Hi everyone, I am an FX trading beginner, I am currently using Metatrader 4 to trade EUR/USD, I was just wondering, what is the opening and closing time for EUR/US What is the opening and closing time for EUR/USD ?
Thanks in advance.
But be aware that the times follow USA-DST!
FX opens 5pm ET Sunday and ends 5pm ET Friday. Some brokers start after (6pm is common/end before (up to 15 minutes) due to low volatility.
Swap is computed 5pm ET. No swap if no open orders at that time.
Brokers use a variety of timezones. Their local time (with or without DST,) GMT/UTC, GMT+2, NY+7.
Only with NY+7 does the broker's 00:00 equals 5pm ET and the start of a daily bar is the start of a new FX day.
GMT brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST,) and a short Friday bar.
GMT+2 is close but doesn't adjust for NY DST.
EET is closer except when their DST doesn't match NY's. Last Sunday of March and 1:00 on the last Sunday of October vs second Sunday in March and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in November.
Non-NY+7, means the chart daily bar overlaps the start, and converting broker time to NY time requires broker to GMT to NY timezone conversions.
WHRoeder has already answered that, namely: "2. Brokers use a variety of timezones"
So, look it up in your broker's website to find out what timezone they use.
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