What is the best time to trade cryptocurrency. Opening and closing times of stock exchanges around the world Opening hours of stock exchanges in winter
Novice traders often ask the question “When is it better to trade - day or night?” It will be easier for you to get the answer to this question yourself by studying the features of the movement of charts during the day and night.
The following must be remembered:
“At night, quotes move smoothly in the channel, and during the day they are volatile in a trend.”
In other words, during the day the chart looks something like this:
At night like this:
By correctly assessing the differences and studying the strategies, you will increase the likelihood of profitable trades at any time of the day!
It is imperative to take into account the time of day factor when trading. Financial exchanges are a 24/7 market. When evening falls in one part of the world and market participants finish trading, in the opposite part everything is just beginning. Trading sessions follow one after another and continuously transform into one another. Depending on the time of day, trading activity in different currency pairs varies.
An experienced trader who knows which instruments are more volatile in certain trading sessions has an advantage over other market participants and trades more efficiently. Unlike other instruments, currency pairs can be traded non-stop 24 hours a day, five days a week (with breaks on weekends), which is a huge advantage over stock markets, which operate only a few hours a day.
Trading session schedule
There are 4 trading sessions. Asian, European, American, Pacific exchanges. - From 03:00 to 11:00 Moscow time – Asian exchanges are open;
- From 09:00 to 17:00 Moscow time – European stock exchanges are open;
- From 16:00 to 24:00 Moscow time – American stock exchanges are open;
- From 23:00 to 07:00 Moscow time – Pacific exchanges are open.
summer time
Trading session schedule in winter time
It is clear from the figures that some trading sessions overlap each other. During such periods, markets experience increased activity and volatility. Many traders like to use these periods as the most predictable, effective and profitable.
Moreover, at the opening of the trading session and an hour before closing, strong movements in the markets are often observed. This is due to the fact that many participants first open their positions and take profits on them towards the end of the day.
Features of trading during sessions
All of the listed exchanges have their own characteristics.
- During the Pacific session assets are flat and suitable for channel strategies.
- During the European and American sessions quotes are very flexible and are perfect for trend strategies.
- During the Asian session The market is moderately volatile and suitable for almost any trading style.
PACIFIC TRADING SESSION
The foreign exchange market starts with the opening of the Pacific session at 21-00 GMT. Her distinctive feature is that it is the lowest volatile and one cannot expect any sharp jumps.
Experienced traders try to refrain from trading during this period, but continue to monitor the market, the breakout of important psychological and historical levels, and also monitor the formation of new trends and price reversals. Traders try not to trade in large volumes during the Pacific session, since the dynamics of the quote are not always explainable.
When trading, trading instruments such as AUD/USD And NZD/USD, which are the national currencies of the countries of the Pacific region (Australia and New Zealand)
ASIAN TRADING SESSION
At 23:00 trading begins on the Asian stock exchange. First, the exchange in Tokyo (Japan) opens, and an hour later the exchanges in Hong Kong and Singapore are connected to it. Activity in the foreign exchange markets is slight but increasing.
The most active couples are currency pairs with JPY - USD/JPY, EUR/JPY, GMP/JPY. You should also take a closer look at the couples EUR/USD, AUD/USD. Usually asian stock exchange sets the trend for the whole day.
Highest volatility during the Asian session due to its closure. In general, during the Asian trading session the market is more or less calm, however, special attention should be paid to the market from 00-00 GMT to 01:00 GMT, since at this time the main indicators for Japan are released and Japanese banks record the state of the balance sheets of financial institutions.
EUROPEAN TRADING SESSION
Today, there are many financial centers in Europe: Frankfurt, Paris, Moscow and of course London, which accounts for approximately 30% of the total volume of financial markets.
An important feature of the European trading session is that it partially overlaps with the Asian session in the morning, and in the evening with the American. Despite the fact that volatility is increasing, there is no aggression in the market.
The most important news is published from 07-00 GMT to 12-00 GMT. However, do not miss or underestimate the speeches and comments of leading political and economic figures who may speak later and have a significant impact on the market.
Throughout the trading session there is high volatility and range trading instruments that can be traded increases significantly. One of the most popular assets are currency pairs containing EUR, GBP, CHF. For example: EUR/USD, GBP/USD, CHF/USD, EUR/JPY, GBP/JPY.
AMERICAN TRADING SESSION
Another important session, trading in which begins at 12-00 GMT (in summer) and at 13-00 GMT (in winter). It must be remembered that the American trading session is not only America, but also such economically developed countries as Canada and Brazil.
The American trading session is extremely volatile and aggressive, since market participants pay great attention to news releases. During the American session, the previously established trend can be either continued or reversed. Key news is published mainly from 12-00 GMT to 14-00 GMT and greatly influences the movement of rates.
During the American session there is high trading activity. Special attention pay attention to currency pairs that have USD And CAD. JPY volatility is also increasing. Those traders who like the sharp movement of quotes try to trade on such cross rates as GBP/JPY And GBP/CHF.
The key to trading success financial markets consists of many important factors and one of the key components is the ability to act correctly during different trading sessions. The specifics of trading during different trading sessions will allow the trader not only to use his time rationally, but also to effectively distribute his forces and resources. That is why knowing the trading session schedule is competitive advantage and an important component successful trading in foreign exchange markets.
It is important to remember that a trader should not chase profit or try to earn as much as possible, the market will always provide a chance to earn money, the main thing is to wait and not miss this opportunity!
General warning.
All information set out above is for informational purposes only and in no way constitutes financial guidance. The transactions proposed in this manual may be considered high risk transactions and their execution may be very risky. If you purchase the financial instruments and services offered, you may suffer significant losses on your investment or even lose all funds in your account.
Good afternoon, dear reader. On the pages of our website we have already spoken more than once about the Moscow Interbank Currency Exchange MICEX (MOEX), its features, tools and conditions for working with it. But they never touched upon the topic of the MICEX operating schedule and the hours when trading is held on the exchange.
Let's look at the exchange's opening hours and determine what time is best to trade there.
As you probably know, the Moscow Exchange is one of the largest stock exchanges in the world, one of the twenty leaders in terms of the volume of trading and operations. Here you can work with securities of the world's largest and Russian companies, trading them and investing in them in order to receive dividends.
Opening hours of the MICEX stock market
The Moscow Exchange stock market includes several main sectors , each of which has differences in operating time. Let's look at each of them in more detail.
MICEX main market
A basic platform for investing in Russian and foreign assets, available to both residents of the country and foreigners.
The MICEX can operate in this sector in several modes:
1. Addressless and anonymous transactions (main trades) in T+2 mode.
T+2 – mode of concluding transactions with full payment and deposit of funds two days after the conclusion of the transaction.
Main trading hours:
2. Negotiated transactions mode (RPM)
3. REPO transactions
4. Trading in partial lots: 16.00 – 18.45
Standard sector
Allows you to work not only with stocks, but also with options, futures, shares, etc. Provides T+4 trading mode.
Opening hours:
Main session: 10.00-18.45
Evening session: 19.00-23.50
Sector Classic
Makes it possible to independently set the date and method of payments, as well as make them in foreign currency. Opening hours coincide with the main session.
MICEX derivatives market
Market of futures and options contracts. Most in demand assets: RTS index, world currencies, gold, oil, raw materials.
MICEX schedule on the derivatives market: 10.00-23.50.
Summary table of the MICEX operating mode:
Additional information regarding trading times on the Moscow Exchange can be found in the article “”.
Best regards, Nikita Mikhailov
In order to better understand the economic processes taking place in the world and respond in a timely manner to important changes, it is necessary to monitor the movement of world quotes daily stock markets, and for this the trader needs to know stock exchange opening hours V different countries peace.
Exchange opening hours in winter and summer is structured in the tables below, the data is presented relative to Moscow time.
Exchange opening hours in winter
Exchange opening hours in summer
Previously, Russia annually switched to summer mode, moving the clock hands back by one hour, but in the summer of 2011. this procedure was cancelled. A similar situation is observed in Japan and China - these countries also do not change their clocks all year.
Autumn in Europe and the United States is marked by the transition to winter time (clocks are set back) and, thus, trading sessions in Germany, France, Great Britain and other European countries, as well as the United States, take place one hour later than the trading session in Russia, Moscow time.
In the spring, the same countries move their clocks forward, as a result of which the trading sessions of Europe and the United States overlap an hour more with Russian trading.
US clock change schedule
In America, the summer regime begins in March (the second Sunday - an hour ahead), the winter regime - in November (the first Sunday - an hour ago).
Transition schedule in Europe
European countries also switch to the summer schedule in March (the last Sunday in March - forward by one hour), and in October - to the winter schedule (the last Sunday in October - back by one hour).
How does the clock change affect the Russian trading session?
As a result, during the summer time period, the American session “overlaps” the Russian session for 1 hour and 15 minutes, thus, Russian traders have time to win back some of the overseas trading. Trading in the US closes at 00:00 Moscow time, which coincides with the close of the Russian evening FORTS session.
During winter time, the obvious disadvantages of canceling the clock change in Russia are obvious
- The US trading session overlaps with the Russian one for only 15 minutes, resulting in the strongest volatility in the final 15 minutes. before closing (from 18:30 to 18:45).
- Europe will open later, i.e. at 12:00, which means that there will be no additional drivers of movement from 10:00 to 12:00 for the Russian Federation (as a result, the first two trading hours are marked by low volatility).
- The release of significant US macro statistics will now occur at 19:00 Moscow time - this is the time when the FORTS evening session begins after the main clearing. The result is increased activity in the first minutes of evening trading.
- IN winter period The American session closes at 01:00 Moscow time, and the FORTS market is traded until 00:00 Moscow time. As a result, the last trading hour will be ignored in the evening and won back in the form of a gap in the morning session.
Trading on the Moscow Exchange takes place on various markets. One of the key ones is the foreign exchange market, in which private traders - clients of brokerage companies - can, along with banks and others financial institutions carry out not only speculative trading, but also conversion transactions with currency (buy and sell foreign currency with the possibility of actually withdrawing it to bank accounts).
It is based on the results of trading on the foreign exchange market of the Moscow Exchange that the Bank of Russia calculates the official rates of major currencies, which it publishes on its website. The foreign exchange market of the Moscow Exchange is a center of liquidity for trading with foreign currency. It is here that the Bank of Russia intervenes and implements monetary policy, which makes the foreign exchange market extremely important for the country's economy. The average daily turnover on it exceeds 1 trillion rubles.
History of the foreign exchange market
Exchange trading in currencies in Russia dates back to the formation of the MICEX exchange - the Moscow Interbank Currency Exchange. She was called upon to replace currency exchange State Bank, where foreign exchange auctions of Vnesheconombank were held. So the stock exchange history of Russia in the post-Soviet time period begins precisely with currency trading. Moreover, already in those years the Central Bank used the results of trading on the MICEX foreign exchange market to determine official rates. Then the MICEX exchange began to actively develop; already in 1993, trading in GKOs (government short-term bonds) began on it, which makes the MICEX a universal exchange on which a whole list of different assets is traded.
In 1995, the RTS exchange appeared (Russian trading system), where large blocks of shares of Russian companies are traded for US dollars. In 1997, currency trading was implemented on the MICEX foreign exchange market using the electronic lot trading system (SELT). Trading in shares of Russian companies and corporate bonds also begins on the MICEX.
In 2001, FORTS (and RTS) was launched on the RTS exchange, on which the most liquid asset is traded today of this market- futures contract for US dollar (Si). It is non-deliverable (it only transfers the ruble monetary difference), and trading on the foreign exchange market is accompanied by real deliveries (but it is also possible to simply extract the financial difference).
In the 2000s, exchanges around the world and Europe began to actively consolidate; Russian exchanges were no exception. Thus, on November 19, 2011, the MICEX and RTS exchanges began the process of merger, during which the trading in the foreign exchange market was formed, inheriting from the MICEX. And from February 13, 2012, the Moscow Exchange opens access to currency trading to banks and brokerage companies. It is from this stage that individuals have the opportunity to make transactions with currency on an equal basis with banks and take part in the formation of exchange rates.
Nowadays, over 500 professional participants trade in the foreign exchange market - these are mainly banks (over 400), as well as non-credit organizations, including the largest brokerage companies. Moreover, on the website of the Moscow Exchange there is information about who is a participant in trading on the foreign exchange market. Thus, if you decide to trade currencies on the former MICEX and are looking for a reliable broker, then familiarize yourself with the list of companies allowed for trading in advance.
Organization of trading on the foreign exchange market
Today, the foreign exchange market trades in currencies such as the Swiss franc (CHF/RUB), Chinese yuan (CNY/RUB), euro (EURRUB), British pound sterling (GBP/RUB), Hong Kong dollar (HKD/RUB) and US dollar (USD/RUB). Naturally, these currencies can be both bought and sold for domestic currency. Moreover, trading in these currencies is implemented in several modes: TOD (today - with delivery “today”), TOM (tomorrow - with delivery “tomorrow”), TODTOM (the so-called SWAP transactions or transfer transactions - a combination of two opposite conversion transactions for the same amount with different value dates), SPT (spot - trading mode with delivery on the second day). For the US dollar, trading is available in the form of a discrete auction (USDRUB_DIS).
Despite the fact that in foreign exchange trading there is a large share of banks making currency transactions in their own interests, the minimum lot for instruments in the TOM, TOD, SPT and DIS modes is a very affordable 1000 conventional units (cu), and for swaps ( TODTOM) - 100,000 USD At the same time, the minimum price step for trading CHF, EUR, GBP and USD in TOD, TOM and SPT modes is 0.0025, which is much lower than bank spreads for similar transactions, and for transactions in TODTOM mode - 0.0001. For CNY trading and HKD in TOD, TOM, SPT modes, the minimum price step is 0.0001, and for TODTOM mode - 0.000001. Moreover, for liquid instruments, the spread is often the minimum price step, and the volumes of orders to buy and sell are very high and are present at almost every price level.
The foreign exchange market is open from 10:00 to 23:50, which allows you to make currency transactions in a mode convenient for the trader. At the same time, currency trading in the TOM, TODTOM and SPT modes is carried out from 10:00 to 23:50. USD trading in TOD mode takes place from 10:00 to 17:15, EUR and GBP trading in a similar mode - from 10:00 to 15:00, and trading in currencies such as HKD, CNY and CHF in the “today” delivery mode are held from 10:00 to 11:00. This allows you to select the optimal calculation mode for the trader for each currency.
At the same time, not only conversion transactions are possible on the foreign exchange market - no one forbids making transactions intraday or transferring them overnight and making speculative profits. At the same time, a fifth “leverage” is available in currency trading, which allows you to speculate on exchange rates as efficiently as possible.
Conclusion
The foreign exchange market is of great interest to and, as it allows you to make money on fluctuations in exchange rates and carry out conversion transactions at a much more attractive rate than at the bank, and without the queues that often happen there.
