Quote:
Originally Posted by bafukie
Hi there, just a lil confuse about the time. Currently, London is +1 GMT, so the entry point for GBP/USD is at around 0600 (0500GMT + 1 hour) correct? But if im using Meta Trader platform, i should set the entry point for long/short when the time is 0700? as i noticed that the time in Meta Trader is 2 hours faster than GMT. Please correct me if im wrong as im so darn confuse about the time when i use MT. Thanks
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MT is just a platform that you use to trade. It's not universal and depends on the broker. Some brokers are GMT +1, some GMT, some GMT-1. You can't just say that you are using MT and ask what time you should use. Go to
Qlock - World Clock and download the desktop app that will show you time in any city of the world. Use that to show you time in London and since London is GMT +1 (right now at least) just do your thing when London is 06:00. That's it.