Tyce Shelburn
Recruit
- Messages
- 5
Ok, so the FOREX market is being marketed as a 24 hour trading opportunity...any reasonable broker is open Sunday evening to Friday evening. However, everywhere you look their are market hours listed for the major currencies (New York, London, Sydney, Tokyo).
What is really meant by stating the "New York, USA" session is 8:00 am - 5:00 pm?? Are the market times for each "session" (i.e. New York) the limitations ONLY for commercial traders and Central Banks registered in that specific region?
You see my confusion?? How can we say this is a 24 hour, 5 days a week market, then label trading sessions by physical regions? If central banks and commercials are unrestricted by trading hours, then the FOREX market hours mean nothing as the Liquidity would be unrestricted at any time of the day and not subject to the swings we all see at the "Market OPEN". Again, the volatility is seen at both the FOREX market openings and again at the Stock Exchange openings (this goes for all currencies in all regions.)
Any clarity on what is meant by the market session hours would be greatly appreciated.
What is really meant by stating the "New York, USA" session is 8:00 am - 5:00 pm?? Are the market times for each "session" (i.e. New York) the limitations ONLY for commercial traders and Central Banks registered in that specific region?
You see my confusion?? How can we say this is a 24 hour, 5 days a week market, then label trading sessions by physical regions? If central banks and commercials are unrestricted by trading hours, then the FOREX market hours mean nothing as the Liquidity would be unrestricted at any time of the day and not subject to the swings we all see at the "Market OPEN". Again, the volatility is seen at both the FOREX market openings and again at the Stock Exchange openings (this goes for all currencies in all regions.)
Any clarity on what is meant by the market session hours would be greatly appreciated.
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