New Years Eve
Trading will stop at 2 PM ET on New Years Eve. There will be no trading on New Years Day and trading will open normally at 6 PM ET on Sunday. Please note: as is common with many major holidays, liquidity may be lower than usual and spreads may fluctuate accordingly.
** PLEASE NOTE** - THE MARKET CAN OPEN HIGHER OR LOWER THAN THE CLOSE, CAUSING A GAP IN THE PRICES. IF YOUR MARGIN PERCENT ON YOUR ACCOUNT IS CLOSE TO A MARGIN CALL, YOU MAY HAVE POSITIONS CLOSED OUT AUTOMATICALLY AT THE OPEN THIS SUNDAY. CLOSING SOME OF YOUR OPEN POSITIONS YOURSELF TO RAISE YOUR MARGIN PERCENT IS AN OPTION YOU MAY WANT TO CONSIDER.
Another common scenario that can happen when the market gaps over the weekend, your stop order (stop loss) becomes a market order when the price reaches it. (A stop loss is a stop order that becomes a market order when the price reaches it.)
For more information on stop orders, please see the section on “Stop Orders” on page 36 and 37 of the following National Futures Association website:
http://www.nfa.futures.org/NFA-investor-information/publication-library/opportunity-and-risk-entire.pdf
“A stop order is an order placed with your broker to buy or sell a particular futures contract if and when the price reaches a specified level.”
“There can be no guarantee, however, that it will be possible under all market conditions to execute the order at the price specified. In an active, volatile market, the market price may be declining (or rising) so rapidly that there is no opportunity to liquidate your position at the stop price you have designated.”
Stop orders are handled in the same manner in the stock market as well:
http://www.sec.gov/answers/stopord.htm
Here is an excerpt form that section:
A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the specified price is reached, your stop order becomes a market order. A market order is an order to buy or sell a stock at the current market price.
Forex Trading: The Best Hours to Trade
If you want to earn extra cash aside from the cash you earn from your regular job or your business, maybe it is time to you to enter the financial market. One popular kind of financial market that made a lot of people wealthy is the Forex market.
Aside from the fact that the Forex market can give you an opportunity to earn a lot of money, you should also know that Forex is the largest and the most liquid financial market in the world with trade exchanges that amounts up to trillions of dollars each day.
Forex also operates 24 hours a day and therefore making it the most liquid market in the world.
However, Forex is also a very risky market. Besides that fact that it generated a lot of people to become rich, it also made a lot of people lose large amounts of money. Therefore, you should consider that you should think twice before entering this financial market. You should have enough knowledge and skills before you enter this market. Part of the knowledge that you should know the best time you should enter this very liquid and very large market.
Sure you know how to trade, you know what currency pairs to trade, and you even know how to read charts. Perhaps, you also know one or two strategy when trading in the Forex market. However, you should also consider the fact that because the Forex market operates 24 hours a day, you need to know when you should trade.
Every minute in the Forex market counts. One minute you notice a currency is increasing in value, the next you notice that the same kind of currency you noticed a minute ago is decreasing in value. This is why you should consider the fact that Forex market is a very dynamic market with lots of price oscillations.
Minute by minute events are very important in order for you to be successful. Because of this feature that is found in the Forex market, you, as a Forex trader, can enter the market a number of times a day. This will allow you to earn some profits after every number of trades you do and perhaps maybe even lose one if you made the wrong trading decision.
Firstly, you have to remember that the Forex market beings at Sunday at 5PM EST to Friday at 4PM EST then it beings again at 5PM EST. Trading begins in Forex at New Zealand next at Australia followed by Asia, in the Middle East, Europe and ends in America. The major markets in Forex are London, Tokyo and New York with trading activities the heaviest when major markets overlap.
Basing from the times, you will see that there will always be someone anywhere in the world who is buying and selling currencies. You will see that when one market closes, another market opens. Trading in the Forex market is 24 hours a day.
Forex market transaction volume is always high during the whole day. However, it peaks the highest when the Asian market, the European market and the US market opens at the same time.
These are the trading hours in the Forex market you have to trade in, in order to get the highest possible trades. This are the hours that are also the most profitable.
Here are the open market times that you can use as reference:
- New York – 8am to 4pm EST
- London – 2am to 12nn EST
- Great Britain – 3am to 11am EST
- Tokyo – 8pm to 4am EST
- Australia – 7pm to 3am EST
If you look at the schedule and study it, you will see that there are two instances where two of the major markets overlap on trading hours. These are between 2am and 4am EST with Asian and European markets and 8am to 12pm EST with European and North American.
These are the things you should remember when trading in the Forex market if you want to make most out of the trade. It is not only important that you know how to trade and know some strategies on Forex trading, but, you should also know when is the best time to trade in this very large and very liquid market.
If you follow all these, you can be sure that you can earn a potentially higher profit than on other trading times.
How To Calculate Profit And Loss In Forex For Beginners
Just about all online Forex brokers have trading platforms that will calculate your wins and losses for you instantly, but for the serious trader it is always good to know how to do things manually. You get a better understanding of what you are trying to accomplish and by calculating profit and losses in Forex trading you can also make sure that your broker is honest.
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Forex Support And Resistance Levels 1: Introducti
Support and Resistance levels is one of the most commonly used technical analysis concepts in forex trading, so as a budding forex traders this is something we must know about. For something that is so common there seems to be a lot of confusion about support and resistance. That’s why we are going to run some articles to take you trough the learning process.
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Forex Trading Times – When Is The Best Time To Trade Forex?
One of the questions many new forex traders ask about is forex trading times: When Is The Best Time To Trade Forex? Unlike other markets the forex market trades 24/7 (Actually 24/5). The forex market opens for business Sunday night (5 PM EST) and closes the doors again on Friday afternoon (4 PM EST). The forex trading times depends on which market is open. When the Asian market is closing, the European market opens, then the US market until the Asian market opens again.
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Forex Candlesticks 2: How To Read Candlestick Graphs
In the last article, Forex Candlesticks 1, we looked at the history of japanese forex candlesticks and how they are different from other kinds of bar graphs. We also touched on how to read them, how to determine opening and close prices and how to see highs and lows.
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Forex Candlesticks 1: Introduction
If you are reading this article you have probably run across the term “candlesticks” in forex trading and is wondering what exactly it means. You will use candlesticks a lot as a forex trader, so you may as well already learn what they are what they are used for.
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Scalpers, Day Traders and Position Traders - Different Types Of Forex Traders
One of the great and exciting things about forex trading and that makes it a really unique experience is that we can take profits from both price rises and price falls. I.e lets say we buy a EURUSD currency pair, and then once the price of the pair rices (EUR going up against USD), we make the equvivalent profit. If we sell the same currency pair we make profits once the EUR loses to the USD.
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Money Management – The Key To Success (The 2%-6% Rule)
Forex Money Management is one of those topics that are less sexy than trading strategies and the latest hype, but it is never the less one of the most important factors to becoming a successful trader!Really money management is not specific to forex trading but to all kinds of investment that has variation built into it. The goal is to make losses small and profits big. This is what we talk about in money management. Don’t neglect this topic!
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What Is “Forex Moving Average”?
In this article we are going to study one of the most important indicators available, if not THE most important: Moving Average.
Before you go any further in learning about forex indicators, you MUST know about the forex moving average. It is the custom forex indicator that all traders regardless of level are using.
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