwebcharts htm Forexpros gold usd Automated forex killer scam Panneau dagencement forex classic en pvc As one major forex market closes, another one opens. According to GMT, for instance, forex trading hours move around the world like this: available in New York between pm – pm GMT; at pm GMT Sydney comes online; Tokyo opens at am and closes at am GMT; and to complete the loop. The continued liquidity of the forex market is based on the fact that there's always a market open somewhere around the world. From New Zealand opening in Asia until the US closes, the market is constant operating from Sunday to Friday evenings measured in GMT. There are 3 main sessions that gather the most of the. Australians are the first ones into a new day*. It's still of the previous day in London when Sydney Banks open up! *Actually, it's New Zealand. Their Forex Market Hours are GMT, however the associated trade volumes are very low so it's better to focus on the Australian session.
The best forex trading room.
Here are the top 10 option concepts you should understand before making your first real trade:

Forex Market Hours.
Forex is a highly dynamic market with lots of price oscillations in a single minute, this characteristic of the Forex market allows traders to enter the market many times a day and pull some profit from these number of trades. If you want to find an appreciable number of profitable trades you need to enter the forex market at the best period of time, i. e., when the activity, the volume of transactions, is the highest.
The main timing characteristics of the Forex market are the following:
* 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.
From this timing facts, it is quite visible that at any given time, somebody somewhere in the world is buying and selling currencies. As one market closes, another market opens. Business hours overlap, and the exchange continues as day becomes night and night becomes day.
Forex market volume of transactions remains high during the whole day, but peaks highest when the Asian market(including Australia & New Zealand), the European market and the U. S. market are open simultaneously. And these are the trading hours you must target in order to find the highest possible amount of profitable trades.
This is the breakdown of OPEN Market Times for your reference:
* 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.
If you pay attention to the last schedule you will notice that there are two times when two of the major markets overlap during trading hours; between 2am and 4am EST (Asian/European) and between 8am to 12pm EST(European/N. American).

The Best and the Worst Times to Trade Forex.
One of the biggest plusses that the foreign exchange market offers traders consists of the fact that currencies trade twenty four hours a day, five days a week.
This means that you can start trading Sunday afternoon EST and continue trading non stop all the way until Friday afternoon EST. This round the clock trading feature gives traders with workaholic tendencies a perfect market place in which to operate.
The reason this opportunity exists has to do with time zones and where markets open in different parts of the world. For example, because the day begins in the Far East, the forex market opens in New Zealand, Australia and Asia first, then Europe and then North America.
Nevertheless, poor times to trade also exist, and so the sections below will cover the forex market’s time table and the best and worst times to trade. All times mentioned will be expressed in Eastern Standard Time or EST.
World Forex Markets Time Table.
The foreign exchange market opens with the Sydney session at 5:00 PM EST in Sydney, Australia, although some traders in New Zealand will make prices an hour earlier at their 4:00 PM open. Wellington then closes at midnight, while Sydney then closes at 1:00 AM.
Throughout the following forex trading week, the Sydney open at 5:00 PM EST is basically the same time as the New York Session’s 5:00 PM EST close the next day. In other words, when the market in New York closes on Monday at 5:00 PM, the market in Sydney opens on Tuesday morning in its time zone. This allows many professional forex traders based in New York to pass their order books on to traders based in Sydney for watching at least until the Tokyo opening.
Two hours after the Sydney open, the forex market opens in Tokyo (The Asian or Tokyo session) at 7:00 PM EST and closes at 4:00 AM. Singapore and Hong Kong open two hours after Tokyo at 9:00 PM and close at 5:00 AM. Interestingly, the final Asian Session trading hour when the London Session opens while the Asian session is closing down, makes up one of the busiest forex trading times.
In the European session, Frankfurt opens at 2:00 AM and closes at 10:00 AM, while the major London forex trading session opens at 3:00 AM and closes at 11:00 AM.
East Cost North American markets open in New York at 8:00 AM and close at 5:00PM. Chicago trading is one hour later and California trading is three hours later.
The forex trading times therefore go full circle throughout the week, and the forex market trades until Friday afternoon’s New York Session closes. At this point, forex trading ends for the week. After the New York close at 5:00 PM EST, the forex market then gives its participants a weekend break to ponder life.
This break runs for the rest of Friday, during all of Saturday and until 5:00 PM EST on Sunday when the Sydney Session opens.
Best Times to Trade the Foreign Exchange Market.
You may have noticed when reading the previous section that at several times of the day more than one market is open at the same time. These overlapping times usually provide the greatest degree of liquidity in certain currency pairs, as well as wider pip range movements. This tends to make these more liquid periods better times to trade, theoretically at least.
Basically, since more liquidity and a higher volume of trades will often be more beneficial to the speculative forex trader, certain times when trading is heavier in particular currency pairs can give a trader the edge needed to be profitable. This is especially true for traders using short term strategies like scalping or day trading.
The European-North American Overlap: 8:00 AM to 11:00 AM.
This overlap is the key forex trading period when both the New York and London major forex trading centers are open for business. Trading in all the European currencies is heaviest during this period and offers the most liquidity for currency pairs involving the Euro, Pound Sterling and Swiss Franc.
Such especially liquid overlapping times would include the important 8:00 AM to 11:00 AM period when the major trading centers of New York and London are both open for business. Frankfurt is also open from 8AM until 10:00AM.
Also, if you are trading the EUR/USD, GBP/USD or USD/CHF currency pairs, then the market for these currency pairs would probably be the most active during that period because they represent the major currency pairs involving the United States and European countries.
The Asian European Overlap: 12:00 Midnight to 3:00 AM.
Sydney closes at 1:00 AM, while the Tokyo, Hong Kong and Singapore stay open overlapping with Frankfurt and London at 2:00 AM and 3:00 AM respectively. This time period usually offers the most liquidity for the Japanese Yen, as well as the European Yen crosses.
Another good time to trade in order to take advantage of several different markets being open simultaneously, is between 1:00PM and 3:00 AM as Asian and European markets overlap at different points.
The Tokyo, Singapore and Hong Kong forex markets continue trading throughout this overlap period. The Frankfurt and London markets then open at 2:00 AM and 3:00 AM respectively, and they then overlap with Singapore and Hong Kong until 5:00AM.
This time period can see particularly active trading in the USD/JPY, EUR/JPY, GBP/JPY and CHF/JPY currency pairs.
The Australian Asian Overlap: 9:00 PM to 12:00 Midnight.
This is the period during which the New Zealand and Australian markets overlap with the Asian markets of Tokyo, Singapore and Hong Kong. This time period tends to have the most liquidity for the Australian and New Zealand Dollars and their crosses.
Trading in Australia and New Zealand overlaps with Tokyo from 7:00PM and then with Singapore and Hong Kong from 9:00PM until Midnight when New Zealand closes and 1:00AM when Sydney closes.
This makes the overlap period from 9:00PM until Midnight especially liquid as Australia, New Zealand, Tokyo, Singapore and Hong Kong are all open.
This overlapping time frame often sees especially active trading in the AUD/USD, AUD/JPY, EUR/AUD, NZD/USD, AUD/NZD and NZD/JPY currency pairs.
Trading Times to Watch Out For.
Between 5:00 PM and 7:00 PM, the New York forex market has closed and the only other markets which are open are Chicago until 6:00 PM and the West Coast offices of certain U. S. banks that may stay open as late as 7:00PM. You can also trade into the thinner markets in New Zealand that opens at 4:00pm and Australia which opens at 5:00 PM.
This represents a window of time during the trading day, when the market could be thin and so price spreads may widen significantly. Basically, avoiding trading during illiquid time periods and in highly volatile markets can save you money, both in terms of your trading position and in the amount of the bid offer spread you may be quoted for the transaction.
Other times which may not be as advantageous to trade include the Sunday night session, as well as Fridays when the market is looking forward to the weekend and so typically trades counter-trend as positions are squared.
Another risky trading time is when important numbers such as U. S. Non-Farm Payrolls come out. If the actual number differs considerably from the market’s consensus expectation, then the exchange rate can shift rapidly to discount the new information as fast as possible.
Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.