Forex opens on Monday. Exchange opening hours. When Forex trading is prohibited on Monday

Trading on the international financial market Forex is carried out around the clock. Within 24 hours, 5 days a week, from Sunday night to Friday night, traders can open trades to buy and sell currencies, indices, commodities and stocks.

But during this period there are special points of attention for traders - the opening and closing times of trading sessions. It is at this time that active trading begins, which leads to increased asset volatility.

After the weekend, the trading session opens on Monday at 0-00 broker server time. To determine the opening time of the Forex market in your time zone, you need to compare the server time in the MetaTrader 4 terminal with your actual time. Moscow time, the exchange opens at 1:00 a.m. on Monday.

In order to determine which exchange is currently operating, you need to contact the service - Stocktime.ru, where you can find convenient hours that indicate the operating hours of the exchanges. If the interval on the clock is green, then this exchange is currently working, if it is gray, then trading on the exchange has ended.

Major world trading exchanges

There are 4 main trading sessions in the Forex market:

• Asian;
• European;
• American;
• Pacific

Asian trading session

The Asian trading session opens at 02-00 (Tokyo) and 03-00 (Hong Kong, Singapore) Moscow time. The movements of currency pairs that occur during this time can say a lot about the upcoming trading day.

During the Asian session, oil data is often released, active purchases and sales of this commodity occur, so currency pairs, and especially the Canadian and Australian dollars, show excellent dynamics when the market opens.

For traders who prefer to trade at night, this is an excellent opportunity to “catch” trend movements and increase their deposit.

Japan also begins trading during the Asian session, so when analyzing the market it is worth paying attention to currency pairs with the Japanese yen.

The main currency pairs of the Asian session are USD/JPY, EUR/JPY, AUD/USD and others.

For those for whom the night is not an obstacle, in order to make a profit you need to know that during the opening of the Asian session there are maximum movements of currency pairs that need to be “taken”. By morning, the volatility of Asian currencies is falling.

European trading session

The European trading session begins at 09-00 Moscow time (Zurich, Paris, Frankfurt) and at 10-00 Moscow time - London, closing at 18-00 and 19-00 respectively.

The European trading session is considered the main one, as major players and the majority of traders around the world enter trading. About 30% of all trading operations on the Forex market take place during the European session.

The greatest profits during the European session come from currency pairs EUR/USD, GBP/CHF, USD/CHF, GBP/JPY and other quotes that include the euro, British pound, Swiss franc and American dollar.

The volatility of currency pairs and other assets during the European session is off the charts, as large trading participants restructure their assets at this time.

It is also worth noting that market volatility varies within one trading session. The main time when active contracting occurs is the opening and closing of the session, when dealers record the results of work during trading.

During the European session, a decline in player activity is observed at 12-14 hours Moscow time. At this time, you can relax, outline an action plan for the upcoming American session, look for how to trade on and other brokers.

American trading session

After a short respite from active trading in the European session, traders are preparing for the opening of the American session, which accounts for about 19% of the total turnover of the global Forex market. New York trading opens at 16:00 Moscow time, when dealers of American banks begin trading.

The list of major currency pairs traded during the American session is identical to the pairs in the European session.

During the American session, a large amount of economic news, statistical data, speeches by the heads of the Central Bank, etc. are released. The overlap of the European and American sessions leads to active movements of currency pairs, especially for the EUR/USD pair.

As the European session closes, the volatility of currency pairs remains high. It is at this time that large players, remaining in the so-called “thin” market, are able to sharply change the exchange rate of the dollar in relation to other currencies.

At this time, currency pair quotes show excellent trend movements, which professional traders use to make profits. There is also activity in the options market, where you can get additional profit by trading on and platforms.

The American session closes at 23-00 Moscow time. Often at this time the activity of most traders decreases, which affects the movement in the market.

Pacific trading session

The Pacific trading session is one of the calmest and least volatile. This is due to the fact that only Australia and New Zealand are trading at this time. In addition, many traders prefer to wait out this time in anticipation of a more volatile Asian session.

The main currency traded in the Pacific session is the Australian dollar AUD, which also remains active during the Asian session on the back of commodity news.

MetaTrader 4 indicator for determining session opening times

Many novice traders are faced with the problem of determining the correct opening time for trading sessions based on their location. Most trading platforms operate on GMT time, which differs from Russian time by several hours.

Trading will begin at 1 a.m. Moscow time.

I heard somewhere that Forex starts working on Monday at 1 am (on some sites at 2 am. I have no idea about the rest...

It depends on which DC or broker. And in most cases it was resurrected at 00.00. for Monday I think you should start on a demo, leverage 1/100, the most common.

Work in the morning, you need to sleep at night. Moreover, at night (before 9-00 Moscow time) the market is usually passive.

24/7 (global)

on Monday at 1.00 Moscow time

1 Opening of the Forex exchange on Monday and closing on Friday All financial markets are tied to the working days of the exchanges, on which, in fact, the purchase and sale of certain assets occurs. Such markets, like many enterprises and institutions, operate on a five-day work week. That is, from Monday to Friday, with two days off - Saturday and Sunday. The foreign exchange market we are considering is no exception. In the photo - the opening of the Forex exchange, blog-bir-forex.blogspot.com In fact, the opening of Forex on Monday occurs early in the morning, an hour or two after midnight, and the closing of Forex on Friday occurs along with the last American trading floors, when we have It's already the beginning of Saturday. Money revolves around the Earth as time zones pass. Then, when at one end of the planet people are fast asleep, at the other there is active trading on the exchanges. In order to trade successfully, you should know when trading occurs in the exact session when you are going to make money. Naturally, each trading session has its own characteristics, which we will try to highlight. There are three main trading sessions: Asia-Pacific, European and American. Let's take a closer look at them. 2 Asia-Pacific trading session, or when does the Forex market open? Trading begins on Monday at the stock exchange in Wellington, New Zealand. This happens in summer at 2 am Moscow time or on Sunday at 22.00 according to the so-called world time - Greenwich Meridian Time (GMT), which is often used as the default time for financial markets. An hour later the stock exchange in Sydney joins, and after another 2–4 hours Tokyo, Hong Kong and Singapore are actively involved in trading. In the photo - the opening of trading on Forex, forexaw.com The flow of trading during these hours is not the most active. But there are exceptions, in the form of the release of important news in Japan. Active players during this session are Australia, Japan and China. Based on this, currency pairs containing the yen, Australian and New Zealand dollars show the greatest volatility.

When China enters trade, you need to watch this period very carefully. If the euro/dollar pair is actively growing in price at this time, with a high degree of probability we can assume that this growth will continue at least until the start of the American session. The reason for this is the fact that China is the world's largest owner of American currency, with the exception of the United States. And if he begins to get rid of it in favor of the euro, then this leaves an imprint on the entire trading day. 3 Opening time of Forex trading in Europe and features of trading during this session At 8.00 Moscow time, exchanges in Frankfurt, Paris and Zurich begin their work, an hour later they are joined by one of the world's largest exchanges - London.

Often during this session, trading is lively and currency pairs with the euro, British pound and Swiss franc are actively traded. The trader needs to pay special attention to the release of important news in the Eurozone, and especially in the UK. This news can create a real “rally” in the foreign exchange market. They leave at approximately 13-14 hours MSK. The European trading session is usually characterized by a change in the Asian trend, which often continues the trend set by America. Also, this session is characterized by an increase in the price of the euro. Of course, this is true in the absence or in the case of positive news in the Eurozone. However, if you are trading pairs with the British pound, then you should wait for news from the UK, if any comes out today. Price jumps sometimes reach 100-150 points per session, so you need to be careful. In the photo - forex opening on Monday, forexground.org The greatest activity in this session is observed in the first 3-4 hours after the opening, after which the decline begins

On Monday at one o'clock in the morning Moscow time. Good luck!

at first it was more or less, now it’s bad, I don’t know what to do, on Friday I asked the trader a question by email, he didn’t answer, their communication by phone is one-way

from March to October - from 00:00 (GMT+3) Monday to 23:59:59 (GMT+3) Friday; from October to March - from 01:00 (GMT+3) Monday to 00:59:59 (GMT+3) Saturday.

The Forex market is open 24 hours a day from Sunday to Monday through to Friday and Saturday. Brokers' opening hours may vary slightly. Below is very useful information about the opening hours of exchanges.

Opening hours of the world's major exchanges (Moscow time - MSK)

To rationally distribute your efforts and make the most effective use of the time and opportunities that the international foreign exchange market provides, you need to clearly understand the mechanism of its operation, and also know when and where you can expect the start of its movement, the time of trading sessions, a decrease in activity, and even breaks for lunch at the world's leading stock exchanges.

You need to pay attention to the timing of the release of the main economic indicators of leading countries, such important events as speeches by VIPs of the financial market, such as Alan Greenpeace, the former head of the Federal Reserve; Ben Bernanke, current governor of the US Federal Reserve; heads of the central banks of leading countries and other financial news makers.

However, one should not pay excessive attention to this and think that, having learned some news (unless, of course, this news is of some catastrophic or global nature, such as the start of a war, the September 11 terrorist attack, etc. ) You can get ahead of the market and quickly make the right bets. No matter how sophisticated the software and access to news streams you have, it is doubtful that even through the Internet you can have faster and more reliable information than that possessed by the large players in the Forex market.

What you need to know about Forex trading on Friday

And even more so, you are unlikely to be able to possess insider information. Therefore, any news that you learned via the Internet, the market probably already knows.

Therefore, your task remains the same: to follow the market, and not try to get ahead of it. Moreover, it very often happens that the market’s assessment of some news is belated, inadequate, and directly opposite to what could be expected.

However, knowing the reasons why the market moves, and even more so, being prepared for the fact that the market may move on certain days and hours, is undoubtedly necessary and useful. After all, no normal person is able to “be on alert” 24 hours a day, especially five days a week, when Forex works and gives us the opportunity to earn money...

In all time zones, in any of the world's major trading centers (London, Frankfurt, New York, Tokyo, Hong Kong, Sydney, etc.) there are dealers ready to immediately provide you with the opportunity to enter the market. The Forex market trades between $1 trillion and $3 trillion a day, providing virtually unlimited liquidity. Due to the huge daily turnover and constant 100% purchasing power, the Forex market cannot be compared with any other market in the world in terms of reliability, dynamism, earning potential and excitement.

The working day of foreign exchange dealers of Western commercial banks usually begins at 7.30 am local time. At 8.00, dealers are already actively concluding deals. The morning half hour is usually devoted to a brief analysis of the events that took place in the world currency markets by the time work began. Dealers use economic and technical analysis of market behavior, read analytical articles in the press, exchange points of view, as well as fresh rumors with each other and with dealers of other commercial banks. Based on a variety of data, a picture of the possible behavior of the exchange rate for the coming day is gradually emerging with different options for the probability of certain events.

By eight o'clock in the morning, the market, consisting of individual dealers, develops behavioral tactics as a whole and begins to join in the operations of the world foreign exchange market, giving a new energetic impetus to the movement of the exchange rate.

The following characteristics of typical average activity during the day can be given to various territorial markets.

Far East

Here, the most active transactions are in the market of conversion operations of the dollar to the Japanese yen, the dollar to the euro, the euro to the yen and the dollar to the Australian dollar. Exchange rate movements are often small at this time, but there are days when currencies, especially the dollar against the yen, take dizzying flights. Typically, these are the days when the Japanese central bank carries out foreign exchange intervention. In Moscow at this time it is night and morning: until noon in Moscow you can work with Tokyo, until lunch with Singapore.

Western Europe

At 7.00 GMT (10.00 Moscow time) the market opens in the European financial centers of Zurich, Frankfurt, Paris, and Luxembourg. However, the truly strong movement in the dollar exchange rate against major currencies begins after 11.00 Moscow time, when the London market opens. This usually lasts for two to three hours, after which the European bank dealers go to lunch and market activity decreases slightly.

North America

The situation picks up again with the opening of the market in New York at 13.00 GMT (16-00 MSK), when dealers of American banks begin their morning work, and European dealers return from lunch. Currency dealers are eagerly awaiting the opening of the New York market to get fresh data on possible exchange rate movements (especially if the European market has been sluggish). After the European market closes (around 17.00 GMT 20-00 MSK), aggressive American banks, left alone in the “thin” market, can lead to a sharp change in the exchange rate of the dollar to other currencies.

The American and Asian sessions are the most aggressive, and the largest volume of transactions occurs in the European session. The New Zealand and Australian sessions are considered the calmest.

1. The most active period for trading the Japanese yen is from 3:00 to 10:00 (Moscow time everywhere).
2. For European currencies there are two periods of activity: from 11-00 to 15-00, and then - with the opening of the American session - from 16-00 to 20-00, less often - until 22-00.
3. Be extremely careful and do not succumb to market provocations on Mondays: according to statistics, on these days there is great activity among non-professional market participants who are trying to make up for what they think is a respite from the weekend.
4. If you play on intraday charts, do not risk leaving open bets on the weekend, and especially on holidays, since very often after the weekend, if something happened during this time, the market may open at a completely different price, “with a gap” and a stop loss will not save you, since the broker will close your transaction at the opening price, which can “eat up” your deposit.
5. During periods when the majority of large market participants wind down their business and leave the market, one may encounter a phenomenon where the remaining players use this “thin market” situation to swing it and short-term speculation, which they would never be able to carry out during periods of activity of other participants — there simply wouldn’t be enough resources. There is no need to be surprised when, for example, two or three hours before closing on Easter, the market suddenly, without any apparent reason, rushes into the sky. As soon as the big players come to the market after the holidays, the balance will be restored... But someone will pocket several hundred million dollars before the holidays. If you, understanding what is happening, join this celebration of good luck and stop in time, you can only be congratulated. However, if you believe in this trick in the last 15 minutes before closing, and leave the bet in the hope that “the market simply did not have time to go further due to the holidays,” there is a very high probability that after the holidays your account will be much lighter... Of course , this is just one example of how important it is to understand what is happening in the market.

Time Zones

Time zones are counted from the prime meridian, passing through Greenwich (a suburb of London). Time is called world time or. Depending on the season (summer or winter), the time in various financial centers of the globe will differ from GMT world time by the number of hours shown in the table:

Forex opening hours.

The Forex exchange operates 24 hours a day, with the exception of weekends and holidays, and there is some division into trading sessions depending on time zones. This point should also be taken into account in order to make your trading more successful, since sessions usually characterize market activity for certain currency pairs and have distinctive trading features.

Forex trading hours start at 23:00 GMT (Greenwich Mean Time) on Sunday and end at 22:00 on Friday. It is GMT that is taken as the basis for all calculations; the difference with Moscow time is +4 hours.

Therefore, you can start trading no earlier than 3:00 Moscow time on Monday, and close all orders no later than 2:00 on Saturday.

Trading session schedule

Otherwise, your position will roll over to the next week and you will have to pay an additional commission. It is for this reason that many traders choose to simply not trade on Friday. At the same time, do not forget that there is such a thing as “Winter and summer Forex operating hours” and in winter the start of trading occurs an hour later.

This table shows the operating time of the foreign exchange market in Greenwich. To determine your region, simply add or subtract the difference in your time zone Moscow +4.

Pacific or Australian session - takes place from 19 pm to 6 am, the quietest time, the main financial centers do not work, so you don’t have to wait for the release of global financial news. Trading at night and early in the morning is suitable for beginner traders.

Asian - covers the period from 23 to 9 am, special activity is observed in the second half of work on this trading platform; according to Moscow time, this is the period from 8 am to 1 pm. Just at this time, European markets begin to work, which increases the movement of currencies. Therefore, if you want to make the most profit, then trade in the morning.

European - operates from 6 a.m. to 4 p.m., and is the most comfortable working time, as it practically coincides with Moscow. From 12 to 16, it intersects with the American trading session; according to statistics, it is during this period that most contracts are concluded and sharp jumps in the exchange rate are observed.

American - starts working from 12 noon and ends late in the evening at 22 o'clock. Ideal for those who like a dynamic trend and work in the evenings, since the session closes at 2 a.m. Moscow time.

The choice of a suitable trading session does not end only with its opening hours, but also contains a lot of additional parameters such as market volatility and the popularity of individual currency pairs, the impact of news on exchange rates and some other points.

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It is extremely important for a trader to properly organize his own working time. No one can achieve high results around the clock, all day long. Incorrect preparation of your own work schedule, ignorance of the time of trading sessions on Forex gives rise to most of the problems that currency players have, especially those who are taking their first steps in a trading career.

To properly organize your working day, it is important to know the trading schedule. It is not always convenient for the normal work of a person who lives in a distant time zone. Therefore, it is important to choose sessions with convenient working hours in order to feel in good shape, allowing you to quickly and wisely make responsible decisions.

Opening and closing times of Forex trading

Every day, millions of currency transactions are concluded all over the globe, involving a huge number of traders living in different countries and on different continents.

10. Forex market opening hours.

Despite the fact that traders are dispersed across almost all parts of the Earth, the vast majority of transactions are concluded in just a few places. There is a group of global financial centers that concentrate on their sites most of the daily turnover of the currency transactions market. These largest financial centers are distributed as follows:

• In Europe, the largest Forex market platforms are London, Frankfurt, Paris and Zurich. The trading session times on all exchanges except London are the same. They open (in UTC time, almost the same as GMT if you don't count the seconds) at six o'clock in the morning, and close the working day at three o'clock in the afternoon. On the London Stock Exchange, working hours are shifted forward by one hour. The London Stock Exchange starts its working day at 07:00 and ends at 16:00.
• On the Asian continent, the main centers of trading on the Forex market are Hong Kong, Singapore and Tokyo. Forex sessions on the Hong Kong and Singapore exchanges fall between 00:00 and 09:00. The Tokyo Stock Exchange opens and closes an hour earlier. Tokyo Stock Exchange hours are from 23.00 to 08.00.
• In the Pacific region, Forex trading is concentrated mainly on New Zealand exchanges. Wellington and Australian Sydney. In Wellington the exchange is open from 19.00 to 04.00, in Sydney - from 21.00 to 06.00.
• In North America, they play a dominant role New York and Chicago stock exchanges. Stock exchanges in New York are open from 12.00 to 21.00. Forex session times in Chicago are from 13.00 to 22.00.

Figure 1. Session times in major financial centers.

If you superimpose the work schedules of the main financial centers of the Forex market on a 24-hour daily grid, it turns out that you can carry out currency transactions around the clock. The subtlety is that the distribution of trading activity over time cannot be called uniform.

Figure 2. Activity on the chart.

During every hour of the day, it is possible to trade on at least one exchange belonging to a particular region, so transactions are not excluded even around the clock, but this does not seem reasonable due to the low trading activity during certain hours.

Relationship between working hours and price movements

By tracking the charts of the currency pairs that are most attractive to traders by Forex session time, it is easy to see that the distribution of transaction activity is disproportionate. The answer lies in the fact that market makers enter the market at certain hours. And this factor is decisive in the uneven distribution of activity throughout the day.

Let's look at how the situation develops with the distribution of daily activity using the example of the most popular currency pair - EUR/USD:

• At night, no significant fluctuations or manifestations of activity are observed.
• When European stock exchanges open, trading participants are ready to begin active activities.
• The beginning of trading is associated with attempts to determine the direction of movement. At this time, the possibility of sharp fluctuations can no longer be ruled out.
• With the onset of the lunch break, by noon the activity of market players begins to decline, because lunch must be on schedule, no matter how fiercely the trading takes place.
• The afternoon hours are associated with tense anticipation of the American stock exchanges entering the market. The movement can maintain the direction set in the morning hours or make a U-turn.
• When the North American trading session closes, traders typically close positions except for those that are planned to be saved for future use.

The situation with the EUR/USD pair during trading sessions develops as described throughout each trading day. On some days this is expressed absolutely clearly, on other days - not so expressively, but the general trends persist with enviable constancy.



Figure 3.

An example of EUR/USD price movement within trading sessions.

Selecting currency pairs for trading

Let us specify which currency pairs are preferable to work with during Forex trading sessions taking place at different times of the day and on different continents in order to avoid accusations of unfounded theorizing:

• The vast majority of transactions are carried out on the Forex market on the European and North American continents, accounting for a corresponding share of daily turnover. During sessions on American and European exchanges the movement is traced, affecting each of the currency pairs, with rare exceptions. It is recommended to work with a pool made up of pairs EUR/USD, USD/CHF, USD/JPY, GBP/USD, AUD/USD, USD/CAD, NZD/USD. This kit allows you to successfully trade during sessions on both American and European exchanges;
• On Asian exchanges During Forex sessions, the greatest activity occurs during currency pairs involving the Japanese yen. However, the level of activity cannot be compared with what is observed on European and American exchanges. The movements are not so clear.



Figure 4. Asian session on the chart.

• In the Pacific region, the choice of currency pairs for transactions is naturally limited. Movement is possible in the AUD/USD and NZD/USD pairs; for the sake of experimentation, you can try your luck with the AUD/NZD cross. Currency trading volumes trading session times on the exchanges of the Pacific region are relatively small, so you should not pin your hopes on the possibility of serious movements.

How to organize your work on Forex?

Knowledge of the work schedule of the world's main exchanges and the time of Forex trading sessions allows a trader to competently build a schedule for his own work on this market. The following approximate schedule for working on the Forex market seems preferable:

• Launch your terminal about half an hour before the main European exchanges open, so that you are ready and able to immediately respond to major movements. Forex session opening times differ for each region.
• After waiting until active trading begins on European exchanges, you should look for a moment to enter. During European trading sessions, it often happens that cancellation points are provided.
• When midday comes, you should rest and take a break for lunch. During Forex trading sessions, the lunch break on European exchanges is usually associated with a subsidence of business activity, so you can restore your strength by taking a short rest.
• After the lunch break, stops on previously opened transactions are tightened. With the inclusion of traders working on American exchanges, activity is increasing, it is worth resuming the search for good entry points.
• Having waited for the closing of sessions on American stock exchanges, it is worth bringing today's operations to completion. In this case, it is advisable not only to rearrange stop losses, but to partially protect profits. Individual transactions may be left for the following days.

For residents of the Russian Federation and the post-Soviet space in general, the most suitable time slots are sessions held in cities in Europe and North America. Fortunately, the opening time of Forex sessions is almost Moscow time. Therefore, the work schedule can be drawn up as described above.

For beginning traders and anyone who wants to develop their skills, we offer:

• read the materials on our website;
• sign up for special courses taught by our traders-analysts;
• study videos on our YouTube channel dedicated to Forex trading;
• take advantage of our exclusive trading tools.

Multifractal exchange time

In this section I want to summarize the conclusions arising from the chapters described above.

What time does the American stock exchange open in Moscow?

Many traders, and not only them, always have one question in their heads: “What is a fractal in the market?” Bill Williams offered his answer, which did not reveal the true concept of a fractal and caused a lot of controversy in the public.

There is no such thing as a fractal on the market, that is, there is no need to look for a certain element that will be similar to everything. Rather, it would be more correct to say this: that fractal theory is applicable to the market and that those irregular curves that we see on our monitors every day are nothing more than a fractal time series. This is where the concept of multifractal stock exchange time comes from.

Einstein found that the average square of the distance at which a randomly wandering particle moves away from the starting point is proportional to time, if we are talking about an ordinary continuous medium.

The average square of the distance for a fractal environment turns out to be proportional to some fractional power of time, the indicator of which is related to the fractal dimension of the environment.

What does this mean for us as traders working with different price charts?

This model is typical for an Efficient Market. Where it is postulated that the price distribution process corresponds to a Gaussian one. Here dP the price change corresponds to the time interval dt. The power to which t is raised is equal to the value of the Hurst exponent H=0.5, characteristic of random walks.

If we substitute this value into the formula to find parameter a, we will make sure that it will be equal to 2:

When parameter a is equal to 2, the observed process will be a random walk; this value of α was rejected by the currency expert (Fig. 189). That is, this model is clearly not suitable for time series analysis.

Mandelbrot suggested using a value equal to the exponent N instead of 1/2. Hirst found that this value was approximately equal to 0.7. However, by calculating a and substituting this value into formula (3), we get “model 1.42” and not “model 1.7” that Mandelbrot mentioned. But who says that H always has a constant value. Mandelbrot abandoned this assumption in his 1972 model. The most common value of the Hurst exponent for foreign exchange markets ranges from 0.58 to 0.6, which corresponds to “model 1.7” (Fig. 190). Since H is constantly changing and is in the region from 0 to 1, time was called multifractal, since at certain time intervals H takes on different values, and therefore t is raised to different powers!



Rice. 190 "Model 1.7"

For example, the Hurst exponent will be equal to 0.64, then t will be raised to the power of 0.64, and the value of the parameter a will no longer be equal to 2:

α = 1/0.64 = 1.5625

The resulting number 1.5625 is in the range from 1 to 2. The observed process will not belong to the normal distribution, but will be fractional, that is, fractal. Since this value is constantly changing, it will be multifractal. The prefix multi means that we have not one, but several models of price behavior.

We discussed in some detail above what the value of the parameter α means for us.

As for the behavior of prices, it can be compared with a generalized Brownian movement. Due to the fact that the price develops on different scales, we can use the structure of this movement to compare between them and compare different models.

(Materials are based on: A. Almazov. Fractal theory. How to change your view of markets)

A complete answer to the question of what time the Forex market opens is one of the important conditions for successful trading. To clarify, it must also be said that any individual trader needs to have a good understanding of periods of activity/downturns in the market.

Let's look at the most important points:

• Forex trading is carried out around the clock;
• The weekly session begins on Monday and ends on Friday;
• Saturday and Sunday are days off;
• the common reference time for all participants is called Greenwich Mean Time (GMT);
• for trading in Russia it is convenient to use Moscow time (MSK), the difference with GMT is +3 hours;
• In all trading terminals, GMT time must be set, and it is possible to configure the Local time option (by default it is Moscow time).

Participants in Forex trading are everywhere, i.e. The foreign exchange market is global. But it is conventional to distinguish 4 regional markets: Australian, Asian, European and American. Naturally, daily trading sessions on 4 markets begin at different times, but the countdown is based on GMT. Trading starts at 00:00 GMT (03:00 Moscow time). The Australian market opens the weekly session on Monday, the American market closes on Friday, and it is more convenient to consider the closing time as 23:59 GMT (02:59 Moscow time).

Knowing the operating hours of regional markets allows a trader to react to the following factors that influence level movements:

1. the opening of a trading session (market) is often accompanied by increased movement and an increase in trading volumes;
2. the choice of a currency pair can be tied to the work of one of the markets: say, in the Asian market, pay more attention to USD/JPY and EUR/JPY, and in the European one – EUR/USD, GBP/USD;
3. The highest volatility (activity) in the Forex market begins with the opening of the American market.

Factors affecting trading in relation to time

So, the difference in the start time of trading between the Australian and Asian markets is 4 hours, then the markets start working after 6 hours.

Then we get the following numbers:

• 03:00 Moscow time (00:00 GMT) – opening of the Australian market;
• 07:00 Moscow time (04:00 GMT) – opening of the Asian market;
• 13:00 Moscow time (10:00 GMT) – opening of the European market;
• 19:00 Moscow time (16:00 GMT) – opening of the American market.

An equally important factor influencing exchange rate fluctuations is political and economic news. It is quite easy to monitor them: there are special sites where these news are listed, as well as their significance (from * to ***). The most dangerous news is ***: half an hour before and half an hour after the news *** you should not enter the market, exchange rate fluctuations can knock out orders.

Speaking about the American market, it should be noted that there is usually more news there and volatility (price fluctuations and volumes) is higher. Those. This is the most profitable market, but at the same time the most dangerous, and trading activity and the likelihood of successful operation increase as regional markets open.

Optimal trading mode

Of course, the work time of an individual trader depends directly on the following 2 points: the availability of personal free time (turn on a PC or laptop, launch a trading terminal) and the choice of tactics for working on the market (from pips and daily work to weekly and monthly transactions).

But still, a successful trader cannot do without analyzing and forecasting market movements, taking into account the start of work of 4 markets in turn. And although the idea that you can trade on Forex around the clock from Monday to Friday is correct, in fact the most active and volume trading begins at 13:00 Moscow time (10:00 GMT), when Europe turns on and starts working, Asia has not yet finished working, and America will soon join. If we talk about exceptions, then in many countries (Japan, USA, etc.) there are national holidays when banks do not work and trading volumes drop significantly. But information about this is also available on economic news sites.

Conclusion

Now all that remains is small: taking into account all of the above, determine the time zones of activity/passivity of the Forex market, correlate it with the trader’s personal time, and choose the hours of operation on the foreign exchange market. Experienced traders usually know when during the work week (Monday to Friday) they can start working, approximately how much time it will take and what the approximate outcome will be. And all this allows you to achieve successful results in the Forex market.

Forex opening time starts on Monday, Moscow time it will be one in the morning, and ends on Friday night. The Forex currency exchange is 24/7. The forex operating mode, like half of the world's population, is a five-day work week, that is, Saturday and Sunday are non-working days for forex. The market is also closed on holidays such as New Year, Christmas, Easter.

Forex trading hours are usually measured using Universal Coordinated Time. Previously, the countdown took place in Greenwich.

The Forex market is a 24-hour currency exchange, as this exchange is global. When in one country Forex ceases its work and retires, in another it is just opening. But, despite the fact that the market is open all the time, and trading sessions are constantly taking place on it, it still has its own characteristics. At certain times, the major currency pairs slow down their movement, this time falls on the closing hours of trading on the European exchange. Below is a table of working hours for different trading sessions.

The main trading takes place on three world exchanges - Asian, European and American. The most aggressive trading session occurs at the opening of the American stock exchange, namely the New York stock exchange, and the greatest market volatility is observed on the European stock exchange, and more specifically, when the London stock exchange wakes up and starts its work.