Forex Trading Hours

Beginner Questions
1

Hi,

I am from singapore and i am newbie to forex trading. I just setup a account with ibfx and using e demo account as a practice now. May i know what are the time in singapore if

New York and London: from 8 am to 12 am (EST)
Sydney and Tokyo: from 7 pm to 2 am (EST)
London and Tokyo markets overlap one hour, from 3 am to 4 am. (EST)

Forex Trading Hours (EST):

Australia: 5pm - 1 am
Tokyo: 7 pm - 3 am
Singapore/Hong Kong: 9 pm - 5 am
Frankfurt: 2 am - 10 am
London: 3 am - 11 am

They are all in EST so i dun know how to count to singapore time. thanks

2

Hi, MasterIllegal (what a screen-name! what do you do that’s illegal?)

Regarding time conversions:

Singapore’s time zone is SGT = GMT + 8. Singapore does not observe daylight saving time, but much of the world does. So, your trading times (in Singapore) will be affected twice a year, when various other countries go onto or off of daylight saving time.

For the next two months (until late September), here are the forex market hours (in Singapore time) for various locations:

4am-1pm ------- Wellington, New Zealand, regular business day 8am-5pm local time (NZST)

6am-3pm ------- Sydney, Australia, regular business day 8am-5pm local time (AEST)

7am-3pm ------- Sydney/Tokyo overlap

7am-4pm ------- Tokyo, Japan, regular business day 8am-5pm local time (JST)

3pm-4pm --------Tokyo/London overlap

2pm-11pm ------ Central Europe, regular business day 8am-5pm (CEST)

3pm-midnight — London, UK, regular business day 8am-5pm (BST)

8pm-midnight — London/New York overlap

8pm-5am ------- New York, USA, regular business day 8am-5pm (EDT)

I hope that helps you.

Clint

p.s. - additional resources — timeanddate.com and World Clocks - Time Zones of The World

3

He could tell you… but then he’d have to kill you! :slight_smile:

4

Since you’re in Singapore, a cool trick to convert EDT is to simply switch the AM to PM.

For example, if it’s 8:00am EDT New York, it’s simply 8:00pm Singapore time.

This works until it switches back to EST.

5

bro, really thanks for the info… appreciate it!!!

how do you know that Singapore does not observe daylight saving time, and Singapore will be affected twice a year, when various other countries go onto or off of daylight saving time. U say that end of september e timing would go again? thanks

6

bro, EDT and EST is the same??? really very blur on all those timing…

7

You can use this web-page Current local time in Singapore � Singapore to verify that Singapore does not observe daylight saving time.

All the times that you asked for (except the times for Tokyo) will change in the Fall, when New Zealand and Australia go onto daylight saving time, and Europe, Britain, the U.S. and Canada all return to standard time. Japan does not observe daylight saving time.

These changes will occur on 4 different dates between September 27 and November 1.

When these changes occur, the times which I gave you in the last post will change. [B]That will affect your trading times[/B].

No, they are not the same.

EDT is Eastern Daylight Time — the time zone for the eastern U.S. and Canada [B]during the summer. EDT = GMT - 4 hours[/B].

EST is Eastern Standard Time — the time zone for the eastern U.S. and Canada [B]during the winter. EST = GMT - 5 hours[/B].

8

but how do i know which dates does the changes occur? and any website to just key like example London: 3 am - 11 am EST then i know what is the Singapore time? thanks

9

Find where you are in the world then work it out, eventually it will become second nature to know the times.

timezones (1000 x 578).jpg700×405 47.3 KB

10

I have already given you the website which will answer all of your questions — timeanddate.com

Read the website.

11

nice chart daisychain, I’m going to print that out and pin it to my wall

12

Hey, Mike

[B]That chart is very misleading, because it shows Standard Time in every one of the world’s 24 time zones. [/B]
That’s a situation which NEVER occurs.

At present, about two-thirds of the Northern Hemisphere is on Daylight Saving Time (the other third, including all of Asia, does not observe Daylight Saving Time) — and all of the Southern Hemisphere is on Standard Time

When winter comes to the Northern Hemisphere, things will reverse. Then, all of the Northern Hemisphere will be on Standard Time, and about two-thirds of the Southern Hemisphere will be on Daylight Saving Time (the other third, including South Africa, New Zealand, and half of Australia do not observe Daylight Saving Time).

Back to the chart — if you look at the time zone shown for New York, you will find GMT-5 on the chart, which is incorrect. If you look at London, you will find GMT, which is incorrect. And, if you look at central Europe, you will find GMT+1, which is incorrect.

Correct time zones for those three locations are:

[B]New York — EDT (Eastern Daylight Time) = GMT - 4 hours.

London — BST (British Summer Time) = GMT + 1 hour.

Europe — CEST (Central European Summer Time) = GMT + 2 hours.[/B]

At the present time, that chart is correct for Asia (which does not observe DST), and for New Zealand and Australia (which are currently on Standard Time).

Clint

13

ah, I see what you mean. All these different timezones gets mighty confusing. I’m in EDT right now in Georgia and thats GMT-4 right? That’s something that had me confused in our other breakout thread but I got it figured out. Then I loaded up a different broker on my work computer and they are in different time zone gmt-2 so more confusion :frowning:
It’s interesting though to see where all the different zones are on the globe

14

Hi, Mike

You got it. The eastern quarter of the U.S., including your location, is GMT-4.

Trevor (and a couple other members of the Gang) are in the U.K., and their time zone is GMT+1. So, there’s a 5-hour time difference between here and there. When Trevor identifies the overnight period as 7pm-5am London time, that translates to 2pm-midnight in your time zone.

That 5-hour time difference will apply until October 25, at which time the U.K. will return to Standard Time (GMT). For one week, beginning October 25, the time difference between the eastern U.S. and the U.K. will be 4 hours, not 5 hours.

Then, on November 1, the U.S. and Canada will return to Standard Time, and the time difference will, once again, be 5 hours.

The U.S. government tries to make this as[B] difficult[/B] for everyone as possible. If you have any suggestions regarding how they can screw things up EVEN MORE, you can contact them at — www.ScrewItUpEvenMore.gov/dst

Clint

15

haha Obama got elected, that should screw things up pretty well

16

btw guys, understand that forex is 24 hours a day, 5 days a week. May i know when is e actual time that forex start trading and ends? E.g Monday morning 8am (GMT +8) starts and ends at Friday evening 1730rs (GMT +8)? thanks

17

The weekly opening and closing times vary from broker to broker. Most brokers open for business sometime between
2pm and 6pm EDT on Sunday, and close for the week sometime between 5pm and 6pm EDT on Friday.

In your time zone in Singapore, GMT + 8, these times are:

[B]Opening for the week: sometime between 2am and 6am on Monday (your broker can tell you the exact time)

Closing for the week: sometime between 5am and 6am on Saturday (your broker can tell you the exact time)[/B]

Cheers.

18

just download the forex market hours monitor…so it will show which markets are open based on your local time zone…

Forex Market Hours

download the monitor v2.12

19

Two nice resources guys - A useful desktop client Forex Market Hours and a great little video - Forex Market Hours - YouTube - Cheers

20

In the YouTube video (which you linked to), the times shown for Sydney are [U]incorrect[/U].

At this time of year, there is a [U]one-hour time difference[/U] between Sydney and Tokyo (not 2 hours, as your video shows).

[B]The correct Sydney session times are as follows:[/B]

08:00 - 17:00 Sydney time (AEST = GMT+10)
[B]23:00 - 08:00 London time (BST = GMT+1)[/B]

This might help: 301 Moved Permanently