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I live in Canada, I’m using MetaTrader connected with a CMC brokerage. I’m a little confused on how the trading hours works as I’ve been able to trade after 4pm some days but today for example (Friday) I am not able to execute a trade as it keeps telling me “Market Is Closed”. I’ve been searching through the internet to find the hours it opens and closes but to no avail. If someone can provide me with an easy understanding for when I’m able to trade for example: XAU/USE (gold) It would be very helpful and appreciated! Thank You!
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Forex market hours operate 24 hours a day with the Sydney trading market opening at 8 a.m. on Monday and overlapping with overseas markets until 4 p.m. on Friday in New York with most forex brokers offering 24 hour forex trading hours to day-traders in Australia and worldwide. Forex trading times. The Forex market is practically open 24 hours a day, Monday to Friday. I say practically because there are some minutes at the end and the beginning of each day when trading is temporarily suspended. This pause in trading is known as the market roll over. Forex (FX) offers nearly 20 times the daily trading volume of the US stock market - making it the largest global market. Trade 24 hours a day. Set your own schedule. Forex trading is available 24 hours from Sunday to Friday. Speculate without ownership. Unlike equities, you can speculate on currencies without owning them. ... Overlaps in Forex Trading Times . The best time to trade is during overlaps in trading times between open markets. Overlaps equal higher price ranges, resulting in greater opportunities. Here is a ... The most favorable trading time is the 8 a.m. to noon overlap of New York and London exchanges. These two trading centers account for more than 50% of all forex trades. On the flipside, from 5 p.m. to 6 p.m., trading mostly happens in the Singapore and Sydney exchanges, where there is far less volume than during the London/New York window.
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