rancakmedia.com – What are the opening and closing hours of the Forex (trading) market in Indonesia? Many beginners ask this question. In reality, traders need to know when to trade forex. There are certain factors.
Although the worldwide forex market operates 24 hours a day from Monday to Friday, this does not mean that trading activity is always active and profitable.
Traders will find it easier to profit if currency exchange rates become more volatile in the forex market (often up or down). But if the market is calm, it is generally very difficult to make a profit.
Well, this post reviews the optimal opening hours, closing times and forex trading times at The Forex Time (WIB) West Indonesia.
Forex Market Hours
Traders should know the differences before considering optimal Forex trading hours. Forex trading hours are divided into four (4) sessions: the meeting of Australia (Sydney), Japan (Tokyo), Europe (London) and the US (New York). Each session opens and ends in each time zone according to the bank’s operating hours.
The start and end hours of each session are set unless Daylight Saving Time (DST) is applied by all four summer seasons. The details are as follows:
DST Forex Market Hours
- Sydney : 04:00 WIB to 13:00 WIB
- Tokyo : 06:00 WIB to 15:00 WIB
- London : 15:00 WIB to 00:00 WIB
- New York : 20:00 WIB to 05:00 WIB
DST Forex Market Hours
- Sydney : 05:00 WIB to 14:00 WIB
- Tokyo : 06:00 WIB to 15:00 WIB
- London : 14:00 WIB to 23:00 WIB
- New York : 19:00 WIB to 04:00 WIB
If you look at the time, it piles up hours between the two sessions. This period is known as the “overlap.” In times of overlap, the forex market is usually busier because traders operate in two different time zones simultaneously.
Best and worst Forex Trading Times
Based on the experience of traders, there are certain periods when currency exchange rates rise and fall rapidly. The greatest forex trading hours are these unique periods as they allow traders to reach their profit goals more quickly. Specifically for the following 3 (three) periods:
- At the time of overlapping Asian/European meetings and overlapping European/US European Commission meetings, namely 14:00-15:00 WIB and 20:00-00:00 WIB.
- EST is 15:00-00:00 during the European Session. The reason is because so far the liquidity is greater and the market is more crowded. The European meeting includes exchanges between Euronext, London (LSE), Frankfurt, Germany and Switzerland.
- In the middle of the week from Thursday to Wednesday which is far from the market opening on Monday morning and market closing on Saturday morning.
On the other hand, there are times when forex trading is very “dangerous” because the market is too quiet or too volatile. When is that? When is it? Be careful with the next 3 (three) periods:
- 1-2 hours after the Australian market open on Monday morning, as most traders are still inactive with little market liquidity.
- During the 1-2 hours before the New York market close on Saturday morning, many foreign traders close their books over the weekend.
- During the 1-2 hours before and after the publication of key economic data, such as NFP, inflation, interest rates, etc., some suggest that we stop trading one session before the NFP is released. Why? Precision fluctuations are often anomalous and are not easy to predict using technical analysis. Market movements tend to be relatively calm before the data is published, but after the data is released, currency exchange rates can jump from 100 to 200 pips in just a few minutes.
So, when do you choose forex trading hours after understanding all that? In time, the trader can always choose the time of forex trading. However, traders should be aware that the features of each session are different. Understand the nature of the timing of your forex trading to predict danger.
There are traders who deliberately choose the Asian session because exchange rate movements are slower, so variety doesn’t make the trader’s mindset too difficult. However, traders should understand that it takes longer to make a profit (than if trading forex in the European session).
Some traders also deliberately take action in forex trading before the economic data (news traders) are published because they anticipate immediate gains in unpublished data from speculation.
Traders must carefully develop a capital management strategy, so that their account does not run out quickly due to wrong speculation.
Conclusion
Traders need to know when to trade forex. Forex markets around the world operate 24 hours a day from Monday to Friday. Traders will find it easier to profit if currency exchange rates become more volatile.
If the market is calm, it is generally very difficult to make a profit. This post reviews the optimal opening hours, closing times, and forex trading times at The Forex Time (WIB) West Indonesia.
There are times when forex trading is very “dangerous” because the market is too quiet or too volatile. Some traders deliberately choose the Asian session because exchange rate movements are slower, so variety doesn’t make the trader’s mindset too difficult.
Traders must carefully develop a capital management strategy so that their account does not run out quickly due to wrong speculation.
Popular Search
opening hours etc. forex- forex market opening hours- forex market opening hours-
