In other words, the foreign exchange market is a 24-hour uninterrupted market, and the main fluctuation and trading time is from New Zealand starting work on Monday to Chicago closing on Friday. There are also a few foreign exchange transactions in the Middle East over the weekend, but they are basically negligible, belonging to normal inter-bank exchange, not normal speculation. Therefore, to sum up, the foreign exchange market is a continuous trading market.
It is a well-known thing that you can trade when there is a market, but it does not mean you can trade. Every trading period in the foreign exchange market has its own rules and characteristics in 24 hours a day. We only need to understand his rules and adopt corresponding strategies at the right time, which can greatly improve the success rate of trading and avoid trading risks.
2. Trading time:
Opening and closing time of major international foreign exchange markets (Beijing time):
Wellington foreign exchange market in New Zealand: 04: 00- 12: 00 (winter); 05: 00- 13: 00 (daylight saving time).
Foreign exchange market in Sydney, Australia: 06: 00- 14: 00 (winter); 07: 00- 15: 00 (daylight saving time).
Japan-Tokyo foreign exchange market: 08: 00- 14: 30
Singapore foreign exchange market: 09: 00- 16: 00
Foreign exchange market in London, UK: 16: 30-00: 30 (winter); 15: 30-23: 30 (daylight saving time).
Frankfurt foreign exchange market: 15: 30-00: 30.
New york foreign exchange market: 2 1: 20-04: 00 (winter time); 20: 30-03: 00 (daylight saving time)
China and Hongkong: 09: 00- 16: 00.
3. Time advantage:
Foreign exchange traders in China have an incomparable time advantage compared with other time zones, that is, they can seize the period from 15 to 24: 00. For ordinary investors, they are engaged in non-foreign exchange professional work. 5:00-24:00 pm is free time, which can be used for foreign exchange investment without being distracted by work. Generally, the whole world is closed on weekends. The market opens around 5 am on Monday.
4. Foreign exchange transactions:
If Beijing time is used as the standard, every morning from Wellington, New Zealand to the west coast market of the United States closes, and the main markets in Australia, Asia and North America are connected end to end, traders can find the right foreign exchange market to trade at any time on weekdays.
The global foreign exchange market is separated by distance and time, which is independent of each other and affects each other. These foreign exchange markets are centered on their cities and radiate to other neighboring countries and regions. Due to different time zones, the business hours of foreign exchange markets are different, but after one market ends, it often sets the tone for the opening of the next market. These markets are integrated through advanced communication equipment and computer networks, and market participants can trade all over the world, thus forming an international foreign exchange market that operates around the world.
Although the foreign exchange market is a 24-hour transaction, there are still some skills in the choice of trading time. Here are some trading experiences.
London market: London is an old financial center in the world, and banks in various countries are used to starting large-scale transactions after the opening of the London foreign exchange market. Therefore, the fluctuation of the global foreign exchange market will intensify with its opening up, and the opportunities for individual investors will gradually increase during this period. Factors such as the European Central Bank's interest rate decision, Germany's IFO prosperity index, the GDP of the euro zone countries, and the consumer price index of the euro zone countries will also play a role in fueling the situation.
New york market: As the US stock market is the largest capital flow center in the world and new york's foreign exchange market is also the most active in the world, its high activity means that investors' profit opportunities increase. In new york's foreign exchange market, a series of fundamental data, such as US GDP data, interest rate changes, producer price index, consumer price index, unemployment rate and the public statement of the Federal Reserve, will have an important impact at this time.
Tokyo market: Tokyo foreign exchange market is the largest foreign exchange trading market in Asia, but the smallest among the three major foreign exchange markets. During the trading hours in the Tokyo foreign exchange market, only the Japanese yen may fluctuate. Therefore, speculators who are used to doing yen trading often start trading at this time.
Prime time: Compared with Beijing time, 20: 30-24: 00 (daylight saving time) is the overlapping trading time between London market in the UK and new york market in the US. It is a densely populated area for foreign exchange transactions of banks in various countries, and it is also the time with the largest number of block transactions and the most frequent market fluctuations. The more frequent fluctuations in the foreign exchange market mean that speculators have more opportunities to make money.
Generally speaking, the local currency will be more active during trading hours in the local market. For example, the Australian dollar and the Japanese yen were more active when the Asian market opened, the euro, the pound and the Swiss franc were more active when the European market opened, and the US dollar and the Canadian dollar were more active when the American market opened.
In addition, it should be noted that as long as there is no foreign exchange in the foreign exchange trading zone, it belongs to over-the-counter trading, and there is no concept of opening and closing positions, mainly according to the normal schedule of local people. Generally, the trade summit will be held between 9:00- 17:00 on local normal working days, because local people are used to handling work during this period.