About the trading
Trading continues. When one foreign exchange market closes, another will reopen...
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Prepare account opening information
Submit application for account opening
Activate the account
1. Generally speaking, the information required to open an account on the online platform is not much. In addition to the basic registration information, you can prepare materials to prove the authenticity of your information.
2.Fill in the account opening application form according to the platform opening link guidelines and system requirements, and the platform staff will get the corresponding account information after it is approved.
3.After the account is successfully registered, it cannot be used directly and must be activated. When activating, investors can choose to wire transfer, digital currency or other ways to invest a certain amount of money into the account to complete the activation of the account. Regular platforms will not have high requirements for the amount of money.
Opening hours of foreign exchange market
The market never stops its pace. When one foreign exchange market closes, another opens, so customers can experience trading 24/7: New York trading hours from 01:00pm to 10:00pm; At 10:00pm GMT in Sydney; Trading in Tokyo began at 00:00 AM GMT and ended at 9:00 am; London trading hours begin at 8:00 AM GMT and end at 05:00 PM. This allows traders, brokers and participants from all continents' central banks to trade around the clock.
More trading hours, more possibilities
The foreign exchange market is open 24 hours a day and it is important to know the most active trading hours.
For example, if we choose a low-volume time slot, 5pm-7pm EST, after New York closes and before Tokyo opens. Only Sydney is trading at this time of year, so the spread is relatively high compared to London, the United States and Tokyo. Fewer trading opportunities mean fewer financial opportunities. If you want to trade currency pairs such as EUR/USD, GBP/USD or USD/CHF, the best time to trade is between 8:00 a.m. and 12:00 p.m., which is the most active trading time in Europe and the U.S.
Alertness and opportunism
Another thing investors should be aware of is the timing of government reports and official emergency news releases. While each government announces the exact time of the news release in advance, it varies from country to country due to the time difference.
So it's valuable to find out when it's released in different countries. Most of the time, it coincides with the time when fx trading is most intense. So there's a big profit opportunity for investors, but it could also backfire.
As a trader, you have two options: you can participate in intense fx trading periods to gain higher profits from high volatility; Or decide to suspend trading during those periods and trade fx in a conservative manner. Whichever you choose, you should plan ahead in case a sudden price change at the time of the press release causes you to lose money.
For day traders, trading is most efficient between the start of the London market at 08:00 GMT and the end of the US market at 22:00 GMT. The peak trading time is between 1 PM GMT and 4 PM GMT overlapped in the US and London markets. The main trading markets of the day are London, the US and Asian markets.
Here's a brief overview of trading hours to help you make the most of the market:
Peak trading hours in London -- 8 am GMT to 5 PM GMT; The euro, pound and dollar were the most traded currencies;
Peak trading hours in the US -- 1pm GMT to 10pm GMT; The most heavily traded currencies were the US dollar, euro, sterling, Australian dollar and yen;
Peak trading hours in Asia - Sunday from 10pm GMT until European trading begins around 9am GMT; Not very suitable for day trading.
The market never stops
The foreign exchange market is open 24 hours a day
The pound and dollar traded most frequently
Be aware of the timing of government reports
Master the peak trading time of each region