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I live in Canada, I’m using MetaTrader connected with a CMC brokerage. I’m a little confused on how the trading hours works as I’ve been able to trade after 4pm some days but today for example (Friday) I am not able to execute a trade as it keeps telling me “Market Is Closed”. I’ve been searching through the internet to find the hours it opens and closes but to no avail. If someone can provide me with an easy understanding for when I’m able to trade for example: XAU/USE (gold) It would be very helpful and appreciated! Thank You!
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How to use the Forex Market Time Converter. The forex market is available for trading 24 hours a day, five and one-half days per week. The Forex Market Time Converter displays "Open" or "Closed" in the Status column to indicate the current state of each global Market Center. The most favorable trading time is the 8 a.m. to noon overlap of New York and London exchanges. These two trading centers account for more than 50% of all forex trades. On the flipside, from 5 p.m. to 6 p.m., trading mostly happens in the Singapore and Sydney exchanges, where there is far less volume than during the London/New York window. Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader. The Forex market is available for trading 24 hours a day except for weekends; The Forex market is decentralized and driven by local sessions, four in particular: Sydney, Tokyo, London, New York. Forex market hours operate 24 hours a day with the Sydney trading market opening at 8 a.m. on Monday and overlapping with overseas markets until 4 p.m. on Friday in New York with most forex brokers offering 24 hour forex trading hours to day-traders in Australia and worldwide.
#forex #forexlifestyle #forextrader Want to join the A1 Trading Team? Follow along with trades taken by our top trading analysts, join our trading chatroom, ... Forex Market Hours - Forex For Beginners Even though forex is a 24 hour market from the opening of the Asian session on Sunday evening (GMT) until the close of the American session on Friday evening (GMT), there are optimal times to ... Do not lose your money! If you really want to know how to trade the EUR USD without getting destroyed, this is a must-watch. Trade the Euro Dollar with cauti... The major forex trading hours and forex trading sessions explained in detail for you. Aside from the forex time zones, I also want to talk about the forex ma...